TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.
New cars generally come with a warranty. Typically, that warranty will expire after a specified number of years or a specified number of miles, whichever comes first. An extended warranty is actually a service contract that helps cover the cost of repairs after the manufacturer's warranty expires. Purchasing one or not purchasing is strictly up to the buyer. When to purchase an extended warranty is also up to the buyer. You can purchase an auto extended warranty at any time.
One option is to purchase an extended warranty when purchasing the car. This offers a couple of advantages. First, it gives you negotiating power to ask for a lower price on the cost of the extended warranty. After all, the dealer wants to sell the car and will make more profit from the sale of the car than from the sale of the extended warranty. Chances are, if he has to come down on the price of the extended warranty in order to sell the car, he will. Other advantages include being able to roll the cost of the extended warranty into the financing for the car and spreading the payments out over time rather than paying for the extended warranty in one lump sum.
Extended warranties do not have to be purchased with the car. In fact, since an extended warranty is a service contract, it can be purchased either during the life of your manufacturer's warranty or after that warranty has expired. Be aware though that you may end up paying more for an extended warranty if you do wait until the manufacturer's warranty expires.
These warranties can be purchased through a variety of companies. Both manufacturers and third-party dealers sell extended auto warranties.
Before making the decision on when to buy an extended warranty, go online and research what your options are. Price and coverage will vary depending on a variety of factors. Duration of the warranty, extent of covers and warranty dealer will all affect price. Make sure you compare the duration, coverage and price of any warranties you are interested in purchasing.
Be sure to also read any fine print before purchasing and look for other differences between policies which may affect price. For instance, look for differences in deductible amounts, whether there are limits on where you can get the car fixed and whether the warranty is transferable to a new owner if you sell the car before the warranty expires.
Purchasing an extended warranty can be a smart investment on a new or a used car. Be sure to go online and do your research before purchasing an extended warranty so you get the best deal you can.
Top Consumer Reviews Articles
TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.
Auto Warranty In The News
The 30-year-old tour pro's car had recently been called in under warranty to replace the engine. Days later, Mack found himself in a nightmare scenario with his life in danger on a Central Florida hig...
Published: Sat, 17 Nov 2018 18:30:00 GMT
Consumers can shop and sign for a car directly through the Fair app from anywhere. Every Fair car comes with a limited warranty, routine maintenance, and roadside assistance included. Consumers can ad...
Published: Sun, 18 Nov 2018 22:04:00 GMT
I would seek out an ordinary off-lease car under a Certified Pre-owned (CPO) program. It will have had a normal service life, had the bugs complained about and fixed by the original lessee, and be und...
Published: Thu, 15 Nov 2018 09:00:00 GMT
CPO vehicles come with additional bumper-to-bumper warranty coverage and other perks that can make your cost of driving more predictable. Good Candidates for Lease-End Purchase: At the end of a used-c...
Published: Thu, 15 Nov 2018 11:52:09 GMT
However, a car can have cosmetic issues ... It's possible there is a defect at the factory and the warranty would kick in. Also, I'm not sure how your service would be impacted by a lawsuit ...
Published: Fri, 16 Nov 2018 06:13:00 GMT
The 2018 Kona, Hyundai's new subcompact crossover SUV, stands out in one of the hottest car segments to emerge over the past ... 100,000-powertrain warranty is hard to ignore.
Published: Sat, 17 Nov 2018 01:22:00 GMT
Amazon Discounts Smartphones, Car Charging Accessories, and More for Today Only. These deals are for today only, so make sure to get on these immediately. LG Electronics LGUS998U V30+ Factory Unlocked ...
Published: Mon, 12 Nov 2018 08:03:00 GMT
- View Full Site -
Reproduction in whole or in part in any form without the express written consent of TopConsumerReviews.com, LLC is strictly prohibited.