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Sunday, November 10th
GuardTree takes a slightly different approach to car warranties, with a focus on monthly subscription plans and the eco-friendly benefit of applying part of your premiums to offset your vehicle's CO2 emissions. Monthly premiums range from $49.95 to $85.95, with deductibles of $100, $250, or $500 per claim, and claim limits of $2,500 or $5,000 per repair. The coverage includes roadside assistance, car rental benefits, and trip interruption benefits. Despite these positive aspects, GuardTree's service is limited to Ontario, with eligibility criteria for cars within 13 model years and under 200,000km, and some luxury brands not qualifying.
With over a million vehicles covered between Canada and the US since 2005, CarShield offers two main warranty plans: the New Car Diamond and the Gold. While promising customized options and a money-back guarantee, the process involves waiting for a representative to contact you with a quote. Customer reviews raise concerns about mechanics refusing to work with CarShield, and the BBB gives it a concerning "D" rating, citing issues with denied claims, extended repair times, and subpar customer service. CarShield's overall rating remains at a disappointing score (and we'd say even that's generous).
Whether you're buying a brand new car or a gently used resale, the prospect of an extended warranty plan may be on your radar. An extended warranty could be a shrewd financial decision, to help you have a cushion against the inevitable costs of future repairs.
Are extended warranties worth the investment? From a reputable company, absolutely. We've all experienced the frustration of a major malfunction just as the manufacturer's coverage runs out - or, even worse, a mere few days after driving that "as-is" car off the used car lot.
But here's a nugget of wisdom: buying the extended warranty directly from the dealer might not be your savviest move. Dealers often slap on hefty mark-ups, and their coverage might not be as comprehensive or flexible as you'd like. Fortunately, Canada boasts several reputable auto warranty companies, providing stellar coverage at competitive prices.
Now, let's get into the nitty-gritty of what these extended warranty plans entail. Similar to car insurance, these plans range from covering just the major systems, like the powertrain, to offering comprehensive bumper-to-bumper protection, excluding only normal wear and tear. So, while they'll handle your in-dash electronics going haywire, don't expect them to foot the bill for your fresh set of brakes or wiper blades.
As you embark on the quest to find the ideal car warranty plan in Canada, keep these essential factors top of mind to guide your decision-making:
For a comprehensive rundown of your options in the Canadian car warranty marketplace, check out the reviews here at Top Consumer Reviews. Our experts have meticulously reviewed and ranked the best choices, arming you with the knowledge to pick the perfect plan for your vehicle. We're confident that your chosen warranty plan will provide the peace of mind that accompanies knowing you're covered when the unexpected road bumps appear!
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