Liviu Marcus
While many people have various preferences for what they want in a car, there is one thing that does not vary at all. That is reliability. It is what every car purchaser searches for in a car. That is why warranties are crucial when you purchase a new car.
You would like to ensure that your costs are covered if there is a fault in the car before it should. Hence, buying the extended warranty should be logical. There are, however, a number of benefits that are not easily understood by many. For example, you still have to take care of your car.
Here we will review what they are, and how to choose the right extended auto warranty for your car and your requirements.
What is an Extended Warranty?
A car bought as new comes with a warranty, which covers any manufacturer’s defects. Essentially, some parts will get damaged within a period of time if they are used regularly. If the part lasts less than the specified time and creates some troubles for the car, which is due to that part, then you can have these repairs covered by the warranty.
An extended warranty pushes this time way beyond it, so as long as you have been servicing the vehicle and it breaks down you will be covered.
What Does It Cover?
When buying an extended warranty policy, you have to read between the lines since they are all different in what they cover. Some are more detailed than others. Typically, they only cover the drivetrain, transmission, electrical components, and air conditioning.
Even a bumper to bumper policy does not guarantee that whatever repair issue that comes up is going to be covered. In addition to the above fact, most of the long warranties come with a deductible, so select the repairs you need wisely when looking to get the warranty to deliver them.
Warranties are included in most new cars, usually for 3 year or 36,000 miles. Upon reaching that limit, then the extended warranty will take action. Once your warranty extension is on, then be concerned about the maintenance as specified by the manufacturer, as certain things have to be done within certain mileage. Maintenance repairs will however usually only be covered with your extended warranty. Regrettably, most of these fixes occur after 50,000 miles, which is usually during your extended warranty.
Is It Worth It?
Should you decide to hang onto your car for long enough and also decide to maintain it properly, then the cost of the extended warranty might be recouped in case of faults. Something like the air conditioner is a costly repair so if it goes out during the time of the extended warranty it will be free with no deductible to pay. In terms of tranquillity, it does pay off.
