Before we give you ideas how to find the best extended warranty let me give you an overview of the product and its main purpose. An auto extended warranty often thought as a burden expenses for the consumers but what most of the consumer didn’t realize that this may benefit them as the manufacturer’s warranty lose validity, extended warranties are actually a service contract, it covers the charges incurred after the manufacturer’s warranty expires. This may be labeled as a medical policy for our cars. Though some extended warranties have variations, either comprehensive or deductibles. It all depends on what kind of auto service warranties you are going to avail and needed.
Types of Extended Warranties
- Bumper-bumper warranty - this type of service contract is the most comprehensive, for it covers all the parts and service of the vehicle but it does not includes the changing of brake pads, wiper blades and tires for this is disposable and can be replaced for its wear and tear properties. This may be the highest level of auto extended warranty you can avail in the market but is actually available only for vehicles with lower mileage.
- Power-train - this type of warranty are more appropriate on a high mileage vehicle for this covers all the huge bills of vehicle repairs, this includes the engine, transmission and drive axle. Though some company has an extended coverage of policies that may include the air conditioner and starter.
- Inclusionary policy - in this type of warranty all major and covered components are listed in the policy this may be an advantage for you if your vehicle does not qualify to any of the two current policy listed above.
Hence, in choosing or buying which type of auto extended warranty you must read carefully all the details stated in the policy in order for you not to have problems in the future.
Why is extended warranty important?
Extended warranty is important especially to those who have a tight budget and doesn’t want any sudden unexpected expense from the repairs incurred on their vehicle. Especially when you planned to used your vehicle longer and doesn’t have plans on upgrading to a new one for a period of time.
In finding the best auto extended warranty policy do not just jump into one insurance company, hence you must look every single detail of each of these companies are offering you. For there are companies that may offer comprehensive policy but have in inclusions that vary from other insurance firms and may cost you more or you might buy the policy that does not meet your expectations.
Extended warranty can be a big help to consumers for it gives you peace of mind from any unforeseen repairs, not all warranty can be bought from your car dealers. You may purchase even after your manufacturer’s warranty expires and purchase it from other third-party warranty company, but you have to consider that the more the car gets older the more the policy gets more expensive but if your concern is for your safety and peace of mind don’t hesitate to get one.
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