Making Sense Of Extended Auto Warranties


A car maintenance contract, commonly known to car owners as an extended warranty, is an optional protection plan that can be purchased to cover repair costs. An extended vehicle warranty typically begins when the manufacturer's warranty expires, but in some cases, the two protection plans overlap. Since your factory warranty will expire at some point, you should consider purchasing an extended warranty to avoid unexpected costs, especially if you really need it. [Sources: 1]


According to a Consumer Reports survey, 60 percent of those who purchased an extended warranty never used it, and only 25 percent said they would buy it again in the future. [Sources: 1]


It may be tempting to buy an extended warranty plan to protect yourself from unexpected repair costs. The biggest advantage of extended warranties is that they can save you money if your car requires expensive repairs that are covered by your contract. If you buy a car that is no longer covered by the manufacturer's warranty and would like to be insured after the warranty expires, you can purchase an extended warranty. [Sources: 0]



If you had to pay the entire bill out of pocket, you would be responsible for covering the deductible if you have one. The warranty provider will cover the rest of the cost of any problems included in the maintenance contract, including engine, transmission, brakes and other components of your car. [Sources: 0]


The extended warranty programs for vehicles can pay for the maintenance contract in advance, so you can have your car serviced if something goes wrong. [Sources: 5]


There are extended auto-warranty coverage options that add regular maintenance to the contract. Be aware that your car will not be there long after you buy the car, the extended warranty plan. Extended car warranty plans only cover unforeseen repairs and are often purchased because it makes sense for the customer to keep the car well beyond the expiry of the manufacturer's warranty. [Sources: 5]



If you purchase an extended warranty at the time of purchase of a new car, your car warranty will begin on the day you purchased the vehicle. This means that even if you do not purchase the extended warranties on your car from the days you purchased it and have regular maintenance and servicing for the entire life of the car (until the end of the warranty), the extended warranty still covers you. If you prefer the coverage to the day of purchase that is most affected, it starts at mile zero. Look for a plan that is sold by a car dealer starting with the "day of purchase" of your vehicle, or "mile zero" or whatever. [Sources: 4]


If your car has a major problem after the manufacturer's warranty expires, an extended warranty can save you thousands of dollars in repair costs. Some warranties are transferable, but if you sell or exchange your vehicle, the company can terminate the coverage at any time with the extended warranty. [Sources: 4, 6]


Critics argue that extended warranties (also called vehicle protection plans or maintenance contracts) don't always pay off, but there are many people who swear by extended protection. On the positive side, the use of extended guarantee schemes has increased significantly in recent years, especially among young people. [Sources: 6]


Ultimately, the value you get from these contracts depends on who buys them, when they buy them, and how well they understand the terms of the coverage. [Sources: 6]


With extended warranties, many people find they include service benefits that most manufacturers and dealers do not offer. Then it's time to find out if an extended warranty is the best option for you. If you end up paying more than the average repair, which can cost more, then you probably shouldn't bother with an extendable warranty. [Sources: 2]


An extended warranty, also known as a vehicle maintenance contract, is a little controversial in the automotive world. It is an optional plan that you can buy to help pay for certain repairs that your vehicle may need after you own it. In most cases, extended warranties cover routine maintenance over the life of the vehicle, not just for a few years. [Sources: 0, 2]


For used vehicles, most extended warranties are provided for new cars covered by the original factory or dealer warranty. In most cases, you will want to purchase an extended warranty after the manufacturer and dealer warranty has expired to avoid gaps in the cover. Read the small print of the agreement to be sure of what the extended warranty does and does not do. [Sources: 0, 1]


Ultimately, an extended warranty on your car or truck may be a smart move for you, but it is not always the best choice for your needs. [Sources: 1]


Weighing up the pros and cons of each insurance option can help you determine whether an additional motor vehicle service contract is in your best interests. Car shields or Car protection plans work with a number of plans that you can compare to make sure you have the best plan for your car. [Sources: 1, 3]



To receive a free extended car warranty quote, please follow this link https://www.totalautoprotect.com/quote or call 1 (844) 438-1444


Sources:

[0]: https://www.creditkarma.com/auto/i/extended-car-warranty

[1]: https://www.caranddriver.com/research/a32878888/extendedwarranty-for-car/

[2]: https://www.thedrive.com/car-warranty/28686/extended-carwarranty-cost

[3]: https://www.retirementliving.com/best-car-warranty-companies

[4]: https://www.autocheatsheet.com/extended-warranty/select-extendedwarranty.html

[5]: https://www.autobytel.com/car-buying-tips/warrantyinformation/what-are-extended-auto-warranty-plans-100469/

[6]: https://www.military.com/off-duty/autos/usaa-extendedwarranty.html

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*A Vehicle Service Program (VSP) is often referred to as an "extended auto warranty," "used car warranty," or “service program,” but is not a warranty. A VSP does, however, provide repair coverage for your vehicle after the manufacturer's warranty expires. A VSP is a contract between you and a VSP provider or administrator that states what is a covered repair and what is not. Total Auto Protect is an administrator of VSPs and does not sell warranties. 

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