I’ve been checking out extended automobile warranties online, since my car warranty will expire soon. When you buy a new car, an automotive car warranty is always included and covers services, repair, and replacement of the car’s parts for a set period of time or miles. Once that time period or number of miles has passed, though, if you still want to have a warranty on your car you have to buy an extended warranty.
If you buy a pre-owned car, used car warranties are available and you might want to look into them as a safety net. I want a warranty where I can transfer it if I sell the car. That’s a bonus for any car or truck buyer.
Either way, you can buy an extended vehicle warranty directly from an independent company for a whole lot less than it would cost you at a dealership. Dealerships jack the price up on extended auto warranties and those are one of, if not the most, profitable products they sell. So the last thing I want to do is buy my extended car warranty from the dealership that sold me my car.
Instead, I’ve been looking around for a reputable car warranty company that I can trust. An extended warranty on a car is a vehicle service contract between the warranty company and you, so it’s important that it’s a solid company with a great reputation. They’re supposed to deposit part of the purchase price of the warranty in an insured “Claims Reserve Account” to make sure there are plenty of funds to pay a claim. So I’ve read a bunch of articles on auto warranty companies and their coverage plans.
You can get extended auto warranty quotes online for your make and model of car. It’s important to find out about all the programs they offer. You should get quotes from at least a couple of places online so you can compare warranty coverage and price. Here are a couple of places online that are real popular - I suggest you get quotes from both:
Keep in mind the prices they quote you are negotiable. You’ll get a quote by email first, then a rep will call you. That’s when you can start your negotiations.
[…] be sure to read Ken’s article on Extended Car Warranties. This is something you always want to consider if they’re available for the used car […]
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