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If you are at the end of your original manufacturers warranty on your car, or if you are purchasing a used car, chances are that you have been given an option to purchase an extended warranty. In fact, you probably have gotten tired of the numerous companies inundating you with advertisements trying to sell their warrantees. Before making any decisions about auto warrantees, you will need to consider several things.
How Much Do You Drive?The first thing you will need to consider is whether or not it is worth buying a warranty. Many warrantees will give you an additional two years or 24,000 miles, whichever comes first. Some extended warrantees will go as high as 36 months or 36,000 miles. If you drive a high number of miles, your warranty will be up before you know it. Cars with higher amounts of highway miles will have slightly fewer maintenance problems than those that are always in stop and go traffic. So the big question is, do you think you will even have a maintenance need before your warranty is up?
Do the MathMany standard warrantees will be around $1,500 to $,2000 with a deductible of $100-$200 for each repair. Considering the average car repair is around $500, you will only get a benefit if you have at least four repairs under the warranty period. This is something to consider when you are debating about purchasing a warranty.
Taking a ChanceGiven the fact that an auto warranty may not agree with the math, you are still taking a chance without an auto warranty. A transmission repair can be over $3,000 and having a warranty in this case is the smartest move you can make. Warranty insurance companies make their money on the fact that they will get a little more money that they will pay out. Your choice of whether or not you will chance it is up to you.
Get the Right CoverageSome warrantees will only cover the power train and transmission while other warrantees will cover everything from bumper to bumper no matter what it is. The choice is really up to you.
What else can I help you with?
What is a good auto service warranty to buy?
Direct Buy Warranty is a good auto service warranty to buy.
Where can auto warranties be found?
Auto warranties can be found through auto warranty companies. There are many companies that offer auto warranties, such as The Auto Warranty Agency, and MBPI.
Has anyone used Allied Auto Warranty out of Phoenix Arizona?
Yes, I purchased an Extended Auto Warranty thru them. My transmission blew 4 months after getting the warranty, a $3,000 repair and the warranty paid for it with no issues. I would highly recommend Allied Auto Warranty and Dan Ferguson.
What purpose does an auto extended warranty serve?
An extended auto warranty is a type of insurance. When the manufacturer's warranty expires, an extended warranty picks up to provide coverage of certain expenses relative to the repair of the vehicle. There are all kinds of extended-coverage auto warranties, each with various allowances, restrictions, etc. Be careful to read the fine print and understand exactly what the warranty offers. The purpose of an auto extended warranty is to increase the time to a regular warranty on cars. Thank you.
Where can I find online information on auto warranty?
A good place to find auto warranty information is at the car manufacturers official website. They should have all the terms and conditions that apply to the warranty you have.
Can you name a few good auto warranty offers currently available?
Your auto warranty will depend on the make and model of your vehicle. One of the best places to find an auto warranty offering good cover for a reasonable price would be the comparison sites.
Where can one research on the best extended auto warranty?
Car or auto warranty companies can be compared and contrasted online. Sites that offers resources to do so include: Auto Warranty Today, Car and Driver, Consumer Reports and the Automobile Protection Agency.
What car company offers the best auto warranty?
When looking for the best auto warranty, many factors come into place. Basic "bumper-to-bumper" coverage, Powertrain, Corrosion and Roadside Assistance are some of the key factors in determining who offers the best auto warranty. Hyundai is one of the top companies to offer an outstanding auto warranty that satisfies their customers.
What are the best auto warranty companies?
Researching to find the best auto warranty companies has led to a few good suggestions. This will vary depending on ones country of location, but in the US the best auto warranty companies are The Auto Warranty Agency, Old Republic, CNA National Warranty and Associates Underwriting Ltd.
Where can I get a cheap Auto Service Warranty ?
There is no such thing as a cheap auto service warranty. If it is cheap, it is negatively outweighed by the business's unwillingness to pay up in the event of a major service event.
What are some auto warranty coverage options?
Auto warranty coverage is a necessity when buying a new or used car. The warranty usually covers parts and repairs for the first 3 years or 36,000 miles. There is also an option to take an extended warranty which will extend the length of the time period.
Do used parts come with a warranty?
Some places will give you a warranty on used auto parts, like auto parts stores that are selling used parts. If you get it from a junk yard though, buy at your own risk.
