Are you thinking about getting an extended auto car warranty or used vehicle warranty? Are you unsure of the value of buying this type of a warranty?
It’s important that you know that an extended car warranty provides protection beyond a dealership warranty. On top of additional benefits and features, an extended warranty permits you the flexibility to have the car fixed at any licensed service center within your area.
Besides fixing mechanical breakdowns, the extended warranty options and benefits likely include:
- a) Twenty-four hour roadside assistance that is up to $100 for a certain amount of occurrences
- b) Vehicle rental benefits if an automobile is towed to a repair center
- c) Trip interruption advantages
- d) Extra towing
- e) Additional services like replacement of oil, lock out,battery boosts, or other fluids.
Vehicle buyers oftentimes know nothing about car warranties. They believe they’re receiving a magic wand which is going to pay for anything that goes wrong. That isn’t true!
Read all of the fine print, as even the best extended car warranty service plans included in every policy under Palmer Auto Protection, will include exclusions to what’s covered. Oftentimes you’ll discover so many aspects excluded from a warranty repair which you’ll wonder what precisely is covered other than the benefits of car rental, roadside assistance, and additional emergency services.
Most websites provide tips about how to purchase an extended car warranty on the Internet. Carefully investigate, but keep in mind most providers sell warranties. Don not purchase from the first provider you investigate.
Seek out several, ensuring the one you get is a financially secure provider which administers their own warranties and will keep high enough balances that pay all repair costs which stretch into the future. A few places in which you might obtain warranties from include insurance groups and warranty brokers.
While the auto dealership might provide an extended auto warranty, it’s oftentimes in your best interest to buy it somewhere else as a dealership most times employ the warranty as a way of increasing their profit by involving it in the financing of a car. That translates to you paying interest on a warranty, boosting your overall expenses than if you buy a warranty from an outside provider.
Check the credit union, other insurance dealers, or sources on the Internet for their deals about extended vehicle warranties. Usually buyers may negotiate the cost of a warranty. One rule of thumb is that purchasers might have a margin of 1/3 to negotiate a warranty.