Your mileage could vary drastically so here are a few things to keep in mind before you run off to get a warranty. Cost of Extended WarrantyĪccording to reports, an average American spends approximately $1,986 on annual vehicle repairs and maintenance. Learn what matters the most when buying an extended car warranty in our in-depth guide!Ĭost of Repair vs. Though it is not going to harm the user in any way, it still seems like a waste of hard-earned money. Overlapping coverage is another issue people frequently run into. One always runs the risk of never using the warranty, so for those who keep changing cars frequently, an expensive extended warranty plan might not be a wise financial decision. Some of the more affordable plans might not cover some of the expensive components and you could end up losing money. It is important to pick a plan that is comprehensive in terms of coverage. It is a proven way to improve a car's resale value as used car buyers prefer vehicles that are under warranty. Most plans incorporate added benefits like roadside assistance which can prove to be highly beneficial and a lot less expensive in case of a breakdown. Saves you money in the long run especially when you are dealing with premium or less reliable car brands with an expensive after-sales network. Also, don't forget to compare policies and negotiate to get the best possible deal. Before buying an extended warranty make sure you evaluate providers based on cost, coverage, and convenience, along with the likelihood that you’ll need their service. In cases of affordable and reliable cars, an extended warranty might not be as useful especially if you have enough saved away to cover any potential unexpected repair bills. Warranty coverage can come in handy if you don't want to spend money for repairs later or choose to purchase a vehicle that costs more than usual to run and maintain. SCROLL TO CONTINUE WITH CONTENT Are extended car warranties worth the money?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |