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Car Extended Warranty

Car Extended Warranty Article

Consider These Tips When Buying An Extended Car Warranty

What should you really consider when purchasing a new car? Judging by the conversations of several would-be car buyers, the make, model, and color of a potential new vehicle are among the first thoughts in a buyer's mind, followed closely by issues of performance (transmission type and horsepower) and available vehicle features (for example, leather seats versus cloth, standard locks versus power).

However, as worthy (and occasionally fun) as these car purchase issues are to ponder, there are other issues that are more substantial and weigh in more heavily. What are those issues? Let's begin with a car's warranty.

The intent and function of a warranty, of course, is quite plain. It serves as a good faith statement from a seller to a buyer that a quality product has been sold. But what is a "better" car warranty? And what makes a warranty better than another? In most cases, the most basic reason will be the warranty length (i.e. the longer the better). Most vehicles come with at least a three year 36,000 mile warranty, with an option to buy an extended warranty. But since the cost of extending a warranty can be considerable, it may make more sense to buy a car with a larger warranty. And a few automakers may offer a ten year 100,000 mile warranty bumper to bumper. Finally we're talking value.

Another car buying concern that is of equal importance is the residual value of a car after its purchase. As everyone knows, as soon as a car leaves a buyer's lot, it loses a portion of its
value. For this reason, it is definitely a smart idea to research the make and model of a vehicle you are thinking of buying. This will give information on its current value retention, as well as information on how its been holding up in recent years. After all, you aren't going to feel too happy about that great new set of wheels if it takes higher than the average 15% "hit" after it has been driven off the lot.

Finally, here's a consideration for leasers. Make certain when you lease a car that you check for mileage restrictions. On average, these are 12-15 thousand miles per year with a price per mile penalty for anything in excess of that. The kicker is some of these penalties are hefty and can add up to thousands of dollars when turning in your vehicle. Also make sure you buy the available extended warranty to cover your lease term; that way you aren't paying repair bills for a car that you don't even actually own.

Selecting a automobile that has the look and feel you want will go a long way toward guaranteeing that you stay pleased with your purchase. But doing a little research into your prospective new car's resale value and warranty coverage may go even further toward retaining satisfaction in the car you end up buying.

Car Extended Warranty Resources

Common Myths About Car Extended Warranties

Cars often come with a "3 years or 36,000 miles" guarantee.Other consumer merchandise too generally do not have a warranty of more than a year. Many companies offer extended warranties on automobiles. ...

Understanding Your Car Extended Warranty

However, the less age and mileage your auto has, the lower an extended warranty will cost. before you buy, read service brochures with the manufacture’s warranty.These often handle insurance coverage for three years or 36,000 ...

Getting The Car Warranty That Suits You

If it suits you, and you can afford it, you may select a zero deductible warranty so that the need to pay more never comes up when you come in for a warranty-covered repair.A 2nd option is paying a per-visit rate, meaning ...

Purchasing A Car Extended Warranty

If you sense that a particular car model should have an extended warranty, perhaps you should consider shopping for a vehicle that is much more dependable. You will save up plenty of money by washing and waxing your car yourself. ...

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