Extended Automotive Warranties – Extended Car Warranties: Pros and Cons (2022 Guide) Make an informed decision about an extended car warranty using our helpful guide.
The decision to buy a car warranty is an important one, so it’s a good idea to first consider the pros and cons of an extended warranty.
Extended Automotive Warranties
When shopping for extended warranties, the best thing to do is call and get custom quotes for your vehicle. That way you can compare the prices of each company and get an idea of their customer service. Get free quotes from some of the best extended warranty companies below:
Best Car Warranty Companies Of October 2022
An extended car warranty, also called a vehicle service agreement, is a protection plan that takes effect after the original factory warranty has expired. The guarantee is designed to provide peace of mind on the road. Although more likely for older and used cars, unexpected breakdowns can occur at any time. If you own a new car from a dealer, it may still be covered by the manufacturer’s warranty, but be sure to check the fine print as the factory warranty will only cover car repairs for a few years after purchase. Every car owner should have a plan for how they will pay for repairs. One way to plan for these costs is to purchase an extended car warranty.
There are more pros than cons to buying an extended warranty if you can’t afford unexpected repair costs and plan to keep the car for several years. Read on to learn more about some of the most common advantages and disadvantages of extended car warranties.
Although the reliability of cars has improved over time, they are still very expensive to maintain. According to AAA, even new vehicle owners spend about $1,186 annually to maintain and repair their vehicle.
For example, a typical timing belt replacement can cost up to $900, according to Angie’s List. A broken timing belt can also cost up to $2,000 or more if it causes damage to a vehicle’s pistons, water pump or valves.
How Much Does An Extended Car Warranty Cost? (2022)
If you have an extended warranty from a reputable supplier like CARCHEX, you will pay a relatively small deductible when the timing belt needs to be replaced, from $0 to $100. This is probably the most important factor when comparing the pros and cons of extended car warranties.
If your car needs an expensive repair in order to drive it safely, you may feel that it is necessary to sell the vehicle even if you want to keep it.
According to AAA, one in three American consumers cannot afford an unexpected car repair bill between $500 and $600. If you want to keep your vehicle and can’t afford an expensive repair, but you can afford the monthly car warranty, buying an extended warranty is the way to go. a smart decision.
Car warranty providers will often allow you to create a fully or partially customized plan, depending on your needs. For example, modern vehicles come with complex technological systems, and it is common for these technological systems to fail or need repairs.
Is That Extended Car Warranty Offer A Scam? Here’s What You Need To Know
For a car owner who cannot live without Bluetooth or the navigation system working properly, it makes sense to purchase an extended warranty on the vehicle’s technology systems. Drivers who do not trust these systems can save money by choosing not to cover them.
While extended car warranties can save you significant amounts of money on expensive repairs, they can sometimes cost you more money in the long run.
If you pay $60 a month for an extended car warranty, that’s $720 a year out of pocket. In addition, there is often a deductible when you make a claim for warranty coverage. For someone with a very reliable vehicle who can afford an expensive repair, an extended car warranty may not be worth it.
Extended warranties are often cheaper the earlier in the vehicle’s life you buy them. If you invest in an extended car warranty for years, you may feel hesitant to buy another vehicle. However, many car warranties are transferable, which can help increase resale value.
What’s An Extended Warranty?
Some consumers purchase an extended warranty plan without reading the plan details and are caught off guard when a necessary repair is not covered by the car’s extended warranty.
Reputable warranty providers will provide you with a transparent list of exclusions in their plan. It is recommended that you read this list carefully before purchasing an extended car warranty.
After considering the pros and cons of extended car warranties, you can decide that an extended warranty is right for you. The first step to finding the best warranty for your needs is to research and compare prices. We recommend that you purchase the best price and coverage for your car from leading third-party warranty providers.
With Endurance, you don’t have to worry about a warranty broker or supplier, and Endurance is known for its excellent customer service during the quotation and claims process.
About Your Extended Warranty
In addition, Endurance warranty plans allow car owners to choose any workshop certified by the National Institute of Automotive Service Excellence (ASE).
Learn more about coverage options in our full Endurance Warranty review, as we rate the company 4.6 out of 5.0 stars. You can also get in touch for a free, personal Endurance quote below.
If, after reviewing our pros and cons, you have decided to buy an extended car warranty, we recommend contacting CARCHEX for a personal offer.
CARCHEX maintains an A+ rating and accreditation from the Better Business Bureau and has received endorsements from industry leaders such as CARFAX, Kelley Blue Book and Edmunds.com. Our CARCHEX review gave the company 4.4 out of 5.0 stars.
Extended Auto Warranties Available Through American Independent Insurance
CARCHEX offers a total of five extended warranty plans, each of which can be customized. All plans include 24/7 roadside assistance, gas delivery, trip interruption services and lockout services.
Having trouble choosing between Endurance and CARCHEX? Read our endurance vs. CARCHEX and contact us for a CARCHEX quote to see how much you will pay for coverage.
Extended car warranties are worthwhile for some customers but not for others. It depends on your individual situation. In general, those with unreliable vehicles and who do not have the funds to pay for expensive repairs should consider an extended warranty. To learn more, we recommend reading our article on whether extended car warranties are worth it.
A good price for an extended car warranty depends on your specific vehicle and coverage needs. There are many different factors that determine the price of an extended vehicle warranty, including the age, model and mileage of the vehicle. We believe that CARCHEX and Endurance provide strong service at a reasonable price for consumers.
Should You Get An Extended Warranty? (2022 Guide)
We recommend Endurance as our top coverage provider because of their excellent coverage, reviews and easy services. But if you’re looking for top-notch customer service, our review team found CARCHEX to be a good choice as well.
In an effort to provide consumers with accurate and unbiased information, our expert review team collects data from dozens of auto extended warranty companies to formulate rankings of the best providers. Businesses receive a score in each of the following categories, as well as an overall weighted score of 5.0 stars.× Get a Free Quote By clicking the button above, you will receive your electronic signature and your express consent to receive telephone calls (which may be registered), text messages and emails from and its partners at the number or email address provided, which may include the use of an automatic telephone dialing system. You do not need to click the button as a condition of purchase.
Disclosure: This content was produced by an independent editorial party for the purpose of educating our customers and is not influenced by other business operations of .
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Introducing Gomechanic Extended Warranty
It has never been easier or faster to get a warranty quote. is here to help you at your convenience. We are fast, friendly and provide superior customer service at an affordable price.
When your car is protected against future repair costs, you can rest easy knowing that no matter what happens, you’re covered.
Many used car owners do not consider getting an extended warranty, which can cost drivers dearly. When you get an extended used car warranty, you will be covered against expensive repairs should you have repair problems in the future.
It also offers A+ rated customer service by the Better Business Bureau, 24/7 support and great value for money. If you’re not satisfied with the 30-day protection plan, we’ll refund your money.
Warranty Solutions: Cost, Coverage, And Reviews (2022)
To learn more about purchasing an extended warranty with , call 866-261-3457 or get a used car extended warranty quote online. With a daily warranty, no bargains and a low price It is a fact that consumers are now keeping their cars longer because new cars now come with complex technology and more electronics, which makes it more attractive for them to keep their cars.
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