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True or False facts regarding Extended Auto Warranty
Whether you are a first time car buyer or have been driving for years purchasing the right extended auto warranty for your new or used car is something every driver should consider. For most consumers purchasing an extended warranty plan and coverage can be difficult. So we have put together a quick fact sheet that should help clear up some of the confusion.
FAQs
Is it true that extended vehicle warranty is sold exclusively from a car dealer?
False - Although most car dealerships may allow you to purchase extended warranty from them they are not the only source for your consumer needs. Make sure to research as many extended warranty programs as possible, in order to find the best coverage and price available.
Purchasing extended warranty programs online is complicated
False - Autodriver.com works with some of the best extended warranty providers in the United States. Simply by enquiring about your extended warranty plans through our network has put you in the right step of choosing the coverage that best suits your needs.
Is it a good idea to buy extended auto warranty even though my car is brand new?
True - To ensure you get the best extended warranty price or quote it’s recommended to lock in your rates early. Newer cars are always cheaper to get coverage for than older. You may even be shocked to find out that some auto extended warranty companies cover more than your manufacturer’s factory warranty.
Can I renew my extended warranty coverage when it expires?
True - your extended warranty coverage should be renewable at the time of expiration. In fact your automotive extended warranties provider will provide you with all the appropriate information regarding policy, coverage, costs and renewal info.
All extended warranty for cars are the same.
False - There are a number of extended warranty companies. Simply choosing to go with the cheapest provider may not always be in your best interest. Do not be afraid of asking questions if you do not fully understand the coverage you are purchasing. It advised all consumers fully understand the contract they are about to enter before purchasing.
Do all extended warranty companies have a deductible?
False - depending on the warranty coverage and provider you choose, you may or may not have a deductible.
Is it a good idea to have a transferable extended vehicle warranty?
True - Having a transferable extended automotive warranty will only add value to the resale of your car. Most buyers in today’s market tend to look for vehicles with some form of auto extended warranty. Most warranty programs will have this type of service as an add on for some small additional charge.
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Did you know that extended warranties for cars can be purchased for new vehicles?
Most manufacturers warranties certain parts of your vehicle up to a certain mileage or years owned. However to purchasing an automotive extended warranty may cover wear and tear as well as add resale value to your vehicle.