If you are a car owner, you probably have heard of the term “extended auto warranty.” But what exactly is an extended auto warranty? An extended warranty, also called a service agreement, a service contract, or a vehicle service plan, is a prolonged warranty or vehicle health insurance offered to consumers in addition to the standard warranty on new items.
The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer. Extended warranties cost extra and for a percentage of the item’s retail price.
This article will help you weigh your options on whether an extended auto warranty is worth it.
Coverage of the service
What repairs and/or service are included? Do I get to customize it? Some services or companies offer warranties that are flexible, wherein it can be custom-fit to your car’s needs. The main key is for you to understand your needs and that each level of warranty can vary from company to company. It is very important for you to understand what is included (and what is not) on the contract.
Price of the extension
Is it affordable? How much will it cost me?
Pay attention at what you are paying with the coverage options you have. Sometimes, the lowest price would mean that you are opting out from essential repair options. Remember, the lowest price does not necessarily mean that it is the best price.
Is it a third-party warranty provider? Choosing a third-party is NOT exactly bad, but it will limits your choices in terms of repairs and location. That is why choosing the right company or an authorized warranty provider is as important as choosing what car to buy.
Discounts and perks
Will I be able to receive a discount if I avail this extended warranty? Being able to have the best price for the extended warranty is one thing, but being able to have a discount on top of that? It is something else! Besides, saving money is the main reason you are planning to get an extended warranty. Make sure to consider the discounts and decide what warranty offers the best value for your hard-earned money.
Age of the car
Is it a secondhand car? Your need for an extended warranty will depend on the age of your vehicle.
The years and mileage will be detrimental in calculating final cost of the warranty. Also in general, older cars are more expensive to cover. Depending on how old and reliable your vehicle is, warranty providers set a price that will reflect the frequency of the repairs needed to ensure that the car is roadworthy.
What kind of driver am I on the road? Warranty providers also consider how well you take good care your vehicle and how likely you are to get into an accident. This is common and typical with auto insurance as well, where a driving history can lower the cost of insurance policies.
I hope these information will help you decide whether to or not to get an extended warranty. To maintain your history clean, maintain your car at A + Plus Auto Glass. You have to make sure that the windshield is functioning as it should. A + Plus Auto Glass will help you take care of a chip or a crack as soon as you notice it. Call (623) 218-6844 to schedule a car maintenance and check up!