Buying the warranty when you buy the car is easier, safer; you can include the cost in your monthly payment. And most warranties are transferable if you decide to sell. Vehicle eligibility for extended warranties varies by provider. Manufacturers generally require you to purchase an extended warranty on the day the vehicle is purchased or before the factory warranty expires.
Third-party contracts can be purchased for new or used vehicles at any time. The coverage of some third-party providers extends up to 250,000 miles. An Extended Car Warranty is an optional vehicle service contract that you can purchase from a third-party supplier. They cover the price of major repairs or replacements for a certain number of years or miles.
The warranty usually starts when the manufacturer's warranty expires, but sometimes the two overlap. The differences between true extended warranties and vehicle service contracts are just the tip of the iceberg of things that confuse countless vehicle owners. We have researched and ranked the best car extended warranty providers on the market, taking into account factors such as coverage, affordability and customer service. If it's time to repair your car, using the extended warranty will involve a claims process to have repairs approved in advance.
It's worth taking some extra time to research your extended warranty options for classic cars due to a lack of options. An extended warranty, also called a vehicle service contract, covers the bill for specific repairs and is purchased separately from your vehicle. Extended warranty coverage outperforms car insurance by dealing with damage due to normal use rather than just repairs caused by collisions, vandalism, theft or acts of nature. To use an extended car warranty, you may have to take your car to an authorized repair center, pay for the work in advance, and then request reimbursement later.
You're not missing out if you don't have extended coverage, but it may not hurt to have it either. With so much information that is contradictory or misleading, it's easy to buy an extended warranty that doesn't actually give you the coverage you want or need. At a minimum, this information will help to dispel some misconceptions and make the best decision to extend your coverage. Extended car warranties can be difficult to understand, partly because of the amount and complexity of the information and partly because you don't know what you don't know.
Extended warranties generally don't cover routine maintenance, such as oil changes or items that wear out, such as brake pads. If you're ready to start shopping, you'll want to make sure you're only considering reputable car extended warranty companies. CARCHEX offers you the best price the first time, saving you time and frustration when buying an extended warranty. Extended warranty providers are often the first point of contact when you have an issue that you want to fix under warranty.
At CARCHEX, we'll help you understand the benefits of an extended warranty and guide you through the process of buying one.