It's no secret that car warranties are an important part of owning a vehicle. But when is the best time to purchase one? Can you add a car warranty at any time? The answer is yes, you can purchase a car warranty at any time before the manufacturer's warranty expires. You can even buy an extended warranty after the manufacturer's warranty has expired, although the price will go up considerably. The older a car becomes, the more expensive it will be to purchase extended warranty coverage, since an older vehicle is more likely to require repair services.
An extended warranty for a new car with fewer miles may cost less than a warranty for an older vehicle with more mileage. However, a Vehicle Service Contract (VSC) offers repair coverage for your vehicle after the manufacturer's warranty has expired. A successful warranty sale will increase the seller's revenue and increase the dealer's profits, but it offers little value to the consumer. A VSC is often referred to as a “car warranty” or “extended car warranty”, but it is not a warranty.
If you're a driver who likes to have a new car every few years and sell or change the old model while it's still under factory warranty, an extended warranty may not make little or no sense to you. In general, extended warranties are intended to prevent drivers from paying out of pocket for sudden repairs, since mechanical problems aren't covered by other types of car insurance. With a third-party extended warranty provider like Endurance Warranty, CARCHEX, Carshield and more, you can get the same type of comprehensive coverage as a car manufacturer or dealer without some of the major drawbacks. The specific details may vary depending on the CarShield plan that drivers purchase, but this list provides a good example of CarShield coverage. When a dealer focuses on selling as many cars as possible, a third-party warranty company focuses on providing you with the protection that makes sense for your vehicle. However, it's important to note that used car warranties aren't worth it for most drivers, especially when compared to alternatives such as insurance against mechanical breakdowns. There are several types of warranties offered by car dealers, manufacturers, and third-party warranty companies.
Vehicle system specific warranties cover specific car systems, such as the electrical system or air conditioning. In conclusion, you can add a car warranty at any time before the manufacturer's warranty expires. You can even buy an extended warranty after the manufacturer's warranty has expired, although the price will go up considerably. It's important to note that used car warranties aren't worth it for most drivers when compared to alternatives such as insurance against mechanical breakdowns.
