Extended warranties are a great way to protect your car from expensive repair costs. But what exactly is an extended warranty, and can you extend one after the manufacturer's warranty has expired? In this article, we'll explore the ins and outs of extended warranties, including what they cover, how to get one, and how to make sure you get the best deal. An extended warranty is an optional service plan that drivers can purchase to pay for repairs to the vehicle's main systems, including the transmission and engine. It extends the coverage of the manufacturer's warranty (also known as the OEM warranty) after it expires.
Depending on your provider, different coverage plans allow you to customize your extended warranty to meet your needs. Yes, you can always purchase an extended warranty after the manufacturer's warranty ends. However, most modern car manufacturers have a clause requiring car owners to enroll in an extended warranty program before the manufacturer's warranty program ends. If you want to buy an extended warranty for your car, you should get quotes from several sources to find the best price. You can buy an extended warranty from your car manufacturer or from an outside company, and the price is generally the same between the two. However, customer satisfaction tends to be higher with manufacturer guarantees.
Used car warranties from outside companies are one way to get coverage if your vehicle's original factory warranty has expired. 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. Coverage and eligibility details may vary by state. It's also worth noting that the AAA Vehicle Protection Plan is technically a vehicle service plan, offering the same coverage as an extended warranty. However, vehicle service plans are offered by auto insurance companies, while extended warranties are generally sold by dealers or third-party companies.
For more information, see WalletHub's extended car warranty guide. It's also worth noting that Extended Vehicle Care is technically a vehicle service plan, which offers the same coverage as an extended warranty. An extended car warranty, whether for a new or used car, can save you money on expensive vehicle repair costs. This is especially beneficial because as vehicles age, the likelihood of needing repairs increases. In addition, once a car manufacturer's warranty expires, average repair costs can skyrocket. If your car isn't the most reliable, you might be more comfortable buying an extended warranty than without it.
If you think the car may have unexpected problems in the future, an extended warranty may be a good option. Extended warranty providers typically offer several levels of coverage that include benefits such as towing services, rental car coverage, and travel insurance. Insurance providers offer insurance policies instead of true extended car warranties, such as those offered at the factory. You can always buy an extended warranty when you buy the vehicle, but this means that you'll end up paying interest on a warranty that you won't be able to apply for in the near future. Like the price of a vehicle, dealers have some room to negotiate with extended factory warranties. In fact, some vehicle owners choose to include an extended warranty even when the factory coverage is still in effect.
In addition, since Extend sends customers back to the original retailer for replacement products, it also tends to result in higher expenses. In the case of extended warranties, the options are reduced to third-party providers that have one or two high-mileage plans. For example, Ford has four levels of coverage, while extended third-party warranties may offer 8 or more levels of care. The AAA Extended Warranty Program is called the AAA Vehicle Protection Plan and covers the cost of engine, transmission, suspension, steering, and brake repairs, among other things. The good news is that you don't have to be confused when trying to understand the basic concepts and small details of extended warranties. With this comprehensive guide on extending your car's warranty coverage after it expires, you'll be able to make an informed decision about whether or not an extended car warranty is right for you.