You can purchase an extended warranty through a dealer or third-party warranty company that specializes in extended vehicle protection. Extended dealer warranties are purchased directly from a dealer or car manufacturer. An extended car warranty is a service contract that covers car repairs after the factory auto warranty expires. Drivers can purchase aftermarket auto warranty coverage from vehicle manufacturers or from the best car extended warranty companies on the market.
A car warranty comes directly from the vehicle manufacturer and can mean several different things. While extended car warranties differ in longevity, they usually last for three to five years. They also offer a limited amount of miles that apply to them. That's usually 60 to 100,000 total miles on the car.
While it's more common for a dealer to sell an extended warranty as “comprehensive coverage,” they may also offer less coverage that only covers powertrain components. This is especially true for used vehicles. Car warranties are rarely available on vehicles outside the factory warranty. Carefully review your documentation if you have an extended auto warranty to see exactly how long it is valid, what type of coverage you purchased, and any exclusions from coverage.
It's important to note that many aftermarket modifications can void a car's warranty, so keep those modifications in mind if you bought a used car with modifications or plan to do it yourself. Elite plans, like most extended warranties, don't cover vehicle maintenance costs. Endurance Advantage guarantees, on the other hand, yes. The Endurance Advantage plan offers one year of free Endurance Elite benefits plus regular annual maintenance, including diagnostic engine tests, tire rotations, alignment checks, and up to three oil and filter changes.
Endurance contracts have a consequential loss clause, which means that the company will only cover the components listed in the contract and not incidental or consequential damages, such as loss of time or transportation. In addition to a good price, you should look for a reputable extended warranty provider with a strong customer service history. We collected data on dozens of auto warranty providers to rate companies based on a wide range of ranking factors. You have the option of purchasing an extended car warranty that will cover your vehicle after the manufacturer's warranty has expired.
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. According to the Federal Communications Commission, automatic auto warranty calls are the most common phone scam in the United States. Expanded auto warranties are lucrative financial products that leave sellers plenty of room for maneuver to adjust costs and still make a profit from the sale. While reputable extended car warranty companies may offer decent coverage at good prices, some extended car warranties are little better than warranty scams, as they take customers' money and don't provide adequate service.
With so much to worry about, it's important to determine the best steps to take when deciding between an extended car warranty and a vehicle service contract. Every contract is different, so it's important to understand what is covered and what is excluded from the extended warranty. Respondents said coverage was the most important factor in choosing an extended warranty, followed by cost, customer service and transparency. If you want to purchase an extended warranty for your car, you should get quotes from several sources to find the best price.
CarShield sells vehicle service plans, which are similar to extended warranties, and a CarShield plan covers the cost of repairs to car systems and mechanical parts. Extended car warranties are sold by both dealers or manufacturers and third-party sellers, the latter being the type of plans we have reviewed here. You can purchase an extended warranty directly from your vehicle manufacturer or from a third party supplier. In addition to the exclusions mentioned above, such as those for routine maintenance, few extended warranties will cover the replacement of a catalytic converter, a component that normally costs thousands of dollars to replace.
If your vehicle is nearing the end of your factory car warranty, you may find yourself looking for a way to keep the vehicle covered against the ominous threat of repair costs. . .