The extended warranty is a service contract that provides coverage for repairs and replacements of parts after the standard factory warranty has expired. It can also cover other items, such as repairing dents, replacing keys, and the like. Extended warranties are primarily intended for buyers who plan to own their car beyond the manufacturer's warranty. The extended warranty for cars serves to continue to protect drivers after the factory warranty ends.
As an expert in the field of automotive warranties, I'm here to provide you with a comprehensive guide on extended auto warranties. As defined by the Vehicle Protection Association, an extended car warranty must be called a vehicle service contract or vehicle protection plan. This type of warranty is a service contract that extends the coverage of the manufacturer's warranty for the repair or replacement of parts. Buying one usually extends the length of coverage provided by the vehicle's factory warranty, but it's not always worth the price.
If you're not sure about the reliability of an existing vehicle or a new one from a brand and model with a less-than-stellar reputation, an extended warranty could be worth it. The national car club offers a vehicle service contract that combines warranty protections with additional services, such as battery replacement, trip reimbursement and car rental coverage. But what exactly is an extended warranty for cars? Depending on how well you know cars, there could be more than a few misconceptions about what that means. If you want more repair coverage, also consider mechanical breakdown insurance (MBI), a type of insurance that you take out with your car insurer to cover and, perhaps, pay for repairs to parts not covered by extended car warranties, according to the insurer.
While buying an extended car warranty is common when you buy a new car, you can generally get a service contract at any time before the factory warranty expires. Like many terms in the automotive industry, an extended warranty for cars comes with loaded and confusing definitions. Extended warranties can reduce financial stress, especially for those who own unreliable brand models. Vehicle service contracts, often referred to as extended warranties, are a tempting option for consumers buying a used car or for those who want to extend coverage for a new car.
If you're buying an extended warranty for an existing vehicle, you can also get a service contract with your car club (AAA, for example). If you want to buy an extended warranty, make sure you buy one from a company with a long history, such as through a car manufacturer, and that you understand the small print. The most common question that Endurance is asked beyond what an extended car warranty is is whether or not they need it. The general view when buying extended coverage for vehicles in the form of a vehicle service contract is that the only thing that matters is the lowest price.
However, service contracts generally only cover problems with electrical or mechanical parts, specifically those that are not covered by manufacturer warranties. If you end up buying an extended warranty, look for a reputable manufacturer, dealer, or independent supplier that offers extended warranties for cars.