How to calculate the cost of the extended warranty. What you need to do is multiply your monthly deductible by the number of months your extended car warranty payment is. Then add the down payment and deductible for the average number of times you would need a covered repair. The price of the extended warranty represents a percentage of the total cost of the product.
In general, you should not spend more than 30% of the cost of the product on a product warranty. However, for many product protection plans, you can expect to pay much less than 30%. The cost of an individual car protection plan depends on many factors unique to your vehicle and your needs. While these three are the main factors that dictate the price of an extended warranty, they are not the only ones.
Most extended warranty providers generally don't cover wear items, such as windshield wipers, tires, and brake pads. The cost of a factory warranty is usually higher than that of a third-party supplier, as the dealer often acts as an intermediary, increasing the price of the policy. Endurance offers six different extended warranty coverage options with term limits of up to 8 years or more than 200,000 miles. Because repairs (parts and labor) will be more expensive for certain vehicles, the type of car will affect the price of the car's extended warranty.
The cost of an extended auto warranty will vary from person to person, depending on the age of the vehicle, mileage, and the extent of coverage desired. CARCHEX markets and sells extended warranties on behalf of third-party extended warranty providers, and your extended warranty will be between you and the supplier. Car buyers have the option of extending the factory warranty coverage of a vehicle with an extended warranty to cover unexpected repair costs. From dining sets to dressing tables and living room seating, there is a wide variety of costs and a wide variety of costs to protect each type of item at different prices.
To decide if this type of warranty is right for you and how much it may cost, we share some of the basics of extended warranties. While there are other potential factors, these top three will ultimately determine the total cost of the car's extended warranty. Also, know that an extended dealer warranty is usually more expensive than a third-party option. To review how much a vehicle protection plan or extended car warranty will cost, contact Endurance online or call us at 1-866-918-1438.