Another reason companies use the extended car warranty waiting period is to YOUR benefit. You get 30 full days (sometimes more depending on the policy selected) to ensure you have adequate coverage. If you decide you're not satisfied or not interested, we'll cancel and refund your money. Almost all new cars come with a defense-to-bumper warranty of at least three years and 36,000 miles.
For many brands, the warranty is even longer. Usually, an extended vehicle warranty begins once the manufacturer's warranty expires, but in some cases, the two protection plans overlap. Since the factory warranty will end at some point, you might consider purchasing an extended warranty to help defray unexpected costs, but do you really need it? A vehicle service contract, commonly referred to as an extended warranty for car owners, is an optional protection plan you can purchase to help cover repair costs. Since your factory warranty will end at some point, you might consider purchasing an extended warranty to help defray unexpected costs, but do you really need it? You just bought a new car and you want to make the most of it.
Many factory warranties last just three years or 36,000 miles (whichever comes first). With extended protection, your new car can continue to perform at its best for as long as you need it. A good time to consider the value of an extended warranty is when your vehicle's manufacturer's warranty has expired or will expire soon. This usually happens after three years or 36,000 miles, depending on which one occurs first.
If you plan to keep your car beyond the manufacturer's warranty expiration, buying an extended warranty can give you peace of mind in the future. While extended guarantees seem like a good idea in theory, such additional protection can be costly. Most manufacturer's warranties cover common repairs for a short period of time or limited mileage, typically three to five years or up to 60,000 miles. Similarly, you may not need an extended warranty if you already have a trusted mechanic or have insurance that offers similar benefits.
There are often many restrictions with extended warranties, including what is covered and where the vehicle can be repaired. If you're thinking about buying an extended warranty for a new car, you might be wondering if it's a good investment. Warranty length varies by manufacturer, but many offer three-year or 36,000-mile warranties, whichever comes first. Extended warranties can reduce financial stress, especially for those who own models from unreliable brands.
Protecting your vehicle's technological systems is one of the reasons why drivers choose to purchase an extended car warranty. If you decide to buy an extended warranty, be sure to do your homework, watch out for auto warranty scams, and work with a reputable company. At CARCHEX, we'll help you understand the benefits of an extended warranty and guide you through the process of buying one. The best way to determine if you should add an extended warranty to a used vehicle is to consider its reliability.
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. If you want to buy an extended warranty, remember that the price can be negotiated, just like the purchase price of the car.