Extended car warranties are a great way to protect your vehicle from costly repairs and breakdowns. They usually cover your vehicle for between two and seven years, depending on the plan you choose. If you plan to keep your car for several years, a longer-term plan might make sense for you. Even if you sell your car before the warranty expires, your extended protection plan may be transferable.
When it comes to extended warranties, there are a few things to consider. First, you'll want to make sure that the coverage period is long enough for your needs. The extended warranty coverage period is the period between the first day and the last day of coverage, as specified in the contract. You'll also want to make sure that the plan covers all of the components that you need it to cover.
If you don't need an extended period of coverage or an inclusion list, for example, you can keep your costs down by looking for a plan that offers minimal coverage. Your own driving record can also have a positive impact on the cost of an extended warranty. A good time to consider the value of an extended warranty is when your vehicle manufacturer's warranty has expired or will expire soon. This usually happens after three years or 36,000 miles, whichever comes first. If you plan to keep your car beyond the manufacturer's warranty expiration, then buying an extended warranty could give you peace of mind going forward. There are several types of warranties for cars, including bumper-to-bumper, declared component, powertrain, powertrain, corrosion, emission control, wrapping and accessory warranties.
These warranties generally only cover body panels that have completely oxidized, without covering the slightest corrosion. Without a fuel-powered engine to cover, these guarantees typically protect the vehicle's battery against capacity problems. We use several third-party auditors to check the latest extended warranty options or to new companies that come into play from time to time. The additional benefits offered by each supplier can also add some value, as factory warranties tend to be excluded from extras. A vehicle service contract, commonly referred to as an extended car warranty, is an optional form of protection that you can purchase to help cover the cost of repairs. These warranties are often complex and guarantee some parts for shorter periods and others for longer periods.
Depending on the age of the vehicle, you may find additional plans, such as powertrain warranties, which also protect the most important parts of a vehicle as it ages. For more information on extended warranties and how they work, check out WalletHub's guides on insurance against mechanical breakdowns and extended car warranties.
