True Extended Warranties Extend the Coverage Limits of a Factory Warranty. If the original warranty lasts three years and 36,000 miles, the automaker can extend it to five years and 60,000 miles. An extended vehicle warranty usually starts when 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 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 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 comes first. If you plan to keep your car beyond the manufacturer's warranty expiration, buying an extended warranty could give you peace of mind in the future.
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. If you plan to own your vehicle after the factory warranty expiration date, an extended warranty could be a smart choice. You can purchase an extended warranty from your car manufacturer or from an external company and the price is usually the same between the two. In general, extended warranties are intended to prevent drivers from paying out of pocket for sudden repairs, since mechanical problems are not covered by other types of auto insurance.
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. State Farm also does not sell anything similar to an extended warranty, such as mechanical breakdown insurance. But there are at least as many, if not more, scammers looking to sell you a virtually useless extended warranty. A comprehensive warranty is usually the most comprehensive extended warranty you can purchase.
But like the financing they offer, dealers tend to increase the cost of extended warranties to make a profit. If you're thinking of buying an extended warranty for older cars, one of your first considerations should be price. Along with price comparisons, it's smart to consider the additional benefits that come with purchasing a CARCHEX Extended Vehicle Protection Plan. Consider how much money you spent out of pocket on vehicle costs and compare it to the average price of an extended warranty.
Although Geico does not have an extended warranty plan, it does sell mechanical breakdown insurance, which is similar to an extended warranty and covers repairs to all mechanical parts of the vehicle. But they differ from initial car warranties in that most include a deductible, just like an insurance plan. A car warranty is a contract that states that the manufacturer of your car, or the aftermarket warranty company from which you purchased the extended warranty, will pay for some repairs to your car. The best extended warranty for cars over 100,000 miles should keep you driving longer and safe from potential breakdowns, repairs and maintenance issues.
In most cases, you'll want to purchase an extended warranty before the manufacturer's or dealer's warranty expires to avoid any interruption in coverage. . .