Essential Tips for Buying an Extended Car Warranty
Buying a new car (brand new or previously-owned) can be a very exciting and stressful affair altogether. It is exciting because you’re now a proud owner of a new car, SUV, or truck. At the same time, it is frustrating because you now have to search for the best-extended auto warranty company. To effectively take care of your new car, a vehicle service contract is very important.
Therefore, in this article, we’ll take you through some tips on how to buy the best car warranty for you. Keep reading!
Determine If You Really Need It
First of all, you should figure out if buying an extended car warranty is necessary. If you’ve just bought a brand new car along with the limited manufacturer’s warranty, you definitely have to ask yourself if you intend to keep the vehicle for the duration stipulated in the original warranty.
If you’re not planning to keep the car beyond this duration, then don’t bother yourself with an extension. Another thing to figure out is the reliability of your vehicle. If your model is known to be less reliable, then an extended warranty is a definite must-have for you.
Choose a Reputable Brand
Since you’re paying top dollar for the services you’ll most likely receive, it’s advisable to settle for a reputable brand even it means paying a bit extra. Make sure that the company’s financial base is stable enough to pay for your claim in case you need it.
Money matters aside, also find out about the quality of service being offered by the company. You can get more information from sources such as the Better Business Bureau which is filled with lots of past client reviews. All in all, the reputation of the company is critical.
Look for Lengthy and Affordable
Looking for a company that offers you lengthy coverage along with affordable pricing is very crucial. In fact, you’ll find some companies offering you up to 18 plans of coverage. That being said, the average cost of the most affordable companies in the market should be around $0.02/mile.
To add to this, you should also find the coverage options to be user-friendly. Reputable companies will offer you up to 5 coverage levels with 18 available contracts. All in all, the kind of policy plan that you’ll get will most likely depend on the number of miles already covered by your car.
Read the Contract
You don’t want to settle for a company that offers you long and difficult contracts to read, do you? In fact, this is one area where most car warranty companies get it wrong. Contracts that are long and difficult to comprehend can be an immediate put-off to most potential clients. In short, you should carefully read through your auto contract before signing. This is where a clear and concise contract comes in handy.
Know Your Perks
Ensuring that you get the most out of your policy is also another vital factor to consider. Apart from negotiating the price, the number of perks attached to your extended warranty can turn out to be a real game-changer in the future. Your car warranty should include things like towing to the repair shop, roadside assistance, car rental reimbursement, and travel expenses – to name a few.
In conclusion, getting the best car warranty can save you lots of money in the future. Keep in mind that you’ve paid thousands of dollars for your vehicle, and just like with any other investment, you certainly need to give it proper coverage. If you follow the tips mentioned above, we’re sure you’ll get the best service protection plan.