You've likely spent weeks (if not months) searching for the car or truck that you need to buy. You've lastly found your next ride, and you might be sitting within the salesman's office just about to sign on the dotted line when he brings up the topic of an "extended" warranty.
To paraphrase Shakespeare, "To buy or not to purchase? Which is the question!" It does sound great. You'll be able to get an extended warranty that can cover everything from bumper to bumper for six years or 100,000 miles. "That could save some money," you feel; but are you right? Will it truly save you any money? You are going to pay for the extended warranty, or you're going to pay for repairs within the event that they're needed.
Paying for the extended warranty is a certain outlay, whereas paying for repairs just isn't a certain thing. You will find a couple of questions that you ought to ask yourself prior to you opt for the extended warranty.
1. How long are you going to keep the car or truck? Should you plan on driving a new vehicle every three or four years, the original warranty will probably be lengthy sufficient.
2. Can you make repairs your self? In the event you can make numerous minor repairs your self, you likely don't need an extended warranty. The original warranty pretty significantly assures that the vehicle is in great working condition once you purchase it, and if everything works once you acquire the car, it will most likely continue to work at the very least until the original warranty expires.
Nonetheless, if you do determine to opt for the extended warranty, here can be a piece of money-saving advice. Do not take the extended warranty the day you purchase the vehicle. You will have a year to opt in, and in the event you wait eleven along with a half months, you'll get seven years of protection as opposed to six, because the policy goes into effect once you acquire the policy and not when you acquire the vehicle.
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This article is courtesy of Auto District, automotive classifieds featuring cars for sale , including used cars .
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