An extended vehicle warranty is a way of protecting your investment in a vehicle. If it were to break down, you wouldn't have to foot the bill of repairing it. It's a nice feeling to feel secure, but for some, the trade off of paying a monthly premium may not be worth the security.
When you take a new car off the lot and take it home, you already have a factory warranty to have for security. The extended warranty typically lasts about twice as long, but it's hard to tell whether you need it. A new car that is a "lemon" will show signs fairly soon, and the factory warranty will cover it. Once in the middle of the vehicle's life, little seems to go wrong.
When buying a used car, you won't get a warranty with it, unless it is still on the factory warranty. Instead you will be presented with the option to buy an extended warranty in which to secure your car. If the car has many miles on it, it is worth the money in most cases. A car make or model that tends to break down more than others will also warrant the need for it.
Before buying a car, you should already be reading reviews of how others have been pleased or displeased with it. Buying a car without reading feedback of others is a poor decision that can lead to you buying a "clunker." If you do happen to read reviews after buying the car that suggest trouble down the road, buying a warranty would be a great idea.
Used cars are tough to gauge when deciding if you should get an extended auto warranty. Theoretically, and old car that was not in your possession could break down at any time because you don't know how it was handled with the previous owners. You can have a mechanic look the car over fairly well before deciding to buy the car or the warranty if you don't have the expertise to judge the car yourself.
The bottom line is that you want to save money. If you are paying more money in auto warranty coverage than what you would in repair bills, you are still losing money. That's why most of the time you need to do research into the matter, and make some statistics to see when a good time would be to opt for coverage. Being logical about the situation will assure that you save the most money.
Closing Comments
Extended car warranties are a great investment if you are tired of worrying about your car breaking down. If you sign on with a good company, you can enjoy having your car taken care of for many years to come without a care in the world.
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