Extended warranties for cars can be a real comfort for drivers if something breaks down. Most new cars come with warranties but because the brand new car has very few issues, most often it is not even used before it expires.
This brings the need for extended warranties which can be a life-saver for used car owners. Because older cars tend to break down more often a warranty can save you big bucks.
The difficult part is that extended warranties for cars can be extremely confusing. The small print on the contract can be overwhelming.
Because of this, most people simply take the advice of the car salesman and purchase the warranty that is put in front of them. This may end up costing you in the long run.
So, let's make things a little easier for you.
Here are some things you should look for when purchasing an extended warranty for a car.
Some are offered at 0 percent and obviously this is the most attractive warranty there is. Remember that even if the warranty is offered at 3 percent, this can add up quickly with more expensive repairs. Finding the lowest percentage is most cost effective.
Next, be sure that the warranty includes road-size service as well as towing. It is not often that a car breaks down in the parking lot of a mechanic's shop so it is a smart thing to have these helpful services included in your extended warranty. Towing your vehicle can be quite expensive.
Another helpful feature is lock-out assistance. This provides service in case you lock your keys in the vehicle and have no other way to get in.
As well, some extended warranties offer car rental free for its carriers. If your repairs put your car in the shop for 4 or 5 days, renting a car out of your own pocket will cost you plenty of green.
Something else that is important to check on is their claims system. Paying for an extended warranty should leave you with peace of mind. Having to fork out the money for repairs until the claim is paid out can be a real pain in the neck.
Be sure that the warranty doesn't limit you to only one or two repair shops. There are warranties that expect you to use a mechanic that they have partnered with and this can become a real inconvenience. Find a company that can be used no matter where ever you are.
Ask if you can transfer the warranty should you sell this car and get a new one. If they will not transfer it, ask if they will give you a rebate should you sell the car.
For the repairs that the warranty covers, discover if they pay for it in full or only a percentage. Some warranties make it sound like the repairs will be covered but in actuality, you end up paying the higher percentage.
Extended warranties for cars can be confusing so be sure that you understand what you are signing up for.
Do you want to learn more about the Art and Zen on how to save money on your next vehicle and get the best terms?
If so, I suggest you check this out: This Boise Used Car Dealer Caught The Competition Napping.
Or maybe you don't believe there is a better way to purchasing a car and you truly believe that all used car dealers are the same!
If so, then check this out: The Big Question?