Expand Highlight Warranty For Free

Once your warranty expires, it'll be up to you to pay for repairs. Now might be the time to break from your manufacturer's service schedule found in your manual, and tighten up the intervals between inspection and maintenance appointments.

Third-Party Extended Auto Warranties You can purchase an extended auto warranty at any time, although waiting until the original factory coverage has expired will generally mean paying a higher premium rate. The most advantageous time for purchase may be near the end of the original warranty term.

When it comes to the long-term cost of your car, extended warranties are generally ?a bad deal,? says Gillis. In a Consumer Reports survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.

While it may sound like a good idea in theory, extended warranties often come with a high price tag and don't necessarily cover everything that could go wrong. Plus, many people who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return.

You can purchase an extended warranty through a dealership or a third-party warranty company that specializes in extended vehicle protection. Dealership extended warranties are purchased directly from an auto dealership or manufacturer.

When it comes to the long-term cost of your car, extended warranties are generally ?a bad deal,? says Gillis. In a Consumer Reports survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.

An extended auto warranty is a service contract that covers car repairs beyond the time period of a manufacturer's warranty. These warranties typically cover the costs to repair or replace electrical or mechanical problems that are not covered by manufacturers' warranties.

A limited warranty can mean virtually anything the manufacturer decides, so it is important to fully understand the meaning of ?limited? and read all fine print. Lifetime ? A lifetime warranty is a warranty against defects in materials and workmanship that has no time limit to make a claim.

Regardless of whether you own a used or a new car, extended warranties are perfect if you need extra coverage or can't afford the expense of unexpected repairs. Once a factory warranty expires, it might be difficult to pay for the cost of necessary repairs, replacement parts, and labor without an extended warranty.

You can purchase an extended auto warranty at any time, although waiting until the original factory coverage has expired will generally mean paying a higher premium rate. The most advantageous time for purchase may be near the end of the original warranty term.