Auto Warranty Facts

New cars right now cost an average of $27,000 – that takes both low cost and specialty cars into account, as well as the mid-price models that most people purchase. At this kind of price, people expect their vehicle to work correctly and last for many years. An warranty usually comes from the dealership with a brand new car, but many people are opting for an extended warranty to add more protection to this significant investment. There are some things to keep in mind when shopping around for an extended Auto Warranty, though.

Is an Extended Warranty Necessary?
Around 30% of vehicle owners are buying extended car warranties right now. This is to guarantee that they will not have to pay for repairs within a certain number of years or miles. If you put more than 10,000 miles on your vehicle annually or intend to use your vehicle for many years in the future – that is, you won’t be trading it off within just a few years – an extended car warranty would be a great way to protect it.

Finding a Warranty Provider
There are three basic avenues to purchase an extended warranty through: the manufacturer, the dealership, or independent providers. Each has its own benefits and disadvantages. Buying an extended warranty through the vehicle’s manufacturer means that the factory will repair your vehicle anywhere nationwide without having to haggle over the quality of parts or prices. However, this avenue usually has a higher cost up front. Purchasing an extended warranty through the car dealership provides a lower up front cost and the convenience of buying the warranty plan at the same place the vehicle was bought. It also means that you might end up with that dealership as your one and only service location, though. Buying an extended warranty via an independent warranty provider usually has the lowest costs and covers repairs through many dealers and local auto shops. Some of these independent providers are short-lived, though, and may not exist five or ten years down the line. It is important to decide which way is right for your unique situation.

Know a Good Warranty When You See It
If you want a bumper-to-bumper warranty, which provides the most coverage but also costs the most, everything on the vehicle will have coverage in the event that you need repairs performed and your deductible payment will be quite low. If you choose a warranty that has a higher deductible for each repair, it might make your up front cost lower, but keep in mind that you will pay a great deal more on repairs. Always make sure that your warranty is renewable as well as transferable.

Reading the Fine Print
Be sure to read any fine print that might apply to the warranty you are considering – you don’t want to get taken by surprise by a bit that you did not pay attention to when needing repairs by finding out that those particular repairs are not covered. Also find out whether you will be required to pay cash up front and be reimbursed later. Every warranty plan is different and each warranty will have different requirements and stipulations.

Take care that you are not pressured into purchasing a plan by anyone, even if it the dealership where you are buying your vehicle. An automobile is a big investment. Be aware of your options and shop around. While extended car warranties offer a great deal of peace of mind, you must first be comfortable with what it provides.
 

 

Car Warranties from US Direct Protect

Car Warranties

No one thinks they need insurance until they actually do, and by then it is too late.

How many times have we heard this phrase, but not acted on it, because of acute “it’s not going to happen to me” -itis? There is actually a name for this risk mismanagement that people are so prone to — the Gambler’s Syndrome.

Las Vegas is still in business because of this syndrome, and many people are in dire straits because they did not heed the good advice to properly insure their large assets, the assets that most paycheck to paycheck families and individuals can not afford to do without.

The automobile, the second most important asset for the average consumer, in many states is required to be insured because even the government recognizes the economic losses which would stem from losing such a valuable piece of everyday life. However, there is a much cheaper way to protect an automobile against future repairs — the warranty.

Car Warranties are a much less invasive, much more comprehensive way to protect a vehicle from its inevitable breakdowns, and the most financially responsible way to protect the owner from sudden, unexpected repair bills which can put a serious damper on a lifestyle, ruining everything from that well deserved vacation to that medical bill that needs to be paid yesterday.

Most new vehicles come with limited car warranties which protect the owner against buying a lemon, but let the buyer beware: Depending on the situation of the owner, a new car warranty may be the more correct investment.

Any investor will tell you that up front investments are the way to go in the long run, because along with the securing the future value of that investment, getting the full payment out of the way up front adds an invaluable asset to any portfolio — peace of mind. If the owner knows his or her car is protected, then they can go about their daily lives in a much more relaxed fashion, which will definitely come through in daily interactions. And should a situation occur, there are no hassles with the insurance company, no policy changes to worry about, and above all, no nickel and dime calculations about whether the repairs are high enough above the cost of the deductible to warrant them being done. The automobile warranty gives solid, dependable terms upon which the automobile owner can hang his hat on a daily basis.

If you are considering purchasing something that you are depending on getting you home, to work, and to and from your loved ones, should you not consider properly protecting that asset? Give yourself the peace of mind you deserve by purchasing the correct car warranty for your unique situation.

The Different Types Of Auto Warranties Available and How to Avoid Lead Companies

Many people who go to purchase auto warranties haven’t thought about what they need and end up making impulse purchases. In doing this, lots of money can be wasted, defeating the purpose of opting for the purchase. There are a few different types of policies available and they all have their pros and cons. It is important to figure out what is needed and what each policy offers before procuring the plan and getting an auto warranty quote.

In knowing what to buy, it depends heavily on what sort of car is being considered and how often that car is driven. For cars that are not driven long distances very often, more basic plans are available. They are probably less prone to damages, and thus, there is no need to splurge on the costly monthly charges. Instead, the owner should get a plan that covers the powertrain aspects of the vehicle to prevent having to pay for any transmission or engine damages.

On the other hand, if the vehicle is, perhaps, a large van or truck which is frequently driven across several states, a more comprehensive plan is probably the best option. Granted, this type of policy is going to be a bit more expensive. However, it will be cheaper in the long run because more nominal aspects of the vehicle, like the heating and cooling, would normally be expensive to repair but will be covered in the policy.

The driver might want to consider how the company of the policy will pay for the bill. Some warranties require that the driver pay the costs up front and wait for a reimbursement. Others will submit bills directly to the company, but this may take more time. The driver needs to consider whether or not this is an important factor, and make a decision accordingly.

Another question the driver should ask himself is: will my trusted mechanic be able to fix my car under this policy? Some companies are very specific about which repair shops are and are not going to be paid under the warranty. Many people would rather go to a mechanic they trust, so this may be a huge deciding factor. All this information should be made available prior to the purchase by the warranty company.

There are lots of things to look for in auto warranties to ensure that the buyer is choosing the right one. Every consumer has his or her own specific preferences, and there are so many warranties available that they should be adhered to with no problem. It is always important to keep the budget in mind, however, and to practically consider the needs of the vehicle that is intended to be insured.

Reasons to Get Vehicle Warranties

Many car owners are looking for ways to ensure that their vehicles are safe and protected through regular maintenance and carrying out necessary repairs. Vehicle Warranties help in ensuring that the users do not have a hard time when it comes to this by providing a number of benefits to the users. Users can check out a number of car warranties so that they ensure they have selected the ones that are suitable for their needs.

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