Friday, September 20, 2013
Auto Extended Warranty Policies
An extended auto warranty is a service contract that allows a vehicle owner to be covered in case vehicle parts need to be repaired or replaced. Extended auto warranties are different from most basic auto warranties that come with a new vehicle -- extended warranties typically must be purchased separately, on top of the vehicle purchase price.
Benefits
A buyer who expects to own a vehicle for a long time may benefit the most from an extended auto warranty. Such warranties offer savings in the long term, especially if the vehicle needs several major repairs or many components must be replaced.
Coverage
Extended auto warranties vary in the extent of the coverage provided. Some extended warranties only cover parts that break, not parts that need repair because of general wear and tear. Some extended warranties do not cover problems with overheating -- if a vehicle overheats due to a faulty radiator, the extended warranty would not cover replacing the radiator.
Payment
Extended auto warranties vary in the way payments are made to the dealership that performs the repairs. Some warranties pay the dealership directly, while others require the vehicle owner to pay the cost of the repairs up front, then wait for a reimbursement from the warranty company.
An important part of any car purchase, that nobody really talks about.If you are going to get a car for the first time. One need to really consider these points.
ReplyDeleteWarrantech