Should I Buy An Extended Car Warranty?
Car dealers push extended warranties for cars, also known as service contracts, because they can make a lot of money on them. While the push factor can leave many buyers feeling skittish, many extended warranties do have their benefits for car owners and should be carefully considered. To help you make a decision that’s best for you, your trusted experts at Master Auto Repair of Webster Groves have compiled a list of reasons to buy and what to look for when selecting an extended warranty.
Reasons to Buy An Extended Car Warranty
Covers Difficult and Expensive Repair Costs
Today’s cars use complex computerized equipment that makes it difficult for car owners to fix cars themselves. Repairs are costly, and a car diagnosis adds to the bill. An extended warranty can be purchased to cover electrical, technological, and computerized systems.
No Messy Paperwork
Purchasing an extended warranty from a dealership gets any messy paperwork out of the way. You also have more of a choice as to where your repairs can be done, which usually includes any dealership that carries the name brand. This is especially beneficial when traveling.
Extended warranties can usually be transferred to a new owner. This way, you’re not tied down to the warranty if you decide to sell your car. This is helpful if you want a bigger car or want a car with a different look, for example.
Peace of Mind
There’s peace of mind in knowing you have an extended warranty in the event of an emergency. You’ll also be more at ease when budgeting for car expenses.
What to Look for When Selecting an Extended Warranty
100% Money Back Guarantee
Look for an extended warranty with a 100% money back guarantee. If you’re unhappy with your extended warranty and have not filed any claims, you can request a full refund. This is typically allowed within 30 to 60 days.
Information in the Contract
Not all the information will be available in the pamphlet or brochure provided by the dealership. Read the terms and conditions in the contract, and find what is and what is not covered by the warranty.
Ask how much the deductible will be and how the deductible will be applied. This is how much money you must pay before insurance picks up some of the tab.
ASE Vehicle Repair Facility
Some warranties only pay for repairs if you go to the shop they recommend, which is ok but not preferred. See if the extended car warranty will allow you to choose any repair facility as long as it’s certified by the National Institute for Automotive Service Excellence, or ASE. In nearly every case, Master Auto Repair of Webster Groves can work with extended warranty companies. Beyond just doing the work, we can advocate for you and help you get the most from your warranty.
Don’t fret; you don’t have to buy an extended auto warranted when you buy a vehicle. Most companies will let you purchase one at any time. Still, the price for coverage will increase depending on if the vehicle is older and has more miles, so it’s better to buy an extended warranty sooner than later.