Factory Extended Warranty Plans Are The Best TypesDo you know what an extended warranty is? An extended warranty is similar to a regular car warranty, but the extended warranty takes effect when the car no longer has a regular factory warranty. The best kind of extended warranty you can have is the factory extended warranty. The factory extended warranty can be bought just before the regular factory warranty goes out. If you get a good factory extended warranty it will cover the things that the original warranty covered, except for maintenance and belts, lights, hoses, etc.Factory extended warranties have different levels of coverage and it depends on what you have paid for. Pay Attention! As mentioned before different factory extended warranty policies give you different types of coverage and what you pay for, is what you get. Be sure you read your contract and make sure that you are getting the coverage that you really want. You don't want to walk out, thinking you have bought one thing, when you have really bought another, and worse yet, not find out about the mistake until you need a car repair. Many people get upset with the service of factory extended warranty policies because they haven't read their contracts and think that they are covered for all breakdowns, and then come to find out that they are only covered for parts failure. In other words, parts that fail only because of defective manufacturing. The best thing you can do is to take the purchase of a factory extended warranty seriously, and pay attention to what you are buying and what is being offered to you. Indications that You are Buying a Good Factory Extended Warranty * A good plan will let you use a corporate credit card to pay for services * You can choose the repair shop or dealership from a list of approved mechanics and it doesn't necessarily always have to be the same dealership * The coverage will offer a free loaner car * The BBB will have certified the factory extended warranty provider Indications that You are Buying a Bad Factory Extended Warranty * They list specific limits on repair costs * Large number of parts that are excluded from the factory extended warranty * The dealership applies a lot of sales pressure * The policy is not transferable * The company appears to be unknown and has not been in business for long. Do not worry when most plans state that the replacement parts used could be new or remanufactured, and it depends on what they think is best. Many consumers get angry at this clause, but remember it is important to remember that they are not going to pay for a bad repair job, that they are going to have to repair again in a few months time. They are only going to use the least expensive parts that will give you a good service. |