What To Look For When You Purchase Extended WarrantyCars are very expensive! Have you been shopping for a car lately? Have you noticed yet, how prices rarely vary from the $30,000 mark. That is a lot of Money! So if you are planning on buying a new car soon, you want to make sure that you protect that investment. A good idea would be to purchase extended warranty plan. The Purchase of extended warranty plans for your new automobile can be comparable to buying health insurance for yourself. So just as in a health insurance plan, when you purchase extended warranty, you put your money on the counter before the problem happens. Is the Purchase of extended warranty really necessary? Most cars come with a 30,000 mile or three year warranty, so in the beginning you really don't have to worry too much about the purchase of extended warranty. But what happens when your warranty expires. That is when you need the purchase of an extended warranty plan. Why? Well, for one many of us are not even through paying for the vehicle when the warranty expires. What happens if you have a major vehicle breakdown during that time? That's why the purchase of extended warranty offsets this type of emergency situation. What kind of purchase of extended warranty is available to me? You can purchase three types of extended warranties. Purchase extended warranty by the manufacturer. This is a factory backed extended warraty and can be used all over the country. That way you wont have to have headaches about the parts that are replaced or the repair. The only problem to this type of extended warranty is that if there is not an approved service dealer in the area, what are you supposed to do? Another purchase of extended warranty can be the dealers extended warranty plan. This type of plan is a little less expensive and you purchase and service it from your dealership. The problem is that you cannot take your car to other places. The third purchase of extended warranty can be through an independent extended warranty provider. The great thing about this type of extended warranty plan is that it is the lowest priced. And you can take your car to both dealers and repair shops. The disadvantage to this type of purchase is that you need to know that the extended warranty provider needs to be a long standing company, so that you know that they will be around, when and if you ever need to file a claim. Which Purchase of Extended Warranty Should You Make? That really depends on you and your personal needs. You should probably ask yourself a few questions before deciding when and where to purchase extended warranty Do you want to purchase it when you purchase your new vehicle? If you plan on purchasing it at the same time you purchase your vehicle, then purchasing extended warranty through your dealer is probably the easiest method. Do you plan on adding the cost to the financing of your vehicle? If so, then you want to purchase extended warranty through your dealer Are you going to wait a while before your purchase of extended warranty? In that case you may want to purchase it through an independent provider, since it will be less expensive |