When you buy a new car, it comes with a manufacturer’s warranty that covers most of the parts that might break down during the early years due to normal wear-and-tear. Even so, purchasing an extended vehicle protection plan is something every car owner should consider.
Otherwise known as a factory or manufacturer’s warranty, the basic warranty usually comes with new cars. It will typically cover mechanical issues and repairs, but excludes tires, emissions or exterior corrosion coverage. This type of warranty generally covers a car for a set number of years or miles, depending on which comes first.
The extended or aftermarket warranty lengthens coverage on your used car for an additional period of time, after the manufacturer’s warranty has expired. This type of warranty may cost more upfront, but offers more comprehensive coverage plans and additional benefits, such as roadside assistance, towing, and car rental reimbursement.
Purchasing an extended vehicle protection plan may still be worth looking into. Keep in mind, most manufacturer’s warranties don’t cover the more costly mechanical problems, such as engine and battery replacement. An extended warranty covers maintenance and repair costs that factory warranties do not. Not to mention, most come with additional benefits that you would have to pay another third-party (towing, car rental, insurance companies) for separately, if you broke down and were only covered by a basic warranty.
Extended warranties are best to purchase earlier on, before your manufacturer’s warranty expires. The longer you wait—the older the car gets, and the more miles you put on it—the more expensive the extended warranty will be.
CARCHEX offers competitive pricing for a wide range of extended warranty plans that provide the highest levels of coverage. Our Protection Specialists will assist you through the buying process by providing you with all the information you need, from our programs and other competing warranty companies, so you can find the best possible plan for you.
Get started today — call us toll free at 866-261-3457.
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