If you’re asking yourself the question, should I buy an extended warranty? you’re not alone. Many drivers have a hard time knowing when they should be purchasing coverage for their cars and if the investment will be worth it. Read on to learn how you can answer this question for yourself.
Are you in a position to drop a lot of cash on a single repair? A recent survey found that 89% of cars on the road are still being driven while needing at least one repair, and most Americans say they can’t afford it when the big bills arrive.
Though new cars hold up better than used, all car owners will encounter that costly, unexpected repair bill at some point. An extended warranty can help offset those costs.
Here are other factors to think about as you consider buying an extended warranty:
Consumer Reports says that in 2016, 84% of extended warranty owners had all of their claims honored, and 82% said they’d buy one again.
So what does an extended warranty cost? It depends on your provider, protection plan, and vehicle. Paying smaller monthly payments through an extended warranty may be easier than affording an expensive repair bill all at once. If your car make and model is known to have a certain repair at a particular mileage, you can compare the costs and make an informed decision.
Simply think about the kind of person you are. Not a fan of surprises? If you like the peace of mind that comes with knowing that you’re covered when something unexpected happens, an extended warranty fits your needs.
Protecting your car is important. That’s why it’s smart to do some homework before buying an extended warranty.
Keep these things in mind:
Choosing the right time to purchase an extended warranty may save you money down the road. An extended warranty begins after the bumper-to-bumper manufacturer warranty expires. You can decide to purchase an extended warranty the day you buy the car. You also have the option to hold off until later, but it’s important to know that the price usually increases if you wait until your original warranty expires.
If you’re ready to buy an extended car warranty, here are a few tips to help you navigate the process:
Still not sure if you should buy an extended warranty? Luckily, the vehicle protection specialists at CARCHEX are here to help.
Our industry-leading extended vehicle protection plans are affordable, flexible, and offered in five different coverage levels: Titanium, Platinum, Gold, Silver, and Bronze.
All of our extended warranties include these additional benefits:
Not sure which plan is right for you? Our auto warranty and insurance experts at CARCHEX are here to help you make the best decision for your unique needs. We pledge Customer Experience Above All when you look to us for an extended warranty.
Knowing who you can trust will help you answer the question, should I buy an extended warranty? Speaking to knowledgeable representatives from a reputable company can show you how much money you can save with an extended warranty.
CARCHEX has an A+ rating from the Better Business Bureau (BBB) and a long list of industry endorsements. CARCHEX uses a consultative approach to offer you the best pricing and a variety of protection plans to suit your needs.
Call a CARCHEX specialist at 866-261-3457 to see if you should buy an extended warranty.
Consumer Reports: http://www.consumerreports.org/cro/magazine/2014/04/extended-warranties-for-cars-are-an-expensive-game/index.htm
Consumer Reports: http://www.consumerreports.org/used-car-buying/when-an-extended-car-warranty-is-worth-it/
Better Business Bureau: https://www.bbb.org/greater-maryland/business-reviews/extended-warranty-contract-service-companies/carchex-in-hunt-valley-md-23015869
CARCHEX is an extended auto warranty company that has been providing consumers with vehicle protection plans for over 17 years. Whether you're looking to extend the warranty of a new vehicle or add a warranty to a used one, CARCHEX…Read Full Article
CARCHEX offers extended vehicle warranties for new and used vehicles. We work with the top-rated warranty providers in the industry, including our own CARCHEX Care, to provide our customers with extended vehicle protection plans that meet their specific needs. Whether…Read Full Article
The cost of an extended auto warranty will vary from person to person, based on the vehicle age, mileage and extent of coverage desired. Read more to find out what the average price range is for a good quality package,…Read Full Article
If you're looking for a used car warranty, you want to make sure you're shopping with the best extended warranty companies. But do you know how to identify a trustworthy source and how to spot a red flag? The car warranty…Read Full Article
Buying a used car can have certain advantages—savings in cost being the biggest. But buying a used car without a warranty or thorough inspection can be risky. Certified Pre-Owned (CPO) programs help put customers’ uncertainty and skepticism to rest in the buying…Read Full Article
Comparing the best used car warranty companies to find the right plan for your budget and driving habits will save you time, money, and trouble in the long run. To make it easy, we've done the research for you. Keep reading for: Features you should…Read Full Article
When you buy a used car, it's possible the original factory warranty will have already expired. If this is the case and you'e worried about having to pay unexpected maintenance and repair costs out-of-pocket, an extended vehicle protection plan can help.Read Full Article
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…Read Full Article
Shopping for a car warranty is not much different than shopping for a car—you need to go in knowing what you can afford, what the best companies offer, how to spot a red flag, and how to find the plan…Read Full Article