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
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