warranty

All new cars come with original warranty provided by a car manufacturer. This original warranty covers most of the vehicle components for a certain period - most commonly, three years or 36,000 miles. After the original warranty expires, you will have to pay for all repairs out of your pocket. This is when an extended warranty may be helpful. An extended warranty is basically a service contract between the car owner and the warranty company. According to this contract, the warranty company will pay for the repairs covered by the contract for a specific period of time. It's something like health insurance for your car. With an extended warranty you are protecting yourself from unexpected repair costs.

For instance, you bought a used car that is out of original warranty and the transmission fails. If you don't have an extended warranty you will have to pay out of from your pocket, transmission repair may cost you more than a couple thousand dollars. If you have a good extended warranty, it would cover most of the repair costs - in some cases you would only have to pay a diagnostic fee, or a deductible, depending on the type of warranty you have.

However, not all cars are qualified for an extended warranty and not everything is covered. Items like belts, brakes, tires and other wearable parts are usually not covered. Also, you still have to maintain your car properly and keep all the receipts. don't need an extended warranty, I'm covered by the manufacturer".

When your Ford warranty expires, that's when all hell can break loose. You could be exposed to large repair losses. Auto extended warranties have benefits like towing, car rental, toll free assistance, trip interruption, lost key lockout. Once the manufacturer warranty ends, the extended warranty picks up for another few years. It's crucial to buy auto warranties early, right when you buy the car, it's the cheapest. Just like life insurance, the longer you wait, the more it will cost, so if you plan to buy a warranty, lock in your savings now while your car is young and healthy. Danger Will Robinson: As more repair data surfaces on your Ford, BMW, Kia, Dodge or Chevrolet for example, vehicles are placed into higher rate classes. Once you buy your extended warranty, your rate class can not change. Get it now, not later

You must decide if you need that BMW extended warranty. The cost to repair today's complex vehicles is rising. If you lease your Honda for 36 months you don't need extended auto warranties, and it's a scam for a dealer to sell you one. If you got suckered into a 60 month auto lease, you should buy a Honda extended warranty, as you are responsible for all repairs. Auto extended warranties protect yourself from inflation later when you need repairs. Like insurance, if you don't buy it, you'll be looking over your shoulder. The most common repairs are A/C, transmissions, and electrical. Most people buy their auto warranty because they know 10 minutes after the car maker's warranty expires, the antenna motor will fail. That's $200-$1000. window motors cost $600-$1000. One covered failure can pay for the cost of the extended car warranty

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