Getting the Best Extended Auto Warranty

So you've decided that it might be a good idea to purchase an auto extended warranty. That's a wise decision, but let's be sure that your get the best auto extended warranty, so that you never regret your decision. What should you shop for to find the best extended warranty for your car? Let's take a look at some helpful tips: First, remember that you can purchase an extended warranty at the time you buy your car, but it's also possible to buy one well after that. As the cost of car repairs continues to increase, you might decide later to buy an extended auto warranty – not necessarily right when you buy the car. Look at any existing warranty that you have on the vehicle. How much longer will it last, and is this time frame similar to how long you plan to keep your car? If you plan to keep the car longer that the existing warranty will last, an extended warranty makes sense. Now do some research on how reliable your car is and what types of breakdowns and repairs are common for it as it ages. Of course, this is no guarantee that your car will or won't break down, or even what kinds of problems you'll experience with it, but it's a good way to make some reasonable predictions about what kinds of repair bills you might be facing in the future. Take a look at the warranty company that is backing the extended auto warranty that you're considering. Manufacturer backed auto warranties are usually pretty easy to use, but might be pricey. After-market warranties are sometimes less costly, and can work just as well. The key here is to know how strong the warranty company is, and you can find that out by looking for its Standard & Poor's or A.M. Best rating (an “A” is the best possible rating). Now check out the deductible. Your extended car warranty is really a sort of insurance policy and it may come with some sort of deductible, so consider the amount and also whether it's a per repair deductible or a per visit deductible. This can make a difference to you in the long run. Check out whether the extended warranty is transferable. It's nice if it's transferable because that can make for a good selling point when you do go to sell your car. See if you can have repairs preformed at any shop, or only at the dealership where it was purchased. It's good to get a warranty that gives you more than one choice for repair shops. Finally, find out exactly what's covered. And find out what is not covered, too. Make sure that your extended warranty covers what you need and want it to cover. You can even compare different warranties so that you have a good idea of what's available. Also find out if you have to pay upfront for repairs, and wait for reimbursement, or if the warranty company pays your bill for you. That's a lot to explore, but if you're planning to buy an auto extended warranty, it will be worth it to you to take the time to shop for the very best one.


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