Four questions to ask before buying extended vehicle warranty
Vehicle service contracts also known as extended vehicle warranties are typically effective after the manufacturer warranty expires. This extended auto warranty covers major breakdowns and provides compensation for most repairs. Both, the automaker or a third-party administrator offer extended vehicle warranty. An extended vehicle warranty is important as it covers most repair jobs once the warranty provided by the manufacturer expires. This warranty comes especially handy when the manufacturer stops producing the make and model of your vehicle. This leads to a shortage of spare parts of your car, increasing its repair cost. While shelling this amount from your pocket can be heavy, an extended vehicle warranty will help you cover the same for an affordable premium. To ensure that you get the maximum benefit from your extended vehicle warranty, you need to research and ask the right questions. To help you make an informed decision, here are some questions you must ask while considering an extended vehicle warranty. Who is offering the extended vehicle warranty? A number of dealerships offer third-party warranties from insurance companies. However, this is not exactly a beneficial option. Instead, opt for an extended vehicle warranty backed by the automaker as a third-party warranty may only cover repairs at the dealership or dealership-sponsored repair shops.
