How Do You Buy An Extended Car Warranty?
• Determine how much risk you are prepared to assume by assessing the risk and potential cost of major breakdowns. • Evaluate whether an extended car warranty can increase the resale value of the vehicle. • Estimate the cost of repairs without the warranty and compare to the cost of the warranty over the period of the coverage. • Evaluate your average annual mileage against the manufacturer’s basic warranty and determine if an extension is really needed and/or required. • Evaluate your ability to minimize repair costs. If you are a do-it-yourself person, you may not really benefit from an extended warranty. • Determine if there are any hidden warranties covering the vehicle. Occasionally manufacturers will make exceptions in their warranties to cover special problems or defects with their products (like the engine). Consider who is providing the extended car warranty, the dealer, manufacturer or some other company? A reliable coverage should be maintained by a financially sound reputab
