Many warranties are transferable and will increase the resale value to potential buyers. Who wouldn want to own a vehicle that comes protected from repair bills?
A “mechanical breakdown” warranty offers the same coverage as a “wear and tear” warranty. If “wear and tear” is not covered in the contract, then you are probably being offered a “mechanical breakdown” warranty. There are many components in your vehicle such as piston rings and CV joints, that usually wear out instead of breaking, in which case, they would not be covered under a “mechanical breakdown” warranty. A “mechanical breakdown” warranty is less expensive and less coverage. The only way to tell what kind of warranty you are buying is to read the definitions section of the contract. As long as I have an extended warranty, I don’t need to worry about my car. Cars still need proper maintenance, as outlined in your car’s owners manual. Be sure to keep accurate maintenance records and receipts. To neglect this responsibility to your car will not only jeopardize your claims getting paid, but will also put your investment at risk. All extended warranties require that you properly maint
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