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Whats the most important thing I should know about an extended service contract?

April 26, 2017contract extended service thing

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Whats the most important thing I should know about an extended service contract?

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It is important to know the company that is promising to pay you if your car breaks down. A contract is only as good as the company that backs it. Some dealers offer service contract products other than the Ford warranty plans. For example, you can purchase Ford ESP plans (the only extended service contract backed by Ford Motor Company) or an extended service contract backed by an independent insurance company, which could be mistaken for Ford-backed protection. Be careful when considering independent plans.

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It is important to know the company that is promising to pay you if your car breaks down. A contract is only as good as the company that backs it. Some dealers offer service contract products other than the Honda plan. For example, you can purchase Honda Care (the only extended service contract backed by American Honda, Inc.) or an extended service contract backed by an independent insurance company, which could be mistaken for Honda-backed protection. Be careful when considering independent plans.