Cars are just like many other assets whose nature is to depreciate over time. That means that the condition and form in which your car is now won’t be the same for 5 years to come. Throughout ownership, problems begin to click. Ranging from minor issues such as faulty wheel alignment, brake failure, and poor acceleration to major problems such as engine overheating and transmission skipping. While these problems come along, you end up spending hard on fixing and replacing them where needed.
Gladly, most brand-new cars will come with a factory warranty. This Is a warranty put in place by the carmaker to cover workmanship failures. In case a fault happens on either the mechanical parts or electrical components, the carmaker will be responsible for the associated cost. This warranty means in a way that it does not last that much. Most factory warranties come range from 3 years to around 10 years. What happens when you need to keep your car past that period?
Have you heard of an extended car warranty? Well, extended warranty is a contract sold by car dealerships or third-party vendors whose role is to play an extensive role, just like the factory warranty. In most cases, when shopping for a brand-new car, you are likely to come across an extended warranty being offered as an extra add-on. You might ignore it, but that ok because you might be missing more information about it. However, you have to understand that an extended car warranty is of so much importance to the car as well as the car owner.
Any threats to the car in the form of sudden, costly repairs won’t be a thing to worry you anymore. Extended warranty plans are built specifically for that. Costly burden related to the car’s well-being won’t be much of a problem any longer. A car extended warranty cushions car owners to a large extent, and one only pays a small deductible to cater for the repairs.
Extended warranty for used cars.
Since not car owners don’t drive sleek and brand-new cars, there is quite a huge number who prefer to go for used cars. There are many reasons for going for used cars; among them is to cut down on cost, less maintenance, and just personal preferences. Used cars will also need protection just the same way a brand-new car needs protection. When going for a used car, you can get one with its active factory warranty, while some don’t.
To those models with no factory warranty, there is a way of gaining protection, and that is through the purchase of a used car extended warranty. On top of that, you can get an extended warranty even for that used car that still has the factory warranty. However, once you get a used car with an extended warranty, ask the seller to transfer it to your name. Now in case you are wondering how to go by when purchasing an extended warranty for your used, below is a clear procedure.
#1. Find the perfect extended warranty provider.
This is the initial step to begin your quest to purchase an extended warranty for your used car. You must set aside some time for thorough research and market analysis. Doing so will help you find the best-extended warranty provider with the best car extended warranty plans that meet your needs. Also, check out reviews of the provider, plus their records and history. If everything seems just perfect, then that is a green light. You choose to get the extended warranty from a dealership when the factory warranty of the used car is still active or get one from third-party companies. Companies such as Carshield, Protectmycar, Autopom, and Endurance are the most trusted and recommended you got to check out.
#2. Weight out different quotes and prices
That follows after you’ve scoped through the providers’ list and found potential companies to deal with. You then have to inquire for a free quote. That will put you up to speed with the plans offered, duration of coverage, parts covered, deductible, and the price of the plans. Then do the same for different vendors and weigh them out to find the absolute extended car warranty seller you can buy from.
#3. Please read the contract keenly and understand it before signing.
Once you’ve selected the provider you can source a plan from, you can begin the final stage. That is signing the agreement. In this phase, you must read the agreement keenly and understand it. In case of any doubts, do not forget to inquire. Once totally assured, you can head over and sign the agreement.
Used cars are now becoming common on the most road of late. One reason behind that could be the high cost of purchasing new cars. Now the option remaining is going doe used cars. You can get a certified pre-owned car from a dealership or directly via a seller. The choice is yours.
As you plan on doing so, remember that your used car needs protection. That is protection from any unforeseen costly breakdowns. What you must have is an extended warranty. All used cars can be covered regardless of the model, mileage, age, or conditions.