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Is Auto Extended Warranty The Right Solution For Auto Owners
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When it comes to auto warranty, there are a couple of options to choose from. Either they can go for a regular one-two year warranty or they can opt for the auto extended warranty. However the most pertinent question for any prospective client is whether such extended warranty is worth the investments made.
When one purchases a car or other automobile the choice to be made is between new and used ones. Extended warranty for cars are basically meant for the used cars. If someone feels that new cars are better and the warranty coverage for them will serve their purpose then they are sadly mistaken. New cars normally do not require much maintenance during the first 3-5 years and therefore the regular warranty is not much of use for the owner. On the other hand some of the best warranties are available for the used cars.
Is Extended Warranty the Right Solution?
There are some differences between the high quality plans offered by reliable and reputable service providers and their less expensive counterparts available in the industry. Bu the first thing in making the decision is to decide whether one needs a warranty at all. Once the same is decided in the affirmative, the next option would be deciding on regular or extended warranty. An extended warranty can be considered an alteration of car insurance and they offer most of the coverage that is offered by the insurance plans. Core concept of the warranty plan is that it makes one ready for the eventualities with affordable monthly coverage instead of any one time payment for the purpose.
For obtaining extended warranties it is necessary avoiding indecisiveness or going halfway through it. If one has decided on the car extended warranty
then there would be little point in trying to save a few bucks by opting for the partial coverage. This means that when one opts for the extended warranty he or she should get all the coverage that is needed instead of the partial coverage alone.
Attributes of Good Warranty
Some of the major attributes of good warranty are as follows.
• The terms and conditions laid down should be unambiguous and clean.
• Client should only pay what he or she has opted for and there should be no hidden executive costs.
• Amount of deductible that the client has to pay for the warranty coverage.
• Whether the warranty covers rental cars.
• Does it cover the towing?
• The warranty contract should be as detail about everything they offer as possible.
• Which are the major parts that the warranty covers?
Most of the car and automobile owners concentrate on specific parts for the automobile while going for extended vehicle warranty. For instance; when it is a power train warranty it will cover the engine, drive axel and shaft as well as the transmission of the vehicle. But one can also opt for whole vehicle coverage under the plan. Bottom line of it is that extended warranty can be very useful for the car or automobile owners.
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