In these tough economic times a major car repair bill can be devastating to individuals and families. There is a solution that can ease concerns about any potential repairs.
Extended auto warranties go a long way toward easing the burden of prohibitive repair costs. You already carry auto insurance to defray the mind-numbing costs of bodywork, medical expenses and litigation in case of an accident. Think of an extended warranty as your “repair insurance” you really don’t want to drive without it because when things go wrong with your car, they often go wrong in a big, expensive way.
A typical new car comes with a manufacturer’s warranty offering coverage for three years or 36,000 miles, or four years or 50,000 miles. For the duration of these auto warranties, the manufacturer is responsible for repairing factory-installed parts that malfunction. Some even offer powertrain protection to cover the engine, transmission/transaxles, and drive-shaft assemblies. But as you well know, most problems don’t start surfacing until the car is a few years old, which is usually about the time that the manufacturer’s warranties run out. That’s why it’s prudent to invest in an extended warranty before your manufacturer’s warranty runs out. It’s cheaper that way, and you don’t run the risk of lapsed coverage.
Many people purchase auto warranties to shield themselves against the costs resulting from mechanical breakdown and/or failure to their vehicle. It is important to know that when you purchase a car warranty the extent of coverage, benefits, and terms of payment are particular to each individual contract. An auto extended warranty is intended to make available a level of coverage right for you. Although the main advantage of attaining a car warranty is to avoid the high cost of automobile repairs, many plans also come with additional benefits.
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Frequenty Asked Questions
Q - What is an extended vehicle warranty?
A - Also sometimes known as a vehicle service contract, an extended warranty is a plan that can be purchased by a consumer that will cover the costs of repair, parts, labor, and/or sales tax for certain repairs or replacements. They work very similarly to the manufacturer warranty that comes with most new vehicles.
Q - Can I really take my vehicle anywhere for repairs?
A - Yes, many times you can choose any dealer, national chain, or local mechanic to perform the repairs on your vehicle. You will need to consult with your warranty provider to understand their policy.
Q - Do I really need an extended auto warranty?
A - Your vehicle is a big investment. You likely spent a lot of money to acquire it. The longer it stays in great working condition, the more value you get from your investment. Extended auto warranties are designed to protect your investment by keeping your vehicle in good, drivable shape without you having to incur a lot of extra repair costs.
Considering that the average hourly rate for mechanic labor is over $100 an hour, labor alone can be a smart reason to have an extended car warranty. When you also consider how expensive parts and systems can be to fix, the choice becomes quite clear.
Q - Are auto warranties available from an auto dealership?
A - You may be able to find a car warranty at your local dealership. Typically, you can expect to pay 40%-60% more at a dealership than what you will find at Fast Car Warranty. Extended warranties from our approved auto warranty providers will be your best value.
Q - How do I get more information about an extended vehicle warranty for myself?
A - By filling out this simple form.
