Oh, the extended warranty on your car. Even the mere mention of those words may make you sneer. When you have ever purchased a vehicle, you may have been bombarded with options. It was like trying to read ancient hieroglyphs. Hey, who could blame you? It’s like buying safety nets for safety nets. Let’s dig deeper, shall We? Read more.
Imagine that your manufacturer’s car warranty expires at a certain date. Then, you are left to your own devices, or, in the worst case scenario, the repair shop. Here’s where the extended warranties come into play. Does it really worth the hard-earned money? To help me paint a picture, I have some tales of fellow road warriors.
Sarah from sunny California swore off these warranties once after a bad incident. As if she had bought a map and then found half the roads missing. The old decision cost her a large amount of money when the transmission on her SUV failed. She once said: “I wish that I’d thought of a backup plan.”
Mike, who lives in New York City, gave it a try when he purchased his first vehicle–a monster truck. He says it saved him an enormous amount of money when the heater malfunctioned in the middle snowstorm. The extended warranty kicked in when the repair costs topped four figures.
When you look at reviews, there are a lot of different opinions. Some love ’em, and have a solution for every problem. Other people find themselves in an endless line, trying to whack a mole with customer service. Reading reviews can be like reading tea leaves, as the interpretations are so varied.
Here is a wild mix of coverage. Some warranties are so comprehensive that they cover the contents of a suitcase full, while other only cover the items in your glove compartment. The warranty could cover everything from engine repairs to the mysteries that are hidden in the steering wheel. Tires and breaks, on the contrary? Often like unicorns in coverage land.
Now let’s discuss numbers. The extended warranty is a gamble, and it’s not risk-free. You may feel as if you are buying another gadget. But for those who have avoided costly repair costs, the gamble may be worth it.
Who is providing these plans to you? The dealership, third party companies and some lending agencies will all throw their hats into the ring. Always do your research to find out who’s looking after your interests. Not all vendors can be trusted as much as Lockjaw. They can disappear as quickly as a tasty ice-cream flavor. Choose those with a better reputation than a chrome bumper.
Some car lovers prefer to put money aside instead of a warranty fund. Insurance is like creating a fortress. If you’re diligent it will be strong, but if not, it will be paper thin. The option is not for everyone but, hey!, it’s up to you.
What do you think of this story about extended warranties on cars? No one size fits all. Take a look at those reviews and evaluate your choices. Then, choose the one that best fits your lifestyle. Don’t forget that it’s ultimately your journey. Just make sure to keep an eye out for any potholes in the road warranty.