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Extended Auto Warranty Needs Differ by Driver and Car

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describe the imageWhen it comes to insuring against future break down, there is no hard and fast set of instructions for length of coverage or pricing on an extended auto warranty. Different vehicle owners will have different standards. Some drivers are willing to pay more for total security and peace of mind, while others would rather take some repairs as they come. Similarly, an extended warranty's policies should be modified according to the car's year, make and model.

Before purchasing an extended warranty, a vehicle owner should always decide what their spending cap is going to be. When purchased as the manufacturer's warranty runs out, an extended auto warranty is usually paid for as one large lump sum. Some people will be willing to pay more than others. Someone who pays for a five year coverage at 1500 dollars total is essentially paying hundreds of dollars a month for a sense of security. Some drivers may prefer to take the risk and leave out coverage of certain parts or breakdowns in their policies. Other drivers may prefer to have everything from major malfunctions to seals and gaskets covered so that there is never a surprise expense.

An easy way to customize an extended warranty policy is to check the vehicle's statistics online. Many broker websites offer free cost estimates; all the customer has to do is plug in the year, make and model. These factors affect how much the brokers will charge for the extended auto warranty. Research will also reveal what kind of problems, malfunctions and part replacements that the car is prone toward. Once the vehicle owner knows what kind of issues other owners of faced, they can reasonably estimate the most important issues to cover in their extended warranty policy.

Some drivers want bumper to bumper coverage, but covering every possible issue is not necessarily the best idea. That can end up costing hundreds and hundreds of dollars a month for repairs that may never crop up. Instead, it's important to research the car's strength and weaknesses and to discover the best balance when it comes to payment installments versus repair coverage.
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Topics: extended auto warranty

Extended Auto Warranty Helps Protect Your Investment

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describe the imageA car, new or used, represents a huge investment of money rivaled only by payments on house mortgages. Cars, more than any other any investment, tend to malfunction at the worst possible time. Repairs could pop up for wear and tear, overheating, accidents or part malfunction. An extended auto warranty reflects the concern over losing a vehicle to breakdowns or malfunctions, and the potential costs that could break the bank of the average driver.

An extended warranty is the best way to ensure that a sudden breakdown of a vehicle doesn't result in the driver getting stranded. Drivers who can't pay for repairs have no way to go to work, pick up groceries, or take their children to school. An extensive warranty that covers breakdown and wear and tear means that the driver will not have to pay for the labor fees that come with repair bills--fees that can end up being anywhere from 60 dollars an hour to over 100 dollars an hour. In fact, aside from regular and basic maintenance, drivers with the best coverage won't have to pay for repair bills at all.

Different policies have different coverage, and obviously the price will reflect what is covered under the extended auto warranty. Bumper to bumper coverage tends to catch most problems, but it is important to go over the contract to see what is and is not covered before assuming that all repairs will be taken care of. Named and exclusionary coverage are also extensive, naming what is not covered, rather than what is. From that point on there are also policies that only cover mechanical breakdown, ones that cover wear and tear, and ones that include roadside assistance. All of these allow security and peace of mind.

As any car owner knows, the question is not whether a car will break down, but when it will break down. With good extended warranties, the vehicle owner knows that they are taken care of when something goes wrong. Instead of being caught with an empty bank at the worst possible time, low monthly payments are made to ensure that the car stays protected, maintained and in good condition. Now that's a good investment.
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Best Extended Auto Warranty - 4 Steps to Getting the Best Coverage ...

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Fotolia 30993593 SThe best extended auto warranty is the one that has to be attained with a little work and a firm knowledge of the best kind of coverage for the vehicle at hand. There are four basic steps to finding the policy that suits the driver and car and that also costs the least amount of money in out of pocket expenses. The essential steps are: vehicle research, market comparisons, choosing a dealer, and calculating what time the coverage should begin.

1) Vehicle Research: It's always important to know what kind of coverage best fits a vehicle. Year, make and model can be plugged into search engines to calculate what the car will need over time. Based on reviews and other users, it's possible to know which cars are lemons that are going to need constant care and which ones run smoothly for a long time. Some cars will have certain parts that always need to be replaced, while some will only break down when the car itself malfunctions. Once the driver has the right information about the car, they can reasonably estimate the amount of coverage they need to purchase.

2) Market Comparisons: Comparison shopping is essential to getting a good deal on an extended auto warranty. Most dealers admit that they will quote the highest rate that allows for the most coverage. If the driver knows what amount of coverage they want, they can get at least two quotes that will give an idea what the average broker will ask for as payment.

3) Choosing a Dealer: The dealer who sells the driver coverage gets a much better deal on the policy when they buy it from the factory. It's best to assume, when bargaining with the salesman, that he got it for as much as half of what he is asking. While he will try to get full price, it's important to always offer a low price and not to be concerned with low balling. Offer half of what the coverage is priced at, and be willing to split the difference and pay an amount somewhere in the middle.

4) Calculating Timing: This depends on the driver's financial situations. Some people prefer to buy the extended auto warranty when they buy the car, meaning that it becomes a small monthly payment. Other people don't mind paying in one large lump sum that starts several years after the car was purchased.
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Topics: extended auto warranty

Extended Auto Warranty Insurance Against Future Problems

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Happy warranty familyAn extended auto warranty may seem like an unnecessary expense when coupled with the cost of buying a car. However, it isn't always possible to know when a breakdown is going to occur, what will be damaged, or how much money it will cost to fix. An extended warranty is insurance for future breakdown and repair that often ends up saving more money than it costs.

The cost of an extended warranty inevitably varies on the amount of coverage required. The most basic and least expensive plans simply cover mechanical breakdown. This can be useful in many circumstances involving accidents or sudden part failures. Since many mechanics charge around 100 dollars for labor alone, the extended warranty can be a huge money-saver. However, normal wear and tear is itself an extensive category in vehicle repair and is not covered by the mechanical breakdown extended auto warranty. While extended warranties cost more, it ends up being infinitely easier to get the entirety of the repair bill covered by the warranty broker, rather than having to pay out of pocket.

The best warranties are the ones that leave no room for interpretation or loopholes. Exclusionary extended warranties are the best way to plan for any future automobile troubles. They tend to cover not only mechanical breakdowns and normal wear and tear, but also emission systems, seals and gaskets, and occasionally even problems that result from overheating. An exclusionary extended warranty lists the problems that are not covered by the broker, rather than listing the issues that are covered. The list of excluded problems should always be carefully perused before purchasing the extended auto warranty. The most comprehensive exclusionary extended warranties are the bumper to bumper warranties. These warranties tend to cost the most, but they cover the largest amount of issues and list the ones that cannot be paid for through the broker.

Planning for the future means knowing not only coverage, but also the repair facilities that are the most easily accessible. Through the extended auto warranties, repairs can only be done by the broker's specified service facilities. Customers who do a lot of traveling will want to purchase an extended warranty where repairs can be done in a wide variety of mechanical shops.

An extended auto warranty removes the fear and uncertainty over sudden or unexpected breakdowns and mechanical problems. The better the coverage, the easier it is to reasonably plan for the future. 
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Topics: extended auto warranty

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