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Extended Car Warranties Choose Wisely

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auto familyIt is no secret that we live in a world full of risks.  Plotting out the best ways to protect oneself can be a stressful, often times mysterious endeavor.  In the automotive world things are no different as choices range from selecting adequate safety features to proper insurance coverage.  While personal safety and well being are without question the primary concern of any driver, personal finance undoubtedly finishes a close second.  A car extended warranty/VSC can protect your finances in case of costly repairs, just like an insurance policy can protect you if an accident takes place.  It is a quality investment for any driver who is  worried that impromptu repairs might land their checkbook in a world of trouble.   Where to acquire an extended warranty/VSC, however, is a question that requires the same amount of time and attention to detail as selecting proper insurance coverage or vehicle safety features.

The first things that should be considered when looking to purchase a car extended warranty/VSC are what services the warranty covers.  Warranties vary significantly in this area, with the better coverage warranties paying for the costs of repairs to gaskets and seals, electronic equipment, and wear and tear coverage; while less effective warranties only provide funds for repairs to parts that literally break. Other services that may be offered by warranty packages include 24/7 roadside assistance for things like towing, flat-tire repair, fuel and fluid delivery, and lockout service.  Make sure when shopping for a car extended warranty/VSC to consider all of your options. Don't settle for a plan that doesn't include all of the features that are important to you.  After all what's the point in spending money on peace of mind if it doesn't address all of your concerns?

Another effective tool to use in the search for your best possible car extended warranty/VSC is the rating designated by A.M. Best.  A.M. Best is a company that rates insurance agencies and has been doing so for over a century.  Because extended warranties/VSC must be backed by an insurance agency, the A.M. Best rating can help determine the validity of a warranty you are considering.  The top warranty institutions will have an A rating. 

These are just a few of the things you should consider if the added safety net of an extended warranty/VSC interests you, for more information contact an industry professional and be sure to ask plenty of questions.



 


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Three Advantages of Purchasing A Used Car Extended Warranty ...

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Many people wonder whether it's a good idea to purchase an extended car warranty/VSC on a used vehicle. The obvious answer should be a question. Why wouldn't it be a good idea? There are many advantages to purchasing an extended warrantyVSC. Whether to purchase one should be a 'no brainer'. The following three advantages are three good reasons why.

1. When the warranty that came with the car runs out, then what?
The warranty that came with the car at the time of purchase may not cover the car from bumper to bumper, and every warranty is different in terms of the number of years and miles covered. Therefore, it's wise to have an extended warranty/VSC in place in case:
  • The standard warranty doesn't cover a particular need or item that can be covered under an extended warranty/VSC.
  • A problem arises after the standard warranty expires. For example, the warranty on Mr. Doe's automobile has run out. Shortly thereafter, the automobile that has never caused a problem needs to have a new transmission installed.  Unfortunately, Mr. Doe doesn't have the money saved to fix the problem. For a small investment, an extended warranty/VSC will cover a new transmission.
Also, keep in mind that purchasing an extended warranty/VSC while the standard warranty is in effect isn't such a bad idea, because providers, knowing that the original warranty is still valid, will charge less because there is less risk involved. 

2,  Usually, an extended warranty/VSC will include towing and roadside assistance.
There is nothing worse than traveling in a strange place on a strange road only to have your car break down. With an extended warranty/VSC, towing and roadside service is most likely part of the package. As long as the driver has a cell phone, there is no problem. A repair man will arrive at the site and fix the car or tow it to a garage where it can be repaired. 

3.  An extended warranty/VSC gives a car owner peace of mind knowing that a team of professionals  will handle a claim and deal with repair shops. They will handle everything from parts to fees, while a driver can sit back and relax. If he doesn't wish to relax, he could also take advantage of driving a rental car while his car is being repaired, because many extended warranties/VSC will cover that cost as well. 


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Protect Your Future Finances with an Extended Auto Warranty

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happy car ownerThere is nothing more frustrating than having car problems.  It's almost as if cars have a mind of their own, always waiting for the worst possible moment to quit on us.  Most people already have enough bills as it is, and car repairs are rarely cheap.  For those who like to minimize their expenses, getting a car extended warranty/VSC is the way to go.

 

Extended car warranties/VSC take away the stress when problems arise with a vehicle.  Simple things like a faulty transmission can cost those without extended warranties/VSC hundreds, even thousands of dollars.  Those covered by extended warranties/VSC can have their cars repaired at little or no cost to them. 

 

There are many different types of extended car vehicle warranties/VSC, each with its benefits.  It would be wise for car owners to compare different warranties and figure out which one works best for their individual needs. As long as the car extended warranty/VSC covers main components of the vehicle like the engine and transmission, repairs on the vehicle should no longer be a stress-full event.

 

Considering the costs of extending a car warranty/VSC, most would consider it a good investment.  Not only do extended car warranties/VSC keep a vehicle on the road, it significantly reduces the stress levels of the driver.

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New Car Extended Warranties

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happy familyWhen new cars leave the lot, the owners have peace of mind.  After all, the car has a warranty on its many mechanical parts.  Eventually, that warranty will run out and the owner will have to decide whether or not he or she want so purchase extended coverage.  A car extended warranty/VSC has many different benefits.

If a driver decides to purchase a car extended warranty/VSC, they will have coverage on many of the breakdowns that could occur.  Since cars are becoming more technologically advanced with the times, it is no longer easy to make repairs.  Warranty coverage can be cheaper, easier, and safer when it comes to breakdowns on the side of the road.

Purchasing car extended warranty/VSC is like buying an insurance policy.  The drive may never use or need the warranty.  However, if the car in question does break down, the warranty comes in very useful.  The driver needs to think about the various costs involved.  While an extended warranty/VSC will cost extra money upfront, repair costs if the car were to break down will likely cost much more.

There are two basic types of extended coverage on the market: personal and vehicle.  The vehicle option allows the drive to get assistance when the vehicle breaks down, no matter who is driving it.  The personal coverage will help the driver in any vehicle, whether he or she is driving or simply riding along.  Vehicle coverage is cheaper but the personal coverage is the best value for the money.

The key to buying extended warranties/VSC is finding the right policy.  There may be one or several options with various membership benefits.  It is a good idea to examine the differences and weigh the options before signing on to any deal.  Check into repair costs on the specific parts on the car and compare them with the cost of the car extended warranty/VSC.  Eventually, car parts wear out.  It is only a matter of time before something will break or fail completely.  Repairs are inevitable so in the end, warranties help defray those costs.
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How Much Should I Pay For Extended Warranty? - PriusChat Forums

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ToyotaWhen getting your car extended warranty/VSC, you are going to want to ask yourself a few questions, namely: How old is my car? Does it have manufacturer warranty on it? How long am I planning to have the vehicle? Lastly, how much wear and tear am I going to see on this car?

 

How you answer will tell you how much you specifically are going to want to, and should, pay for your car's extended warranty/VSC.

Now, the lower the mileage on your car, the lower the cost of warranty. As you use a car, the warranty price will go up, and the manufacturer warranty will run out. So, always check for manufacturer warranty. Usually it will cover the first 3 years or 36,000 miles. Buying an extended warranty/VSC is for the purpose of extending the duration of that warranty, or for getting additional coverage. Some vehicles will have great manufacturer warranty, others will cover the bare minimum, like faulty parts. Look for exclusionary policies that gives you a short list of what they don't cover, as that means they cover everything else.

If you plan on holding on to the car for say 2-3 years, and the manufacturer's warranty is pretty decent, you might be set. If you do get extended warranty/VSC, make sure to check if the warranty can be transferred.

The length of time you might foreseeably be holding on to your vehicle will also tell you how much wear and tear you might see happening. Good extended warranty/VSC should cover you for this.

When shopping around for your car's extended warranty/VSC, you're going to be looking for a) an exclusionary policy, b) one that has nationwide coverage where you to choose where you go (and lets you pay directly to the repairer), and c) says who covers additional expenses like time and labor costs of the repairer. Buying warranty through your dealership might not be the best, as they often are just in-between sales persons.

 

The Toyota Prius, being a hybrid, can start adding up in out-of-pocket expenses once your 3-year manufacturer warranty runs out. Get it covered before that happens. As with all things, you do get what you pay for, and so you're going to have to weigh what you really need covered, versus excess stuff. $1600-$2000 is certainly reasonable for a 7-8 year warranty, especially if you get roadside assistance and car rental reimbursement.

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Different Types of Extended Warranty Coverage | Article Tavern

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warranty familyWithout a doubt, purchasing an extended warranty/VSC on a vehicle is the best thing that any car owner can do after the factory warranty has expired. In comparison to the event of a vehicle breakdown, purchasing an extended warranty/VSC for your vehicle is much cheaper.

For instance, if your vehicle had a small engine problem after the factory warranty has expired ? you would more than likely spend over $1000 dollars on a repair. With extended vehicle warranty/VSC coverage, you may be able to cut that down to as little as $1 per day. Not to mention, most repair shops charge anywhere from $80 - $100 per hour for labor alone.

Extended warranties/VSC can include simple drive-train mechanisms only, the entire car, and it can even cover roadside assistance in the event of a vehicle breakdown. Purchasing these extras will not cost very much more than you would pay for a can of soda on break everyday making it extremely worth the extra change.

When choosing an extended warranty/VSC for your vehicle, look for ?red-flag? language within the fine-print, that may say things such as ?at our discretion? etc. Many extended warranty/VSC providers will provide a cheap monthly rate while also giving the same a cheap plan. Also, find a company that is able to provide wear-and-tear coverage for your vehicle; which will protect against the normal everyday elements that are often more damaging than any other factor to your vehicle.

Again, the most important thing that a car owner can do for their vehicle, other than routine maintenance, is to purchase an extended warranty/VSC. Not only will it provide peace of mind in the event of a breakdown or mishap, but it will also give a reason to value the vehicle enough to take excellent care of it. Knowing that you will be able to drive your prized possession for many more years to come turns it from a vehicle into a valuable asset.

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How Much Should I Pay For Extended Warranty? - PriusChat Forums

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warranty workWhen getting your car extended warranty, you are going to want to ask yourself a few questions, namely: How old is my car? Does it have manufacturer warranty on it? How long am I planning to have the vehicle? Lastly, how much wear and tear am I going to see on this car?

How you answer will tell you how much you specifically are going to want to, and should, pay for your car?s extended warranty.

Now, the lower the mileage on your car, the lower the cost of warranty. As you use a car, the warranty price will go up, and the manufacturer warranty will run out. So, always check for manufacturer warranty. Usually it will cover the first 3 years or 36,000 miles. Buying an extended warranty is for the purpose of extending the duration of that warranty, or for getting additional coverage. Some vehicles will have great manufacturer warranty, others will cover the bare minimum, like faulty parts. Look for exclusionary policies that give you short list of what they don?t cover, as that means the cover everything else.

If you plan on holding on to the car for say 2-3 years, and the manufacturer?s warranty is pretty decent, you might be set. If you do get extended warranty, make sure to check if the warranty can be transferred.

The length of time you might foreseeably be holding on to your vehicle will also tell you how much wear and tear you might see happening. Good extended warranty should cover you for this.

When shopping around for your car?s extended warranty, you?re going to be looking for a) an exclusionary policy, b) one that has nationwide coverage where you to choose where you go (and lets you pay directly to the repairer), and c) says who covers additional expenses like time and labor costs of the repairer. Buying warranty through your dealership might not be the best, as they often are just in-between sales persons.

 

The Toyota Prius, being a hybrid, can start adding up in out-of-pocket expenses once your 3-year manufacturer warranty runs out. Get it covered before that happens. As with all things, you do get what you pay for, and so you?re going to have to weigh what you really need covered, versus excess stuff. $1600-$2000 is certainly reasonable for a 7-8 year warranty, especially if you get roadside assistance and car rental reimbursement.

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Auto Repair Insurance: Extended Warranties ? Myths And Facts ...

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wrenchCar Running Right Peace of Mind


There's nothing more frustrating then having a broken down vehicle. Consider how much time we spend in our vehicles just getting to work. According to a study conducted by the United States Census Bureau, the average American spends more then 100 hours in their car each year commuting, (USgovinfo.about.com). This is why every one wants the peace of mind that a car extended warranty can provide.


What's a Good Extended Vehicle Warranty?
 

A common question is what does a car extended warranty (vehicle service contract) provide? Its a contract to help cover the costs of repairing a vehicle. The best plans will include coverage for repairs, parts, labor, and even sales tax for some types of repairs. Its almost exactly like the manufacturer warranty that comes with a new car when its purchased. The best vehicle service warranties will include features like:

  • Nationwide Coverage (Your car will be protected wherever you drive it in the US.)
  • Rental Vehicles Coverage (If repairs require the your car to be kept in a shop, your rental car costs are covered.)
  • Trip Interruption Protection
  • Free Road Side Assistance 
  • Mechanical Breakdown Coverage
  • Wear & Tear Protection
  • Direct Claims Payments
  • Free Nationwide Customer Service 

Myths & Reality with Car Extended Warranty

There are lots of myths regarding car extended warranty programs. These are the realities you need to look for in a good contract:
  1. You want a plan that's exclusionary and includes manufacturer warranties. Almost everything is covered, accept for the few items that specifically mentioned in the contract. Some plans are only partial or supplemental and may only cover certain parts or systems on your vehicle.
  2. You don't want to buy your plan from a third party who just sells it. Buy it from the same company who services it. 
  3. Make sure your plan includes coverage for both parts and labor. Some, plans won't pay for the labor involved with repairing the vehicle. Also, make sure the plan covers the cost of entirely new parts. You don't want recycled or used parts put into your vehicle.
  4. Get a nationwide plan where you can pick where your car gets fixed.
  5. You don't want to have to pay for a repair yourself and then get reimbursed. You want the claims to be paid directly.
  6. You also need great customer service department available to help you 24 hours a day.
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Different Types of Extended Warranty Coverage

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happy coupleWithout a doubt, purchasing an extended warranty on a vehicle is the best thing that any car owner can do after the factory warranty has expired. In comparison to the event of a vehicle breakdown, purchasing an extended warranty for your vehicle is much cheaper.

For instance, if your vehicle had a small engine problem after the factory warranty has expired ? you would more than likely spend over $1000 dollars on a repair. With extended vehicle warranty coverage, you may be able to cut that down to as little as $1 per day. Not to mention, most repair shops charge anywhere from $80 - $100 per hour for labor alone.

Extended warranties can include simple drive-train mechanisms only, the entire car, and it can even cover roadside assistance in the event of a vehicle breakdown. Purchasing these extras will not cost very much more than you would pay for a can of soda on break everyday ? making it extremely worth the extra change.

When choosing an extended warranty for your vehicle, look for ?red-flag? language within the fine-print, that may say things such as ?at our discretion? etc. Many extended warranty providers will provide a cheap monthly rate ? while also giving the same ? a cheap plan. Also, find a company that is able to provide ?wear-and-tear? coverage for your vehicle; which will protect against the normal everyday elements that are often more damaging than any other factor to your vehicle.

Again, the most important thing that a car owner can do for their vehicle, other than routine maintenance, is to purchase an extended warranty. Not only will it provide peace of mind in the event of a breakdown or mishap, but it will also give a reason to value the vehicle enough to take excellent care of it. Knowing that you will be able to drive your prized possession for many more years to come turns it from a vehicle into a valuable asset.

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Why Purchase an Extended Warranty?

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lady happyThe advantages gained by opting for car extended warranty coverage are substantial. Automobiles are typically some of the most expensive purchases a person will make in their lifetime, protecting that investment is a must. Many people who choose to forgo the extended warranty option end up regretting it for a variety of reasons down the road.

Why Choose Car Extended Warranty
Extended warranties -- or vehicle service agreements as they are often referred -- act as added peace of mind for a car owner whose initial warranty coverage has expired. Most car manufacturer's warranty coverage -- while very thorough -- is not of a long-lasting duration. The manufacturers coverage typically expires at either the three year mark or 36,000 mile mark, whichever occurs first; once that happens an additional measure needs to be purchased to protect one's self in the event car repairs or service is needed.

Car extended warranty coverage is designed to pick up where the manufacturers coverage leaves off. The inherent value of a vehicle service agreement can come into play quickly, as the 3 year mark is a time when most cars begin to experience their first round of maintenance or part-related issues. 

What To Look For In An Extended Warranty
Here are some of the primary considerations to look for when selecting a vehicle service agreement:
  • Claims Handling: Ask specifically about the claims process. Confirm that coverage is nationwide and that the car owner is allowed to designate who will perform any repairs.
  • Know The Company: Take the time to learn about the prospective provider of the extended warranty. Ensure they are licensed and have a good track record with their customer base.
  • The Fine Print: Reading the terms of a vehicle service agreement closely can often reveal exactly what can be expected. Parts and labor costs are not necessarily included in all car extended warranty plans, make sure the one which is selected has those bases covered.

The goal of a car extended warranty is to find a vehicle service agreement which will make the transition from the manufacturer's warranty as seamless as possible. Taking the steps now to find a thorough vehicle service agreement will help remove the stress for when the inevitable car maintenance is needed.
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