Extended car warranties are a popular means of making car ownership less stressful. The idea behind a car warranty policy is that you pay a set fee to take out a policy. In return, the car warranty company will pay for any repairs that are required on your vehicle during the policy period.
That’s the idea but, as ever, things are not quite so simple as they seem. Car warranties vary considerably in terms of both pricing and quality, meaning that the standard of cover on offer is not always what you would expect.
The first problem that many car owners find is that they pay over the odds for their car warranty policy. This is usually the case because they have taken out the first warranty policy that they were offered.
It’s often the case that consumers are persuaded to purchase warranties from car retailers. Car retailers may seem like a good place to start your warranty search but they don’t necessarily offer the best prices when it comes to car warranty.
To avoid paying high prices, you should aim to shop around. Take a look at policies that are offered by specialist car warranty companies – they’re often available to buy online at discounted prices.
Another factor that causes plenty of problems is the issue of the amount of cover provided. In general, you can avoid such problems by ensuring that you understand exactly what cover is being offered before you make the purchase.
Reading terms and conditions can be a boring task but it could save you a lot of time, money and effort at a later stage.
If you’re prepared to shop around and do your research then you can avoid most car warranty problems. should i buy extended warranty on new car