Five Questions Everyone Should Ask Before Getting the Auto Extended WarrantyYour 5 Extended Auto Warranty Questions to Ask
Five Questions Everyone Should Ask Before Getting the Extended Warranty
Extended car warranties are offered to everyone, everywhere when purchasing a new or used vehicle off the lot. They might come in handy, since they do cover those unexpected costs that you might not have taken into consideration when purchasing the vehicle. However, how do you know that you’re getting the right warranty? What should you ask them before signing on with it? These are all valid questions, and with these five questions, you can clear up some information regarding the warranty you’re about to purchase.
Your 5 Warranty Questions to Ask
1. Who is Backing the Warranty You’re Going to Purchase?
While this might seem like a silly question, some companies that back warranties might not be as reputable as you may think. If at all possible, you want the automaker to back the warranty you’re going to be purchasing to give you extra coverage when it is needed. Third party or after market vendors often have better deals than the auto makers but it can come at a cost. Make sure to verify that the after market warranty company is rated through the BBB or other reputable review services such as consumer affairs.
2. Have You Chose the Most Affordable for the Coverage?
There are many different warranties on the market. Each one comes with a different coverage, a different price and with different specifics. You do not have to go with just one or another without actually taking a look at all of the options. While the salesman might say one is the best, this might not necessarily be true. It might just be the most expensive one that they want to sell.
3. Do You Know What is Covered Under the Warranty?
You should always know what is covered under the warranty you’re purchasing. This is to ensure that you’re getting the best possible coverage for the price that you pay. Without having this information, you’re going to be paying for something you do not know anything about.
4. Will You Still Feel Covered if You Don’t Purchase it?
Know how much the coverage from the dealership is, and if your insurance picks up certain things. Know how much you spend on maintenance repairs and other jobs throughout the year. You want to make sure you’re getting something worth the price.
5. Have You Considered Your Driving and Repair History?
Do you get into a lot of accidents, and are there a lot of things that have happened in the past that you were not covered for, and wish you were? This is something to consider to figure out whether or not this is the best way to go about the warranty and if it is right for you.