After you have read the information below, consider getting a quote.
An extended warranty on a vehicle is a service contract just like the type you can buy for your refrigerator or TV. It provides coverage for certain items in the vehicle after the original warranty expires for a specified time or mileage reached. It requires that the vehicle be maintained per the recommended service schedule for the vehicle with records to show that the maintenance was completed. As your vehicle’s mileage increases and approaches 100K miles, it will be more difficult to find a provider willing to offer a contract.
There are two basic types of coverage offered: wear and tear and mechanical breakdown. Wear and tear covers items that wear out faster than normal such as engine components. Mechanical breakdown covers major components that do not normally fail over the coverage period, e.g. transaxles and engines. There are many levels of coverage offered ranging from only mechanical breakdown to the most comprehensive coverage including emissions, entertainment and navigation systems.
Four major coverage levels or plans are marketed but the items included do vary between providers’ plans. Most providers offer several if not all four of these plans. These plans are listed below in increasing coverage level:
- Named Component: items covered are listed and can be touted as ‘bumper to bumper’ but usually exclude some parts.
- Bumper to Bumper: also called exclusionary since they cover so many parts that they list only the parts that are excluded.
获得延长保修的最常见原因是在车辆变老时，从大型维修票据的安心和保护。然而，在过去的15年里，车辆的可靠性在过去的15年里显着改善，导致延长保修的平均买方比溢价超过300美元，而不是所涵盖的索赔（2008年4月的每份消费者报告）发现延长保修be worthwhile if you buy a less reliable vehicle based on members’ experience. These less reliable vehicles are Jeep, Pontiac, Buick, Chrysler, Dodge, Mercedes-Benz, BMW, Ford, VW, Saturn and GMC in increasing reliability rating. If you’re considering the purchase of one of these vehicles or you just want the peace of mind that you’re covered, then an extended warranty can be the way to go. Also a transferable contract can be a good selling point if you sell the car before it expires.
When you should get an Extended Warranty
大多数购车者不考虑扩展warranty until they hear the pitch for one at the dealer during the final stage of the buying process. Consumer Reports suggests that you wait to shop for an extended warranty until 6 months before your regular warranty expires. By then you will know if you want to keep the car long enough and if reliability is a concern such that you want to consider an extended warranty. Although by then the contract price may be higher, it is cheaper to forego it then than to have bought the contract at the car purchase date and not need or use it.
Most extended warranties are purchased at the dealer at the time of vehicle sale. Most new car dealers sell the manufacturer’s extended warranty plans. These are generally more expensive but you eliminate the concern that the administrator of the contract will be around when you need to file a claim. Smaller administrators of extended warranties still do go bankrupt from insufficient claim reserve funds.
理想情况下，您考虑在购买新车之前获得延长保修，您要么决定等待等待，直到定期保修接近到期，或者您要查找较低的成本保修以比较经销商的优惠。有许多在线站点提供了延长保修的免费报价。他们通常为每个计划提供基本信息。我们推荐担保直接for your online warranty needs.
Also, you won’t find normal wear items such as brake pads, rotors, belts, hoses, glass, and lenses covered by the plans with wear and tear coverage.
Extended warranties can be marketed and sold by one company with the contracts administered by another company. The administrator then must either be insured by a property and casualty company or create a claims reserve fund to insure solvency. Check the rating of the insurance company covering the administrator. An A rating is desired to be confident the administrator will be around until the end of the contract. Be leery of an administrator that is not insured and has set-up a claims reserve fund as it is difficult to assess whether it is sufficient.
Get a detailed contract to review before purchasing a contract. If you cannot review the contract before buying, move on to another provider. Also be sure that there is a 100% money-back guarantee for the first 30 or 60 days of the contract if there is no claim and you change your mind and want to cancel it.
Yes, you can bargain and lower the price for an extended warranty! 75% of extended warranty buyers surveyed by Consumer Reports negotiated a lower price. CR says to go with the $100 deductible and get the price to 1-2% of the car cost per year.