Extended Car Warranties Save Money
Posted on November 12th, 2008 by Warranty Direct
Extended vehicle warranty coverage is just an extension of the factory warranty, not double coverage. The manufacturer’s warranty has been factored into your price quote.
A frequent misunderstanding is that by holding off buying an extended warranty, you will get coverage for a longer time.
That doesn’t work though, because the cost for a car warranty will increase as the car ages and mileage adds up.
You will be offered the longest terms and the lowest rates for newer vehicles with lower mileage.
The more factory warranty you have remaining, the lower the cost and greater the length of the warranty extension. In other words, you are paying for tomorrow’s coverage at today’s rates.
Filed under: Vehicle repairs
Yes, I have a 2001 hyundai sonanta and I bought an extended warranty because the 10yr 100k warranty only applies to the original owner, and I got to say it has been a lifesaver when the engine blew!