Should You Get an Extended Car Warranty? Know These 3 Things

Have you purchased a vehicle and are wondering if you should purchase an extended warranty? If so, you'll want to know the answers to these common questions.

Can You Purchase an Extended Warranty at Any Time?

You're likely wondering when you have to buy an extended warranty for your vehicle. If you have bought a new vehicle, you may want to wait until the manufacturer's warranty is about to expire before you decide on buying an extended warranty. This is because you want to make sure you have the vehicle long enough to actually use the extended warranty, and buying near the end of your standard warranty will ensure that you get use out of it. 

However, it is a bit different if you are buying a used or certified pre-owned vehicle. You may discover that the manufacturer's warranty doesn't transfer to you as a second hand buyer, so it would be beneficial to get an extended warranty right away. 

Why Not Just Get Car Insurance?

The purpose of car insurance is to protect your vehicle if you were to get into an accident, with varying levels of coverage that you can purchase. You can get protection for accidents that other people cause, or coverage for accidents that you cause. 

A car warranty will cover problems with your vehicle that are not related to accidents, such as problems caused simply due to wear and tear on the parts. It helps you avoid an unexpected repair bill to get your vehicle up and running again. 

Are There Different Types of Extended Car Warranties?

Know that there is not a single type of car warranty that covers every aspect of your car. There are actually different types of warranties that cover different parts of your vehicle. For example, if you are looking for a comprehensive car warranty that will cover the most repairs possible, you'll be interested in a bumper-to-bumper warranty. However, you can buy an extended warranty for specific parts of your vehicle as well. You may want coverage for the most expensive aspects of a vehicle, such as the engine or transmission. 

One thing to keep in mind about any policy that you look into is that there are exceptions. Even when you purchase a bumper-to-bumper warranty, there will likely be some aspects of the vehicle that are not covered. This includes items like the brake pads and routine maintenance service. 

To find out more, contact a company such as Safeguard My Car.

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