Automotive extended warranty companies vary from one another just as much as life insurance companies do. It can get very confusing for the average consumer that is trying to find a good deal on an extended warranty for the car. Some warranty coverages only cover the basic internal components of the engine and transmission and drive train, while others offer bumper-to-bumper protection that is just as good as a new car warranty.
Many people do not buy a warranty because they think that they are too expensive. This is simply because they have only seen the prices for extended warranties offered through car dealerships when getting their auto financing arranged. It is much less expensive when you purchase a warranty direct from the extended warranty company. You also save on finance charges when the warranty is not added to your auto loan.
One of the great benefits of having an extended warranty is that you never have to worry about major components going bad or major mechanical failure. You know that you are covered if anything major ever happens. Car repairs are very expensive these days and it’s not hard to see how a $ 100 warranty that will replace your entire engine if it blows up, is worth it. That is if you get a good warranty from a good company.
There are many ripoffs out there when it comes to extended warranties. If you want to make sure that you’re getting the best deal from a legitimate company, you should do your homework.
Fortunately, there are resources available on the Internet that allow you to compare extended warranty quotes from multiple companies all in one website. This helps you to make sure that you are getting your moneys worth.