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Extended Warranty
An extended car warranty (or vehicle service contract) is an additional warranty that provides coverage on a vehicle after the manufacturer’s warranty has expired. It can serve customers who want extra assurance that their product will continue to be covered after the original manufacturer’s warranty expires.
Extended warranties typically cover repairs and replacements for mechanical breakdowns, defects, and electrical malfunctions over a period of up to five years from the date of purchase.
In some cases, the coverage may also extend to replacement parts, labor, shipping costs, customer service support, and even accidental damage depending on the provider.
Extended warranties are typically offered at the time of purchase through retailers or manufacturers and usually require an upfront fee or monthly payment plan.
Extended warranties typically cover repairs and replacements for mechanical breakdowns, defects, and electrical malfunctions over a period of up to five years from the date of purchase.
In some cases, the coverage may also extend to replacement parts, labor, shipping costs, customer service support, and even accidental damage depending on the provider.
Extended warranties are typically offered at the time of purchase through retailers or manufacturers and usually require an upfront fee or monthly payment plan.
What are the major benefits of having an extended car warranty?
- Assurance: one good benefit of an extended car warranty is peace of mind. Knowing that you have additional coverage in the event of a breakdown or repair can be very reassuring.
- Cover costs: An extended car warranty also protects you from unexpectedly high repair bills, as it can help to cover some or all of the cost of unexpected repairs.
- Enhanced resalability: An extended car warranty can also add value to your vehicle when selling it. Having a valid car warranty can make your vehicle more attractive to potential buyers and could increase its resale value.
- Roadside assistance: An extended car warranty may provide access to roadside assistance services such as flat tire changes, jump starts, fuel delivery, lockout service, and more. These services are typically included in many plans at no additional cost and can save you time and money if you ever find yourself stranded on the side of the road with a disabled vehicle.
