Tuesday, June 26, 2012

How to Understand Aftermarket Auto Warranties

Protecting your car means more than regular washes and waxes. True protection lies in purchasing an aftermarket, or extended, auto warranty for your investment.

A car extended warranty acts like an insurance policy in that it protects your car from any unforeseen repair needs. Car owners can buy extended warranties at the time they purchase their vehicles, or later on down the road.
Extended warranties cover maintenance costs for the extent of the warranty contract period.

When selecting the right extended BMW warranty for your new BMW or an extended warranty for any other type of car you have already purchased or are considering purchasing, you need to make sure you’re choosing the right warranty for you and your car. Check to see if your car already has a factory warranty and what that warranty entails. If your car is not under warranty, or you want longer protection for your car, an extended warranty may make sense. Fully investigate the extended warranty’s deductible, so you know exactly what to expect should you take your car in for repairs.

Know if the warranty is transferable to another owner if you choose to sell your car (that could be a major selling point). Some car extended warranties allow repairs to be made in any shop, while others dictate specific repair shops, so know which option you prefer before selecting a warranty.

Finally, like any other policy, know what will be covered and what won’t be covered, so there aren’t any surprises waiting for you at the repair shop.

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