Have you ever bought a vehicle and a week later something major happens to it? This is frustrating; but, it does not mean that the dealership sold you a lemon. It is one of the reasons a warranty is important to protect your investment.
An extended warranty (aftermarket warranty) is a great option. There are many different plans to meet your needs and fit your budget. Below are a list of questions and answers to see if an extended warranty is a good fit for you:
- Is an extended warranty a good option for my vehicle? If your vehicle is older and you don’t plan on keeping it for very long, it isn’t a good fit. If you have a vehicle you plan on keeping for three or more years, it is a great idea.
- When should you buy an extended warranty? If you bought a new vehicle buy the extended warranty as your factory warranty ends. If you bought a preowned vehicle, it is best to buy the warranty with the purchase or shortly thereafter.
- What should the warranty cover? See the below picture of different example coverages. The coverage should fit your risk level and your budget.
- Who can service your warranty? Most aftermarket shops can service your warranty. Call your repair shop and provide the company name, phone number and your VIN or contract number. They can call your warranty and make sure they can service the vehicle for you.
- How much should a warranty cost? This depends, but realize there is no cap to the price a dealership can sell you a warranty. We recommend pricing the warranty with at least a couple companies. Make sure what you are buying is a competitive price.
- Mileage restriction for an extended warranty: some warranties have a limit to how many miles they can have at the time of sale. Find this out before you buy a vehicle if you plan on purchasing a warranty.
If you have any questions or if you would like to purchase an extended warranty near me, call us at 815-877-4277, text us at 815-240-2515, or stop in to Carz R Us at 10208 Smythe Ave, Machesney Park, IL 61115.
