How Much Does an Auto Extended Warranty Cost?

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If you have a used car and you’re in the market to buy an extended warranty, you’re probably wondering about the cost. There are many options to give you the coverage you need at a price you can afford. Protect yourself from unexpected expenses by purchasing an extended auto warranty. The experts at CARCHEX are here to help you discover the factors that will determine the best option for you.

Protection Against Unexpected Repairs

No matter how great the used car you just bought may be, sooner or later it may need a few repairs. Knowing the cost of an auto extended warranty and making this investment can save you a lot of money if something goes wrong with your car.

Expensive car repairs are inevitable. According to a survey by Bankrate.com, not all Americans can afford unexpected expenses like a car repair or a visit to the ER. If an unexpected expense of $500 to $1000 happened, only about 37% of people would be able to pay this emergency with money from their savings. The rest would use credit, borrow from friends and family, reduce expenses, or wouldn’t even know what to do.

This is why you need to be prepared for the unexpected. When shopping for the best warranty plan for you, know exactly what the protection plan covers so you’re not caught off-guard by expensive bills at the auto shop.

average-cost-of-auto-repairsDetermining an Auto Extended Warranty Cost

Here are some factors that usually determine the cost of an extended auto warranty:

  • Make and model of your vehicle
  • Your car’s year and the mileage on it
  • The type of coverage you need
  • Duration of the coverage (in years and/or miles)

Get Peace Of Mind With CARCHEX

At CARCHEX, our team works with a trusted network of providers to find the best extended auto warranty. Our goal is to deliver the finest experience to our costumers, that’s why we offer benefits other companies don’t. Here are some features you will find at CARCHEX:

  • No down payment required
  • Easy payment plan
  • Flexible time and terms for every driving habit
  • Customized coverage options
  • A contract that is easy to understand
  • Protection against lost, stolen, or damaged keys

We want you to get the best option for your vehicle, that’s why we research and create great auto warranty plans. To learn about the auto extended warranty cost for your car, call CARCHEX toll-free at 866-261-3457 today.

 

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Sources: 

BankRate: www.bankrate.com/finance/consumer-index/money-pulse-1215.aspx

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