If you have a used or older car, you can still get extended vehicle protection (sometimes referred to as an “extended warranty”). In fact, it might be more important to have extended coverage for older cars than it is for new cars. Let’s see why.
After The Factory Warranty Expires
A new car comes with a factory warranty that covers certain repairs for a limited time period. Once the manufacturer warranty expires, all repair costs come out of your pocket. However, extended vehicle protection can be purchased at any time for older cars, and these plans are similar to original manufacturer warranties. And here’s a secret: many extended warranties are actually serviced by the same companies that provide factory warranties. Get a free quote from a top rated warranty company with CARCHEX now.
Older Cars Break Down
As a vehicle ages, the probability of a mechanical breakdown increases. Also, the type of repair that older cars require can often be more costly. Extended plans provide protection in the event of a wide variety of mechanical failures, and you can get coverage for even up to 7 years.
Other benefits of extended warranties are:
- 24/7 roadside assistance
- Car rental
- Trip interruption
Some select plans even offer:
- Seals and gasket coverage
- Wear and tear coverage
- Tire coverage
- Road hazard coverage
- Toll-free nationwide service & support
As you can see, the benefits can extend beyond simple mechanical repair giving you peace of mind in a variety of situations.
Is It Really Worth It?
That all depends on your risk comfort level. Nobody can predict when a car will break down, but any car – new or old – can run into mechanical problems. Big repairs can cost hundreds or even thousands of dollars. If the breakdown is covered by an extended vehicle protection plan though, the repairs are paid for.
What About Cost And Payment?
Extended vehicle protection plan costs are determined by:
- Car make
- Car model
- Age of vehicle
- Coverage plan
- Length of contract
- Deductible amount
Extended warranties vary in price depending on the level of coverage. You can pay for the entire plan in one lump sum, or divide payments anywhere from over 6 to 24 months after making an initial down payment.
Beware Of Scams
There are a lot of unscrupulous vendors out there that are just looking to make a quick buck. When you go with CARCHEX, you know that the services are backed by an A+ Better Business Bureau rating. Avoid high pressure sales tactics and go with a company that looks to give you the best customer experience possible.
Take Advantage Of Networking
If you have decided that extended vehicle protection is a good idea, you might end up being overwhelmed as to where to start looking. CARCHEX has done the homework for you. By cultivating a network of the highest rated extended warranty providers, you are guaranteed to get the most competitive prices available. In the CARCHEX marketplace, providers compete to give you the best deal possible. Ask for an extended vehicle protection plan quote now.
Eventually, any car is bound to run into some mechanical trouble. Older cars are especially vulnerable. Thankfully, there are extended vehicle warranties that can cover costly repairs. Get a free online auto protection plan quote today through CARCHEX.
Published in Auto Warranty Articles by CARCHEX on November 12, 2014