Extended car warranties are sold on the basis that they can offer car owners peace of mind. Our guide to extended warranties discusses exactly what is involved in purchasing the right warranty for your vehicle.
The first thing to note when it comes to buying extended car warranties is that you don't need to buy them via your car retailer. In fact, purchasing a car warranty policy from a car dealership or car supermarket is often a bad start to make.
Car retailers have been looking to sell more and more warranty policies, feeling able to make some extra money by charging relatively high prices for warranty policies.
By shopping around, you should be able to find extended car warranty policies being sold direct by independent car warranty companies, often at a fraction of the price.
The quality of car warranty policies can vary considerably, meaning that it's vital that you know exactly what is covered before buying a policy. For example, your policy may cover work being carried out on your vehicle, but does it also cover the cost of you having a hire car during the period that your own vehicle is off the road?
This is something that you would expect to have included in your car warranty policy but you cannot assume that it is offered by all companies - many will not include these costs.
You also need to look at the excess charges that are included within car warranty policies. An extended car warranty policy with a high level of excess may turn out to be a false economy.
The best way to secure the best extended car warranty for your needs is to ensure that you shop around before buying a policy. Make sure that you are aware of the different levels of cover on offer and the different pricing bands.
By making an informed decision, you can get an extended car warranty that suits you.
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