Once you’ve chosen a vehicle, you will finalize the purchase with the Finance and Insurance office of the dealership. It is here that you will be offered a variety of products and services to go with your vehicle, ranging from maintenance plans to paint protection and extended warranties. Your Largo area Acura dealer shares some things you should think about and consider before agreeing or declining the extended warranty coverage on your next car purchase:
What is an Extended Warranty?
The vehicle extended warranty is coverage that starts when your manufacturer’s bumper to bumper warranty expires. You can purchase an extended warranty the day you buy your car, or you can buy it at any time before your manufacturer warranty expires at the same rate. If you purchase an extended warranty for your car after your manufacturer warranty has already expired, it will be much more expensive. The warranty should cover most breakdowns and repair needs until the expiration date is reached.
Will You Keep the Car for Many Years?
Extended warranties make the most sense for car buyers who keep a car until they can no longer drive it. If you are someone who trades in vehicles every three or four years for a new model, you probably will not get much benefit out of an extended warranty since your car will still be under the standard manufacturer warranty.
Know Who Backs The Warranty
Before you buy the extended warranty, find out who backs the coverage. Some dealerships are selling extended warranties through third-party companies, and not all of them have the best record. They may even require that you get your car fixed at the dealership that sells you the car, where as an automaker-backed extended warranty will be honored at any dealership around the country.
Do Your Comparison Shopping Before You Buy Your Car
Since extended warranty prices can vary, it’s a good idea to do some research before you sit down to finalize your car purchase at the dealership. You can call other dealerships and compare prices on the extended warranty for the car you plan to buy so when the dealership provides you with the price for the extended warranty you know if it is a good deal or not. If another dealership is offering the warranty at a lower price, you will probably find your dealer will lower the price on your extended warranty to match the other dealer in order to keep your business.
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