Extend Name Warranty For Free

You can purchase an extended warranty through a dealership or a third-party warranty company that specializes in extended vehicle protection. Dealership extended warranties are purchased directly from an auto dealership or manufacturer.

A type of guarantee (= a promise to repair or replace a product) that increases the period of time during which the guarantee can be used: Only about 20% of the products covered by an extended warranty are ever brought in for repair, the agency says.

What parts are covered under an extended warranty? What's covered under an extended car warranty depends on your specific warranty. In general, they can include the powertrain (engine, transmission, etc.), air conditioning, alternator, gaskets and seals, electrical components, safety restraints, and more.

Con: They Are More Expensive When Purchased Later The best prices, though, are when the vehicle is new. In addition, with a few miles on the odometer, you will command a top deal. For new cars, the service contract will not kick in for several years, usually near the time the original warranty expires.

Extended Warranty Overview Most warranties can be extended for a reasonable cost. An example of a common extension is the limited labor warranty extension from one to ten years.

When it comes to the long-term cost of your car, extended warranties are generally ?a bad deal,? says Gillis. In a Consumer Reports survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.

An extended warranty works in a similar manner as insurance. Most consumers who purchase this particular warranty do so because they bought an expensive appliance or electronic device. If it fails to operate within a specific time period, you are protected against the financial loss.