Secure Warranty For Free

Here are the five most reputable extended car warranty companies: Endurance: Best Coverage. CARCHEX: Best For Used Cars. Protect My Car: Best Maintenance Benefits.

Instead of signing over a whole paycheck for one repair, you could use an aftermarket auto warranty to spread out cost of repairs. An aftermarket auto warranty is a good idea to provide peace of mind after your factory coverage has expired, especially if you missed the window for adding a dealer-backed extended plan.

A car warranty covers defects, or damage that occurs during normal use, and can't be considered normal wear and tear. It pays to replace defective parts with new or reconditioned parts at the company's discretion behind the warranty. It also covers labor.

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Extended warranties are rarely worth your money. Products don't break on their own, and when they do, the price of repairs is usually lower than what you'd spend on an extended warranty.In most cases, it's best to skip the extended warranty and use your extra cash to build up an emergency fund.

Extended warranties provide two main benefits: You may save money. If your car needs a costly repair that's covered under your extended warranty, the warranty could ultimately pay for itself even if you have to cover a deductible and a portion of the bill. Provides peace of mind.

A vehicle protection plan (AKA a vehicle service contract) is add-on coverage that you can purchase for extra peace of mind that covers repair and maintenance services after your warranty has expired. Though this type of plan is often referred to as an extended warranty, that term is actually a misnomer.