The most basic type of protection offered by most warranty companies is the powertrain warranty, which covers only those important parts that keep your vehicle moving. What’s considered a covered repair by an extended warranty will completely depend on the coverage plan that you purchase, but there are a few core package types that almost every provider will offer in some form or other: Powertrain Warranty What’s Covered by an Extended Car Warranty? And even if you don’t break down in the near future, just knowing that you won’t be stranded at the roadside when the worst inevitably happens is worth every penny. With the average annual cost of car ownership recently passing the $10k mark, coverage could save you thousands of dollars annually. Put simply, an extended warranty is great for two things: saving you money and giving you peace of mind. Repairs can be carried out at any certified mechanic or auto shop, and coverage can be purchased at almost any point in a vehicle’s lifetime (good news for used car owners). Vehicle service contract providers are also incentivized to throw in additional perks to sweeten the deal, giving you much better value for money. The generally preferred alternative is a vehicle service contract from a third-party provider, which can offer close-to-dealership coverage at an even better price point. Because of this, used car owners aren’t eligible. The downside to this kind of coverage is that you’re tied to dealerships when you need repairs (not ideal if the closest one is 100 miles away), and you must purchase the coverage while the factory warranty is still active. If you’re new to the term, a traditional extended warranty can be purchased via a car dealership or car manufacturer and effectively continues a vehicle’s factory warranty (also referred to as a manufacturer warranty) once it’s expired. The Basics of Extended Car Warrantiesįirst, it’s worth us reviewing exactly what an extended car warranty is. Let’s take a look at auto warranties in more detail, including how to navigate any exclusions and fully get to grips with what is and isn’t covered. If you don’t, you could be in for a nasty surprise when you try to claim for work undertaken. Like any contract, however, it’s crucial that you understand exactly what you’re covered for before you hand over your hard-earned money. To keep more cash in their pockets, most drivers invest in an extended car warranty or vehicle service contract, which covers the cost of repair bills whenever the worst happens. Owning a vehicle is one of the most liberating things you can do, but like all good things in life, it comes at a cost-and it’s only getting more expensive as the years go by.
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