Things to Know About Extended Car Warranty, Its Cost, and Worth
Extended car warranties, also known as vehicle services contracts, are designed to protect your vehicle against costly repairs. Monthly payment is made towards your contract. If you require covered services from a mechanic, you will pay a deductible. An Extended Car Warranty on an auto is not the same as a manufacturer's warranty. This is why the name can be misleading. A warranty that is extended to cover car repairs and not just the vehicle itself can be described more accurately as insurance. What is the cost of an extended warranty? Each provider will charge a different price for an extended car warranty. The following factors will generally affect the price: Coverage Name and model your car Age of your car Mileage No matter if you own a luxury vehicle It's difficult to estimate the cost of an extended warranty for cars because there are so many factors. A service contract offered by a dealer can cost upwards of $1,000, while coverage provided by a third