Different warranty coverage plans exist based upon your need. Here are a few tips to get you started:
* Get a Carfax Vehicle History Report at carfax.com. Besides providing a detailed history, the report will help you find out how much of the original manufacturer’s warranty exists.
* Use the Internet to research companies offering extended warranties. Avoid low-cost/budget warranty providers. You can find recommended warranty providers by visiting sites like edmunds.com and consumerreports.org.
* Choose the plan that best fits your needs and budget. Higher deductible plans are cheaper, but may come back to haunt you if your car needs frequent work.
* Read the contract thoroughly to fully understand the extent of coverage being offered. Most extended warranties will cover the vehicle’s major components and may be transferable should you ever decide to sell the car.
While an extended warranty can be a major investment for a used car, it may help extend the life of your vehicle, increase its resale value and save you money in the long run.
Courtesy of ARA Content
