Auto Warranty Ratings

If the warranty of your vehicle is going to expire and you are considering to extend the warranty there are some recommendations that you should follow.

Most people think that the “extended warranty” is just, as the name suggests, the extension of the factory warranty: wrong!

An extended auto warranty doesn’t have to be the same warranty that was included by the manufacturer with the car at the time of the purchase but can be purchased from any warranty company: this way consumers like you can save up to 60%.

An extended warranty purchased from the dealer usually costs more than buying it directly from a warranty company. Car dealers most times simply resell you a contract by one of the major warranty companies and you have to pay the base price of the coverage plus the commission for the dealership.

Most buyers don’t realize this and don’t know that buying from the dealer isn’t the only option they have.

You may be wondering which is the best warranty, or which is the cheaper but you won’t find an answer to such questions because every company builds its quotes using different metrics: the quote you get from each warranty company depends on how much weight each company gives to the year of the car, the mileage and the model.

In conclusion there’s no generically best warranty, but there can be a huge difference in the quotes you get from different warranties, hence comparing multiple quotes is the smartest way to purchase a warranty.

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If you have an expensive car you should absolutely consider an extended warranty: repairs can be extremely expensive on luxury or sports cars.

Only after you have compared quotes from different warranties you will be able to make a good choice.

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