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Welcome to Auto Warranty Advice
The goal of this site is to help users searching for information on auto
warranties or extended service contracts. We've tried to provide
information regarding all aspects of automobile warranties and hope we have
accomplished our goal. Our content details everything from the history of the
extended auto warranty to tips when purchasing your warranty.
Cars have a mind of their own. If they want to break down, they’re going to
break down, and it won’t matter one bit if your checking account is overdrawn.
But there is a solution. Extended auto warranties go a long way toward easing the
burden of prohibitive repair costs. You already carry auto insurance to defray
the mind-numbing costs of bodywork, medical expenses and litigation in case of
an accident. Think of an extended warranty as your “repair insurance” you really
don’t want to drive without it because when things go wrong with your car, they
often go wrong in a big, expensive way.
Every year, Americans buy about 15 million new cars and 45 million used cars.
That’s one new car for every three used cars. As a result, the extended warranty
market for pre-owned vehicles has grown considerably. Just as
lemon laws protect
the owners of new cars, extended warranties protect the owners of used cars.
After all, you can’t ever really know the
car’s complete history. Who drove it?
How did they drive it? What problems might go unnoticed at the sale, only to
surface a year down the road?
Gone are the days of popping the hood and tinkering
with the engine. With today’s highly sophisticated cars running on computers
and sensors, you need a professional to diagnose and fix the car’s ills, and
professionals cost money. With labor rates ranging from $60-80 an hour, and
sometimes as high as $100, it doesn’t take much to rack up an astronomical bill.
This careful approach is a good thing for new car owners also. A typical new car
comes with a manufacturer’s warranty offering coverage for three years or 36,000
miles, or four years or 50,000 miles. For the duration of these auto warranties, the
manufacturer is responsible for repairing factory-installed parts that
malfunction. Some even offer powertrain protection to cover the engine,
transmission/transaxles, and drive-shaft assemblies. But as you well know, most
problems don’t start surfacing until the car is a few years old, which is
usually about the time that the manufacturer’s warranties run out. That’s why
it’s prudent to invest in an extended warranty before your manufacturer’s
warranty runs out. It’s cheaper that way, and you don’t run the risk of lapsed
coverage.
With all the extended auto warranties available for new and used cars, it’s well
worth investing some time in researching the options. Your outlay will reap
dividends you can take to the bank. After all, doesn’t owning a vehicle, new or
used, already cost enough with fuel, insurance and maintenance?
Please
, and stop back often, as we will try to keep you informed
about auto warranty information as it becomes available.
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