Have you ever thought of buying an auto warranty or car protection plan? Did you choose not to invest money in one just because you think it is not worth it? Although many people have heard the term auto warranty but they are not sure they should actually spend money on it?
Here we will help you get a better understanding of what exactly extended auto or car warranty is. Although both are slightly different things, on the basis of who backs them, both are basically an extended service contract covering the cost of some repairs and problems after the original warranty of the manufacturer comes to an end.
Next, we need to find out whether or not investing money in such plans is worth the money. There are several misconceptions that they are highly expensive and rarely do you get what you pay for. This is primarily because most dealerships mark up the warranty plans quite a bit. While you can shell out a lot of money for a warranty that covers everything, expensive vehicles, you can choose an affordable option on the basis of your budget and needs. Let’s find out the reasons that make them true:
Monthly payment vs. Lump Sum–Do you have $1000 in your bank account that you can use immediately for paying expensive car repairs? Well, the fact is that most people do not have this much amount in their bank. Thus, they end-up relying on credit card to pay car repair bill. There are several car protection policies that offer budget-friendly and convenient monthly payments covering several costs of majority of coverage.
24-hour roadside assistance–It is the most important part of warranty plan. There are many car protection plans that offer 24 hour roadside assistance. Not only you get roadside assistance, there are several other benefits such as lock-out services, lost key, towing and emergency fuel service, to name a few, you get to enjoy with an auto warranty coverage.
Tire protection replacement
When you drive your car regularly then you need to get it replaced at some or the other point. This often costs dearly. However, a good extended protection policy for car will offer this added benefit, and pays to replace or repair your tires as and when they need it.
These are just some of the many reasons why investing in auto warranty plans make for worth a decision.