- January 30, 2018
- By concord
- In Blog
- Tags extended car warranty, extended vehicle warranty
After rejecting and declining initial offers of an extended vehicle warranty, many car owners sooner or later discover that the cost of one repair is much higher than investing in a warranty plan.
Even worse, there are some vehicle owners who accept the fiscal burden of an auto warranty, only to find out that the mechanical trouble they experience is not covered by their warranty plan. You can easily avoid these difficulties by understanding what extended warranties cover, the differences in the plans available and what all they do not cover.
An extended auto warranty is often best considered as a pre-paid repair contract. It obligates the company that issues warranty plan to pay for repairs that are included in the plan opted by you. Often, these warranty plans are
offered by vehicle manufacturers or retailers. The contract usually specifies the number of kilometers and/ or the time duration for which it is valid along with the mechanical system that it covers.
Here are some of the most common arrangements:
The choice is entirely that of a car owner. These are just some of the many arrangements that are available for you to choose form.
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