A services contract, also known as extended warranty, offers several benefits to car buyer. The added protection they offer give consumers the additional security that they require when making the assurance to finance a car. You can choose from many service contracts for used cars the one that best suit your pocket and needs.
Understanding a service contract
It can be described as an additional coverage that a car buyer can opt for at any given point of time. It is an agreement between a customer and a contractor where the latter promises to pay for certain repairs over a particular period.
Such contracts cover car far beyond the limits and lengths of the routine warranty of the manufacturer. Most of them are sold at the automotive dealerships right at the time of sale, although you can also choose to shop from different companies so as to find the best price. These are easily available for both new and used cars.
According to a study conducted, it has been found that nearly 55 percent of people prefer buying used vehicles. Just like financing needs a long-term investment, a service contract for used car is a long-term measure giving your vehicle additional protection.
When is the right time to buy a service contract?
These are optional. While some buyers might not opt for one, there are others who might just need it. Whether or not investing in a service contract is entirely your decision. There are two types of car owners – one who cannot stand the idea of paying for car protection they do not require, and those who cannot stand the idea of unexpected expenditures.
Buying a service contract is a bit of a dice roll; however there are circumstances when making the right choice is obvious. For instance, if you choose to buy a used car and have a shoe tight budget are comfortable with a service contract to rely on. For this particular segment of people, an expensive repair can create a ripple effect that might have long-term repercussions. Concord Auto Protect is one of the leading companies from where you can buy service contracts for used cars.