How to buy an Extended Auto Warranty Magnetic Springs Ohio
Extended Warrantys.net was created to assist those people who want to learn more about extended vehicle warranty, and the coverage options of those extended warranty plans. A good auto warranty might help protect a vehicle owner against costly and expensive car repairs in the future.
If you are exploring your options for an auto extended warranty, particularly, if your vehicle is no longer covered by the original manufacturer coverage. The sooner you purchase added coverage after your manufacturer warranty expires, the less expensive your warranty rate will be on the policy. In fact, it’s really the best advice to purchase extended Warranty coverage while the car is still young in age.
What is an Extended Warranty in Magnetic Springs Ohio?
Basically, it’s an insurance policy against the future high cost auto repair. You’ll pay a known upfront cost now, so you avoid getting hit with a surprise expense and repair later when something breaks. These are available for both new and used cars, but legally only the manufacturer of a specific product can offer you a warranty and it is referred as. Technically any third party coverage that you can buy is called a Vehicle service contract.
These service contracts are the most confusing and profitable option a car dealer sells. It has very tricky and confusing language, but we are here to clear it up for you. Typically you can save a lot of money if you buy a Contract from a third party seller instead of the car dealer.
The level of protection that is available ranges from the least expensive Major parts coverage up to the most expensive bumper to bumper plans.
Auto Warranty Magnetic Springs Ohio
While this type of coverage might be called different names, like an extended services contracts, these car warranties can help cover the costs associated with auto repairs and some regular maintenance for a specific time period or driven miles. An Extended warranty is not a part of a warranty that you automatically receive when you purchase a car; these types of service plans you purchase on your own.
Coverages vary widely according to the provider, so check carefully to see what you’ll be getting for your money.
Buy an Extended Auto Warranty Magnetic Springs Ohio
Many people are unaware that a consumer can purchase an extended auto warranty plan when they buy the car, or at any other point in time during the car’s life span.
However, many wait to do so after the manufacturer’s warranty runs out. While that seem like a reasonably good choice, the longer you wait to buy an auto warranty, the more costly it becomes, there’s an increased chance for more expensive and frequent repairs as a car ages further.
Find Extended Car Warranty in Magnetic Springs Ohio
When looking for an Auto Warranty in Magnetic Springs Ohio, Here are a few things you’ll need to consider to make a good decision. While we believe that extended warranties are a smart purchase for many people, they’re not for everyone. So consider the following number of factors before buying one for yourself.
Length of Ownership
How long do you usually keep your cars? Do you generally sell your vehicle after three years or so, do you drive the average amount of miles annually, and do you have the manufacturers comprehensive, 36-month warranty coverage, if so, then there’s very little reason to protect yourself with an additional extended service contract.
But, if you are the type of individual who keeps and drives a car until for its entire life span where it’s practically an antique, or if you drive an excessive amount of miles every year, than an extended warranty could be a great option for you to consider.
How about Repair History
Do a little research to see if car model you own has a track record of trouble-free operation? Or, if there are expensive repairs that are common for the car?
A little homework, just by checking consumer information and feedback from a trusted mechanic about an automobiles model repair history can go a long way. If you find out that a model has a track record of expensive repair issues, then that a good reason to buy an extended warranty.
Can you do your own repairs?
Many people are capable of handling most car repairs themselves? Are you one of them, or, is even an oil change too hard for you?
If you’re in the second group, than consider that another reason in favor of buying an extended warranty. Not to mention that cars have become increasingly more difficult to work on with all the new technology and electronics that are used to build them, most people don’t have the tools and the know how to complete repairs themselves
What’s Covered By Extended Warranties Magnetic Springs Ohio
It is import to review what is covered by an extended service contract, some extended warranties only cover “breakdowns,” while a more complete contract can also pay for “wear-and-tear” auto repairs. This means that some contracts will only pay for repairs to parts that actually break, and not just wear out over time. Also you should keep in mind that many parts never break, so they won’t be covered in breakdown contracts.
What’s Not Covered by Extended Warranties Magnetic Springs Ohio
While even the most comprehensive warranty policies don’t usually pay for expenses that are associated with exhaust systems, tires, air bags, batteries, light bulbs, glass, paint, moldings, shocks, and brake rotors, you need to check the plan to see.
You should also check and see if your Auto warranty covers repair costs due to engine overheating.
Where to Buy Extended Warranties Magnetic Springs Ohio
Extended warranties can be purchased through the auto dealer or from a third-party provider of car warranty plans.
We have found that the third-party providers usually offer the best price and least expensive warranty options that give you the most flexibility in having your car repaired at more repair shops in your area. It is important to check out the warranty company since some of them have long histories filled with denied claims, and, if your third-party provider goes out of business, your extended warranty is usually worthless.
Extended Dealer Warranty in Magnetic Springs Ohio
Meanwhile, a car dealer offered service contract is sometimes more stable. These, warranties plans tend to be more expensive, and quite often force you to only get your car repaired at the dealership. So, if your car breaks down when you’re out of town, you’ll be stuck paying the bill.
However, some dealerships do sell third-party policies, as well. So, if you are looking to purchase one of those types of extended service contract from the dealership, make sure to ask who is backing the policy, the car dealer or another insurance company.
Additional Factors to Consider in Extended Warranties
Some warranties will require that you to pay for the auto repair upfront and then reimburse you later, while others will pay the shop directly.
You’ll also find deductible’s ranging from $0.00 to hundreds of dollars. These deductibles can be classified as per-visit or per-repair which can result in a difference in out-of-pocket expenses.
Another thing to check is if the extended warranties can be transferred if you sell your car, this a nice benefit to the new owner that can help facilitate a sale.
Additionally, check to see who is paying for the towing or your rental car expense while your car is being fixed.
Most extended warranty contracts require you to perform routine maintenance in order to keep the policy valid; these conditions vary with the provider.
Car Warranties in Magnetic Springs Ohio
Warranty Coverage areas and types
Powertrain: This warranty covers the transmission, engine and all related moving parts like CV joints, drive axle and timing belt.
Bumper-to-Bumper: This type of auto warranty plan covers parts of the vehicle that are not protected or covered under other warranties. These generally include thing like audio systems, major electrical components and air conditioning. It’s important to check with your car dealer for exact specifications of the coverage. This warranty type may also be known as “New Car,” “Factory Coverage” or “Premier Plus” warranties
Full Coverage: This plan is the most comprehensive option out of all the automobile warranties. It covers most of the major parts and usually includes things like roadside assistance, towing, a rental car reimbursement and common wear and tear on the vehicle. Despite the Full Coverage name, it does not cover all of the components. So, be sure to review everything and read the fine print of the plan before buying.
Components: This is a very good alternative to a full coverage policy, because it can protect designated components at a good price. Again, make sure you know exactly what parts the warranty covers, before you purchase.
Roadside Assistance: These plans provide customers with help in fixing flat tires, dead batteries, towing and keys locked in a car. Your Car Dealer may provide these features of coverage in the Bumper-to-Bumper package, or as a separate warranty plan.
Batteries: Bumper-to-Bumper warranties often cover batteries. Although some dealerships do offer separate battery warranties, usually lasting two to three years.
Hybrid Components: Warranties like these, as the name implies, cover hybrid components like HV batteries, battery control modules and hybrid assist motors. Coverage term is usually lengthy, up to eight or ten years and 100,000 miles.
Rust or Corrosion: Rust through coverage in this type of warranty protection covers you against rust-through problems with the vehicle’s sheet metal. Usually it comes with no mileage limits, but in most cases, surface rust is not covered under this plan.
Emissions: There are two types of emission coverages, one is performance and the other is design and defect coverage. A performance warranty kicks in if your vehicle fails an emissions test during the first two years or first 24,000 miles. Although, it’s possible that some of the emission components may be protected for up to eight years or 80,000 miles.
Design and defect protection is also good for two years or 24,000 miles, depending on which comes first. Under this warranty you’re covered against manufacturing design defects.
Here are a few tips when looking to purchasing a Car warranty in Magnetic Springs Ohio
- Never buy your coverage at the dealership – You will pay too much!
- Never buy an extended warranty on price alone – Avoid ultra cheap plans.
- Always review the warranty contract before buying.
- The dealer’s glossy brochure is not a contract!
- Get quotes before even going to the dealership
- Get multiple quotes to compare price and coverage
- If you can’t find information on the company at the Better Business Bureau don’t buy from them.
Here a few Tips after you purchase an Extended Warranty
Perform the required Manufacturer’s Maintenance on your vehicle
A warranty service contract warns you to maintain your automobile according to the manufacturer’s schedule stated in the vehicles owner’s manual. You need to keep up all the required maintenance such as, oil changes, and all fluids and filters. Make sure to use only approved parts and fluids, and keep all your receipts as proof that all the proper maintenance has been performed. This will help prevent any issues later on if acclaim is filed on a covered repair.
Some companies are very strict to all these policies and will use it as a way to avoid paying for covered repairs.
Use a maintenance logs and keep it in you contract books so you can log each service performed on the car and have it readily available for review.
How to Avoid Issues When Making a Claim
When you need to make a claim, you want the process to be as smooth and hassle free as possible. Be prepared in advance and read our advice on the best practices for getting your claim approved.
Buy an Auto Warranty in Magnetic Springs Ohio
As you can see there are a lot of great programs and reasons to purchase one type of extended Auto warranty for your car, just do your homework to make sure you’re getting the coverage that fits your specific requirements and then make sure you follow the requirements to prevent any future headaches, here is some additional resources to check out click here