How to Get a Cheap Extended Car Warranty
Buying an extended car warranty is a smart move for anyone who wants to have peace of mind that comes with knowing they can cover some or all of the costs of unforeseen repairs. However, not all warranties are made equal. Some are significantly more affordable than others, and if you know what to look for you can get one of the best deals on an auto protection plan.
To save money, you should avoid purchasing a warranty at the dealership. Instead, find a third-party company that will provide quotes from multiple companies and help you compare prices. This will ensure you’re getting the cheapest extended car warranty possible for your vehicle. A car protection specialist can also help you save by choosing a plan that has a lower price per month and a smaller deductible.
There are many different companies that offer extended car warranties, but the cheapest options often come from smaller providers. For example, CARCHEX and Protect My Car offer plans that are cheaper than those offered by Endurance or CarShield, but they also have a lot of fine print that can end up costing you more in the long run.
When comparing prices, you’ll want to take into account the total cost of the plan as well as the monthly payments. For example, a $2,400 plan may cost less than a $3,600 plan if the first option has a smaller deductible and you can pay it off in less time. However, the latter option offers much more coverage and will likely be more expensive in the long run.
You’ll also want to consider the covered period and mileage cap of the extended car warranty. For example, a powertrain warranty may be cheaper than a bumper-to-bumper policy, but it will not cover as many components or last as long. Similarly, a corrosion warranty could be worth the investment for people who live in areas that are prone to rust.
In addition to comparing the cost of an extended warranty with other providers, you should also think about whether the company offers financing. Some companies will allow you to include the cost of a warranty with your car loan, making it easier to manage your monthly payments. This option may cost more in the long run, but it can be helpful if you’re trying to limit your expenses.
Another way to make an extended warranty more affordable is to purchase it early. By purchasing the plan when your car is new or has low mileage, you’ll be able to get the most bang for your buck.
Lastly, you should check to see whether your car still has its manufacturer’s warranty in place before buying a coverage plan. Otherwise, you could be duplicating the coverage that is provided for free by the manufacturer. You should also avoid buying a plan for a vehicle that has high mileage, since this can increase the cost of the coverage. cheap extended car warranty