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When looking for an extended car warranty, it is vital that you do not sign on the day of purchase. You should not be pressured to make a decision today. The sales team might tell you that the plan is only available for new vehicles hence the decision needs to be made today. You need time to also assess if the cost of an extended warranty makes sense.
It is not necessary that you buy an extended warranty where you bought the car. Because there is a lot of money to be made from these plans, the sales staff might say anything to induce you to make a purchase immediately. A quick search on the internet is going to give you all auto insurance companies with different plans that can be bought at any time.
Read the fine print of the warranty. Inquire if the warranty provider is going to pay for an initial diagnosis.
Reading the Fine Print of an Extended Warranty
Cars are not hard to fix but they are not easy to diagnosis. You should therefore ensure that your plan pays for diagnosis. You do not want to find yourself in a position where you have to spend a lot of money on finding out what the issue is with your car.
Find out if the warranty that is being offered is a captured warranty. This is a plan which is sponsored by the manufacturer or a company that has a special pricing arraignment with the seller of the car. A capture plan is not good for you. If you get bad service from your dealer and you have a captured plan, you will not be able to change providers. Captured plans are ideal for the company and not for you. Select a plan that will allow you to go anywhere to have your car repaired.