Why Buy a Vehicle Service Contract a.k.a. Extended Warranty

Cost will vary according to vehicle but you need to decide if the monthly fees will be worth the coverage. With most repairs being quite expensive, we expect you’ll find a contract that can be of use to you.

Depending on the contract, your car could be covered in the case of serious accidents or simply typical repairs. Make sure you understand the extent of your coverage and read the fine print. Most contracts aren’t designed to cover issues like overheating so you decide if that would be a problem or not. If your car is older and susceptible to corrosion inside, a worn radiator or even broken water pump, this should factor into your decision.

So as you begin your search for a contract that suits your vehicle’s needs, make sure you know the vehicle inside and out. Getting it inspected for a better understanding of what repairs are to be expected in the future can’t hurt. Then based on this information, get the service contract that works for you.

• Does my contract require specific repair companies? Do I have a preference?
• Will I be reimbursed for the repairs later or paid on the spot?
• How long until I am reimbursed?
• What exactly is my coverage?
• How much would I pay for a service plan v. out of pocket?