Some nearly mirror the bumper-to-bumper coverage of a new vehicle's original factory warranty, while others are limited to specific vehicle components, such as engines and transmissions (powertrains). Many warranty providers offer various levels of coverage at different price points. When an ...
WarrantyVehicle Service Contract (VSC) Cost Factory warranties (or implied warranties) are included in the new vehicle’s financing. The price of a VSC depends on the car’s age and model. You pay for the contract and a deductible that’s charged per visit or repair. Repair Facilities A ...
even after termination of the factory warranty, the price of the coverage will generally increase as your car gets older. The best time to add the coverage is typically just before theoriginal warranty expires, especially if you plan on keeping the vehicle rather than trading ...
Car dealers make a profit on the extended warranty, sometimes as much as they make on the car! Buyers can negotiate the price of the warranty just as they did the price of the car. The working assumption is that dealers pay about 50 percent less than the asking price for the warranty....
Compare service contracts with the manufacturer's warranty before you buy. New cars come with a manufacturer's warranty, which usually offers coverage for at least one year or 12,000 miles, whichever comes first. Even used cars may come with some type of coverage (see table below). ...
Buyers can even shop different dealerships by calling the finance managers at the other stores. A buyer can tell the dealer who sold the truck that he's going to check with the competition to find the best price.More... 14) What is a Double Warranty?
The separate and additional cost distinguishes a service contract from a warranty. The Terms Before deciding whether to buy an auto service contract, ask these questions: Does the service contract duplicate any warranty coverage? Compare service contracts with the manufacturer's warranty before you buy...
Does the service contract duplicate any warranty coverage? Compare service contracts with the manufacturer's warranty before you buy. New cars come with a manufacturer's warranty, which usually offers coverage for at least one year or 12,000 miles, whichever comes first. Even used cars may come...
Buyers can even shop different dealerships by calling the finance managers at the other stores. A buyer can tell the dealer who sold the vehicle that he's going to check with the competition to find the best price.More... 14) What is a Double Warranty?
or pay for) certain repairs or services. Sometimes called an "extended warranty," a service contract is not a warranty as defined by federal law. A service contract may be arranged at any time and always costs extra; a warranty comes with a new car and is included in the original price...