One area of motoring which can sometimes cause confusion for motorists is warranties. It is important to be aware of what a warranty is and why you might need one so that you can make a decision as to whether or not you need to find one to cover your vehicle.
Warranties Explained
A car warranty is a form of financial protection so that the cost of labour and replacement parts are covered if you have any electrical or mechanical faults. New cars come with a manufacturer warranty which usually lasts 3 years or 60,000 miles (but sometimes longer), after which you will need to arrange an extended warranty if you still want protection but it is no compulsory and some motorists drive with no warranty in place.
Financial Protection
Car repairs can be costly, particularly when you consider all of the latest technology that you find in modern cars. Not only this, but cars can break down at any moment so having a warranty in place can provide important financial protection that could help you to save a fortune. They can also help motorists to drive with confidence each day knowing that they are protected.
Drawbacks
In terms of drawbacks, a warranty can be a large expense and another cost of keeping the car on the road and you may not have to use it. Additionally, not all policies are the same so you need to shop around and make sure that you get an extended warranty that provides adequate protection. There are more affordable extended warranties available but often you will find that there will be more exclusions or limits to the amount of money that you can make a claim for.
Finding a Warranty
It is for this reason why you should always shop around when looking for an extended warranty to find one which suits your needs and provides adequate cover. You can get extended warranties from used car dealerships but you will find that it is usually best to go with a specialist, like Warrantywise.
Specialists are able to provide the best rates and you can usually tailor your warranty to your needs so that you can get the protection that you need and for an affordable price. No matter where you buy an extended warranty from, you should always read the small print and make sure that you understand what is and what is not covered.
Car warranties can be a smart way to protect your finances and allow peace of mind when behind the wheel. Cars can breakdown at any moment in their lifetime and they can be very expensive to repair, particularly certain types of vehicle. While they are not an essential form of cover, most motorists find it beneficial to have one in place just in case they break down.
