Shopping for the best new car warranty can be a challenge, so here are a few thoughts that might be helpful.
A new car, for extended new car warranty purposes, is defined differently than you might expect. As long as the vehicle is still under the manufacturers original warranty (usually 3 years/36,000 or 4 or 5 years/50,000 miles) it will qualify for new car coverage with most providers.
So, if you did not buy coverage when you bought that brand new car, don't despair. You still have a chance. Just do it before your new car warranty expires!
New cars today are the best ever built and for the most part the most reliable. They are also the most complex with computers, sensors, and advanced electronics. This is a reason the people who work on these cars are now called technicians and not mechanics. The day of the "shade tree mechanic" is rapidly drawing to a close.
The easiest course of action is to buy the extended warranty or vehicle contract from the dealer. Three reasons you may want to shop around:
Not all extended new car warranties are created equal. Generally people think dealers sell manufacturers extended warranties. Some do and many do not.
With a manufacturers extended warranty you can be generally assured the coverage will be good. The downside is that the price is likely to be high. A good reason to compare. For those dealers who offer a third party vehicle service contract the quality and coverage can vary quite a bit. A better reason to shop and compare.
Remember to always ask to see the actual contract and not just a brochure or a salesman's pitch. ( Please see my report for more tips.)
There are quality providers in addition to autoPOM! on the internet. It pays to take a few minutes to do your homework before committing.
The dealer will make it easy by adding the cost of the extended new car warranty to the amount you finance. autoPOM! and others also have financing available to fit your budget, so don't go the dealer route just because it's easy. Also remember as long as your vehicle is still under the manufacturers warranty you can still buy the best new car warranty at a reasonable price.
Often with a dealer sold contract you are required to return to that dealer for repairs, or to an authorized dealer of the same brand. With many others (like autoPOM!) you can take your vehicle to the licensed reapir facility of your choice.
There are basically two types of extended car warranties. One names the parts that are covered specifically and the other, usually more expensive plan, names the items that are excluded.
Which is the right one for you?
If you have a basic car without lots of extras like a navigation system and other fancy electronics, the named components coverage will probably be best new car warranty for you. Be sure to review the list of covered componenets.
If your vehicle is loaded with gizmos I'd opt for the exclusionary plan. Check the list of exclusions. Some companies offer a hi-tech package that will cover most electronics on your vehicle for an extra charge.
If you plan to keep your car past the term/miles of the manufacturers warranty and aren't wealthy, you should probably consider a new car extended warranty. Do a little research and then buy with confidence. Peace of mind for a few dollars a month can be a very good feeling.
I invite you to check out autoPOM!. Let us help you find the best new car warranty. We would like to earn your business.
If auto-POM! can be of service to you please contact us using any of the following methods...