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Add on Warranties for New Cars

If you are purchasing a new car, then you're probably going to be getting a warranty with your vehicle, especially if you are getting a new student car. These days, car manufacturers have taken to offering some pretty good car warranties with their cars. However, not all of them are going to offer you the warranty that you want for your vehicle. In this case, there are some options that you have for getting some extra coverage. A lot of places will offer you add on warranties for your car.

When you are getting your new vehicle, you may be offered an add on warranty by your financial institution. The bank or credit union that is going to be holding your loan may be willing to offer you the opportunity to get some more coverage for your vehicle for a longer period of time. It also may end up covering some mechanical failures that the manufacturer's warranty does not offer to you. You'll want to think about this carefully before you make a decision regarding whether you want to add it or not. You may decide it's not the right thing for you to purchase at the time.

Considerations Before Purchase

Before you agree to purchase an odd on warranty, there are some basic things that you are going to need to discuss. First off, and this is going to be the most important to a lot of drivers is, how much money is it going to cost you to get this extra coverage? Once you have determined what the price is, then you're going to need to figure out how you are going to be asked to pay for it. Is it just going to get added on to the amount of your loan or will you need to pay it up front?

Another thing that you need to think about before you agree to purchase an add on warranty is how long it is going to last you for. This is going to be a really important thing for you to figure out, as you will need to know how much coverage you are going to get in addition to your manufacturer warranty. Is this type of warranty going to be assessed in terms of miles or is it going to be assessed in terms of years? Find this out before agreeing to anything.

Finally, you are going to need to sit down and figure out just what kinds of things this add on is going to cover for you. Is it going to be just a traditional extension of the manufacturer's warranty, or is it going to offer you something special? A lot of times, these add ons will cover repairs that are not covered by a manufacturer's warranty. If this is something that you are interested in, then you may want to look it over to see what kind of coverage you can get for your vehicle.

Ask Lots of Questions

Before you consider add on warranties for new cars, you are going to need to spend some time reading over the paperwork and asking questions. There are bound to be some things about the warranty that you do not understand or want some more explanations of. If this is the case, then you need to make sure that you sit down with whoever is offering the warranty and discuss some of these issues. If all of your questions are answered and you are satisfied, then you should feel free to go ahead and get the add on warranty for your car.


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