What Are The Pitfalls When Choosing A Warranty Plan
Saturday, October 25th, 2008Choosing a warranty plan is more than just deciding whether you want to go directly through an online provider or accept an offer from your dealership. Auto extended warranties come in many coverage levels, with some covering wear and tear or overheating, while others cover only mechanical breakdowns. You may have heard of “bumper to bumper” coverage before, but what does it all mean? What is necessary and what is just fluff? Before you buy, be sure to iron out the details so you don’t become one of the court claims.
You may be wondering, “Do I need to purchase a warranty plan, or will I be covered by my car manufacturer’s warranty?” In some cases, people have purchased two-year extended warranty coverage only to find that they had already been covered just fine by their manufacturer. According to the consumer site CarSmart.com, the best coverage is on high-end luxury sports cars, like Aston Martins, Lamborghinis, Ferraris and Rolls-Royces, which are covered until 999,999 miles.
At the next tier, you’re covered for five years (or 60,000 miles) if you drive a Mitsubishi, Kia, Infiniti or Hyundai. You’re covered four years (or 50,000) miles if you have an Acura, Audi, BMW, Buick, Cadillac, Hummer, Isuzu, Jaguar, Land Rover, Lexus, Lincoln, Maserati, Mazda, Mercedes, Mini, Porsche, Saab, Volkswagon or Volvo.