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Is an Extended Auto Warranty Less Expensive in the Long Run

Is an Extended Auto Warranty Less Expensive in the Long Run Image

One of the factors that sometimes inhibit consumers from going with an extended auto warranty is the higher cost of the coverage.  While there are situations in which the budget is already so tight that it is impossible to stretch to the extra cover, it is important to think not only of the upfront expense but also what failing to secure that extended plan may cost down the road.  The financial relief provided by the warranty, should certain events occur, means that the savings can be significant.

An extended warranty plan typically offers a level of protection that is above and beyond the coverage provided by a basic warranty.  For car owners who make use of their vehicles on a daily basis, especially for driving long distances, this extra cover can be very important.  The terms of the warranty will often call for regular maintenance, with discounts or even free servicing when the work is done at an authorised shop.  That regular maintenance helps to reduce the chances of a major issue arising, which in turn means less inconvenience due to a lack of transportation and less out-of-pocket expense when there is a need to pay for a major repair.

While the hope is that you never have to actually make use of the major benefits found in an extended auto warranty, having them in place can save a lot of money even if only one or two covered events should take place during the course of the coverage.  If there is any way to afford the extended plan, do yourself a favour and secure this type of coverage.  In the long run, you will be happy that you did.

Author - Michael Barclay

published: 10/06/2011 14:00:00

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