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Extended auto warranty insurance is one of those "piece of mind" purchases that some people think are only for fools with money to throw around. After all, the warranty that the manufacturer offers should be plenty, and after that, the costs are just too high. But when you are talking about a major investment like a vehicle, how high do the costs have to be to make them not worth protecting your ride? And how low do they have to be to seem like a wise investment?
For those who worry about the high costs, a powertrain extended warranty might be a good solution. This type of extended warranty covers the engine, transmission and drive train - the parts of a car that tend to cause the most expensive repairs after an original warranty has expired. The beauty of the powertrain warranty is that it protects the owner of the vehicle from the worst of the possible repair bills, but without costing a fortune. Powertrain extended warranties tend to be much cheaper than other options, for the simple fact that they cover fewer items on your car.
For those car owners who think that an extended warranty is a wise investment, and want to be protected no matter the situation, a bumper to bumper extended warranty might be worth a look. These warranties can still vary in cost and coverage, from covering just a little bit more than the usual powertrain extended warranty would cover for a slight increase in costs, to covering practically every aspect of a vehicle that was covered by the original standard manufacturer's warranty. This last option is usually the most expensive, of course, as the company will usually be on the hook to pay for more repairs. But if you have a car that you plan on keeping for many years to come, or a higher performance vehicle that would turn any replacement or repair into a pricey experience, you might find yourself getting good value on the dollar with this type of coverage.
In the end, the extended auto warranty insurance that you choose will depend solely on you and your car. There is a difference between value and cost, and you will have to figure out where the tipping point is for you for an extended warranty. At what point does the value they offer later become more worthwhile than the costs out of your wallet right now? Once you figure that out, you can determine what sort of coverage will suit you best.
For those who worry about the high costs, a powertrain extended warranty might be a good solution. This type of extended warranty covers the engine, transmission and drive train - the parts of a car that tend to cause the most expensive repairs after an original warranty has expired. The beauty of the powertrain warranty is that it protects the owner of the vehicle from the worst of the possible repair bills, but without costing a fortune. Powertrain extended warranties tend to be much cheaper than other options, for the simple fact that they cover fewer items on your car.
For those car owners who think that an extended warranty is a wise investment, and want to be protected no matter the situation, a bumper to bumper extended warranty might be worth a look. These warranties can still vary in cost and coverage, from covering just a little bit more than the usual powertrain extended warranty would cover for a slight increase in costs, to covering practically every aspect of a vehicle that was covered by the original standard manufacturer's warranty. This last option is usually the most expensive, of course, as the company will usually be on the hook to pay for more repairs. But if you have a car that you plan on keeping for many years to come, or a higher performance vehicle that would turn any replacement or repair into a pricey experience, you might find yourself getting good value on the dollar with this type of coverage.
In the end, the extended auto warranty insurance that you choose will depend solely on you and your car. There is a difference between value and cost, and you will have to figure out where the tipping point is for you for an extended warranty. At what point does the value they offer later become more worthwhile than the costs out of your wallet right now? Once you figure that out, you can determine what sort of coverage will suit you best.
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