You know that saying about first come, first served? This is sort of like that but in a more sophisticated way. Most car brands come with a warranty that lasts three to five years, which is grand – but it doesn’t protect your pocket or your car in the long run.
Get an extended car warranty as soon as you can after getting a new car. The more your car ages, the more it will cost to get an extended warranty.
That is the golden trifecta to being a good car owner – maintenance, extended warranty, and fully comprehensive insurance. Below are five tips to save money on an extended warranty for your car:
1. Get One Early
You know that saying about first come, first served? This is sort of like that but in a more sophisticated way. Most car brands come with a warranty that lasts three to five years, which is grand – but it doesn’t protect your pocket or your car after that.
Get an extended car warranty as soon as you can after you get a new car. The more your car ages, the higher the cost will be to extend the warranty.
2. Don’t Waste Money
Most extended warranties on the market these days require you to pay a deductible every time you take your vehicle in for work. A higher deductible will mean that you’ll pay a lower monthly payment, but car parts are expensive and when the time comes, that higher deductible will hurt your pocket.
You should rather figure out how much you can comfortably afford to pay when you need to claim and offset that by your monthly premium – regardless of whether you drive an automatic or a manual car.
3. Choose Wisely
Will most extended car warranties don’t cover routine maintenance like brake services and oil changes – that means you won’t need to get your car serviced at a dealership. Everyone knows that dealerships charge more than independent mechanics, but there is usually a good reason for that.
Dealership parts generally last longer and are higher quality than generic parts. Do research first before selecting a Honda extended warranty – the more you know, the better decision you can make.
Dealership warranties cost more, but some people prefer them. It is entirely up to you.
4. Customize Your Policy
Extended warranties can vary greatly in price. You can choose a policy from a few hundred dollars – all the way to multiple thousands of dollars! Some dealerships make you jump through hoops to get the best deal, and customers often give in and take an exaggerated policy they don’t really need.
Choose your level of coverage wisely and ensure that you get the deal that suits your needs – extended warranties aren’t always a one-size-fits-all deal.
5. Avoid Unnecessary Pitfalls
Shop around when choosing the best extended warranty for your vehicle. Ensure that you know precisely what is covered and by how much. That way, you can avoid unnecessary pitfalls which could leave you digging far too deep into your pockets.
A simple Google search should tell you everything you need to know – alternatively, ask the sales agent assisting you if anything is unclear. Armed with that knowledge, you’ll be able to find the best deal for your car in no time.