23. December 2017
Generally, people purchase an aftermarket auto warranty or an extended auto warranty for their vehicles when their factory warranty comes to an end. When you purchase an aftermarket auto warranty, your warranty provider covers the costs of repair and replacement of specific car parts. Here are some things you should remember when thinking about purchasing an aftermarket auto warranty:
An aftermarket auto warranty usually doesn’t cover the costs of repair and replacement of parts that break down due to wear and tear. An aftermarket bumper to bumper warranty will cover costs for repair and replacement of most parts in your vehicle, but usually this does not include tires, brakes, etc. that break down to wear and tear. However, there are companies that offer warranties that cover wear and tear parts as well. It is wise to buy a warranty that covers wear and tear parts even if this means that is more costly to purchase than a regular mechanical warranty. This is because almost 80% of your car’s repair costs are a result of wear and tear problems that arise. An auto warranty that covers wear and tear issues will help you save a lot of money, especially if your vehicle is older.