Problem Solver: Extended Warranty Extended - News Channel
One or more standard features may be included that make the contract more economically feasible, such as roadside assistance, covering items such as a tow service or, in worst-case scenarios, hotel bills, food and other unforeseen expenses when stranded away from home. Another feature could be a buy-back clause that allows you to get part or all of your money back if you do not use the contract. The buy-back clause makes getting a warranty a more financially acceptable situation for many people who are considering the purchase. Check also to see if the policy is transferable, as this is an excellent selling point if you decide to get rid of the vehicle before the extended warranty policy expires.
Problem Solver: Extended Warranty Extended - News Channel
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Problem Solver: Extended Warranty Extended - News Channel
An extended auto warranty can be purchased to prolong the coverage of the bumper-to-bumper warranty. Most people are familiar with the extended warranty that is sold at dealerships. This is sometimes called a "factory warranty" because factory-trained technicians perform the required work on the car. There are also "third-party" warranties which can save consumers money but are generally less convenient to use. Many third-party warranties require out-of-pocket payment for repairs before reimbursement. Weigh all these factors carefully before you make your choice.
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