Volvo Extended Warranty: Get Your Most Important Questions Answered
To what extent is your vehicle already under warranty, and is this coverage in sync with how long you anticipate owning it? If the car you've just bought is new, take a close look at its factory warranty before making an extended warranty decision. If, for example, the vehicle has a factory warranty of three years or 36,000 miles, and you plan on keeping it for two or three years -- with an anticipated annual mileage of about 10,000 -- then an extended warranty makes little sense, since you'll likely be covered under the manufacturer's plan. However, if you plan on keeping the car long after the factory warranty expires, an extended auto warranty is worth considering. If the car you've just purchased is used, you'll need to ascertain if there is warranty coverage from the dealership (coverage periods may range from as little as a month to up to a year, or more). If you're buying a late-model used vehicle, it's possible that the vehicle's original factory warranty is still in effect (this will be dependent on how many miles the car has under its tires, and on how much time has passed since it was originally titled). Some manufacturers also offer "certified used" programs that extend original factory warranty terms on pre-owned vehicles. If the car isn't under warranty, or if you plan on keeping it past its warranty's expiration, an extended warranty makes sense.
Volvo Extended Warranty: Get Your Most Important Questions Answered
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Volvo Extended Warranty: Get Your Most Important Questions Answered
Once you choose whose auto warranty you would like, you'll typically find that you are offered different levels of coverage within the same brand of contract. Some of those levels are for parts coverage, some are time and/or mileage levels and some are for the amount of your deductible. First take time to evaluate thoroughly what you estimate your requirements will be for time and mileage, and base the majority of your decision on this factor. Some of you may put a lot of miles on a vehicle in a short time period, so a high mileage plan (rather than an extended time plan) may be your most cost-effective option. Conversely, people looking to keep their vehicle indefinitely while not driving it long distances may want a longer time period plan with lower mileage coverage.
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