Assets such as cars will always need protection against threats affecting their functionality. There are
several ways of protecting your assets against damage. However, getting an extended warranty is one of
the least used methods in doing so. This form of warranty is one of the most underrated and often
misjudged ways of securing your investment. As a reasonable and responsible car owner, you may have
encountered misconceptions that darken the reputation of extended warranties.
This article digs into extended warranty to fish out six wrong things about the extended warranty
worthiness. That will put you up to speed and make you invest in an extended warranty.
Extended warranties are unworthy.
This is a common misconception about extended warranty that views extended warranty plans as
unworthy. Well, despite the fact some extended warranty plans might be costly, that does not make
extended warranty plans unworthy. Extended warranty plans cost varies depending on the plan you are
going for. That means the more car parts you need to be covered, the more you will pay. That fact does
not make extended warranties expensive.
Eventually, investing in extended warranties will help you achieve peace of mind, making purchasing an
extended warranty worth the cost.
Extended warranties are the same as the manufacturer’s warranty.
You might have encountered such misleading information about extended warranties not once, not
twice, but severally. This baseless fact makes it seem that extended warranties are no different from the
manufacturer’s warranty. Well, truth be told, the two are different and cannot be stuffed into one.
Extended warranties do not come initially with a brand-new vehicle, as with the manufacturer's
warranty. Manufacturer or factory warranty is assigned to all new cars out of the factory doors. On the
other side, extended warranties are always purchased when the manufacturer's warranty is nearing
expiry.
Additionally, the manufacturer's warranty coverage is less extensive since it covers fewer parts than a
factory warranty.
Extended warranties can only be purchased from dealerships.
Another thing about extended warranties is that all warranty plans are purchased from dealers only.
This point is wrong, stating that you can only get an extended warranty plan from the dealership that
sold you the car. Well, it is common for most car dealerships to offer an extended warranty as an extra
add-on. That does not mean the extended warranty can only be strictly purchased from the given
dealership.
However, the truth is that extended warranty plans get purchased from other third-party providers.
Third-party providers are companies that have been assigned to provide extended warranty plans to
customers. As you plan on securing an extended warranty, do not relay to the information that says
extended warranties can only be acquired from dealers. The extended warranty industry is broad, and
plenty of providers exist.
All extended warranties have no difference.
Extended warranties will always be different as much as such kind of information keeps on spreading.
Like insurance premiums, the extended warranty plans are relatively the same and work similarly. The
extended warranty plans come with different coverage parts, duration, deductibles, and terms and
conditions. When in the quest for an extended warranty plan, you are advised to keenly read and
understand the fine print to be up to speed with how an extended warranty works.
That makes the fact that extended warranties are the same to be misguiding information to potential
customers.
Extended warranties are unworthy of a reliable car.
Car owners with cars in good shape will always come up with such ideologies and believe in them.
Unfortunately, as time keeps ticking, they realize how wrong they are. That is because as depreciation
keeps eating up your car, the more the chances of faults and damages keep growing. On top of that,
calamities ring no bells. Sudden faults can turn out to be very costly to manage personally. Your car's
reliability does not make you immune to damage.
Extended warranties cover all repairs.
The assumption that many people believe that extended warranties cover all parts of a car is misleading.
That isn’t how extended warranties operate. The limitation behind extended warranty coverage is that
they only cover some parts since they have exclusions. Wear and tear parts such as tires and brakes are
excluded from extended warranty plans. Therefore, it is wise to learn of extended warranty exclusion
before investing in an extended warranty.
Conclusion.
Extended warranties help you avoid many shortcomings when owning a car. Damages are inevitable
during car ownership. On top of that, costly damages are also prone to occur. The best remedy to
dealing with that is through securing an extended warranty. Sadly, not all facts about extended
warranties favor their existence. There are common misconceptions that some car enthusiasts tend to
believe in. Gladly, the information has clearly outlined the wrong things you might be knowing wrong
about extended warranties.
In case you need services related to extended warranties, we are just a phone call away. Give us a call at
+1-866-660-6444 or write to us via email at info@a-protectwarranty.com.