extended auto warranty

“I estimate that the WCPSOnline website has helped us to be over 40 percent more efficient over the last two years,” explains Warrantech VP Link Wiley. “But it is not just about cutting our costs. The cycle of authorization, repair and payment is shorter, so service centers save time as well. Essentially, the customer gets faster service, the service centers get paid quicker and we are able to keep the pricing of our warranty plans competitive.” By modernizing their operations, this highly esteemed warranty company is able to improve customer satisfaction through process efficiency. They work with dealerships to offer new car warranties, but they’re also marketing to people who are looking to extend their used car warranties as well.

The most popular plan offered by Warrantech is the Repairmaster. The “Powertrain Coverage” plan includes the engine, turbocharger, transmission, drive axle and transfer case components. Or you may choose the “Select Coverage,” which includes all powertrain components, as well as electrical, steering, air conditioning and brake components. The third plan offered is the “Deluxe Coverage,” giving you everything in the Select Plan, plus cooling, front/rear suspension, fuel delivery and enhanced electrical components.

There are also optional surcharged plans to accommodate vehicles that get a lot of wear and tear. For example, the Commercial Use plan, the Seals and Gaskets plan (for vehicles with over 80,000 miles), the Enhanced Electrical plan and the Conversion coverage plan (for recreational vehicles). With all plans, you’ll receive travel/towing bonuses.

Warrantech extended warranty coverage offers everything consumers need from a warranty company. They give up front details on their site (like executive names and company history), they offer several levels of coverage to choose from, they have a proven track record for success, they’re AM-Best and BBB approved, and their customer service is often touted. You can get coverage for 1 year/12,000 miles up to 7 years/100,000 miles at an affordable rate, but you’ll have to contact them online for an extended warranty quote.

The one downside to Warrantech is that you have to go through their approved network of dealerships. Not everyone feels comfortable with this, since some people prefer family or local mechanics. If you don’t have extreme loyalty to a certain mechanic, then the Repairmaster is certainly a plan to consider, since you can buy coverage for wear and tear, as well as gaskets and seals, while also receiving travel reimbursements! If you’re the sort of person who needs peace of mind, then the extended warranty program will be well worth the money for you.

new car warranties

Most adults use comparison websites to look up different options and prices on consumer goods or services. You can check AutoWarrantyResearch.com or AutoWarrantyShopper.com to get an idea of who’s offering an extended warranty plan. (You can also check a site like RipOffReport.com to see who NOT to call!) Once you have a few companies to look up, it is recommended that you follow several shopper savvy tips to ensure the best deal for you and your investment.

First of all, be sure you’re dealing with a solid company. See that they’re listed in the Better Business Bureau or Web Assured, and that they have years of experience. For example, Warranty Direct has been in business for 26 years and NWC have been in business for 20 years. Read consumer comments and testimonials, check to see if the company services any dealerships and ask if they have a reinsurance program, which means they will be good for the money, even if many people are filing claims all at once.

You may have heard that it is next to impossible to find a warranty company to cover some cars. For example, forget about snagging a deal on your low-end Land Rovers (with poor quality, frequent and costly repairs). If you have a turbo engine in your Porsche or a really old car, then you may have a hard time finding an extended warranty plan as well. If you’re stuck in this situation, you may want to consider putting $5,000 into a long-term CD or money market account to save for repairs. If you have an older high mileage vehicle, then you can still find a reasonable deal through Warranty Direct, which covers vehicles up to 150,000 miles (”PowerShield Plan”). NWC also has a plan covering you up to 90,000 miles (”AutoXtra”), which covers components like the engine, transmission, drive axles, belts, water pumps, fuel pumps, rental car insurance and emergency roadside assistance. Before you visit the dealership to wheel and deal, be sure you arrive with an online quote in hand as a bartering tool.

As a general rule, new car warranties are cheaper on reliable cars like Honda and Toyota than on cars like Kia, Land Rover and Ford. You won’t lose much coverage or money by waiting 100 miles or even 14,000 miles after purchasing your vehicle, but after that, you will get less bang for your buck. The more repair data that surfaces on your vehicle over time, the more the extended warranty plan companies will charge for your make and model. Don’t get scammed by your dealership, but certainly do your research and aim to buy before your mileage accrues.

extended auto warranty

If you’re buying a brand new Lexus or Toyota, then chances are you won’t need an extended warranty. If you’re buying a Pontiac or a Jeep, then it’s a toss-up and you may end up breaking even with the purchase of an automotive warranty. If you’re buying a flashier-but-less-reliable Mercedes-Benz, then you should consider a warranty, according to Consumer Reports. You can buy these warranties online or at a dealership, but there are many things to look for prior to purchasing. The most important thing is that you relax, research and not allow yourself to be pressured into anything.

One thing to consider when you’re researching extended warranty options is where to purchase from. Many people choose to buy their used car warranties or new car warranties straight from the dealership. There is a natural inclination to trust a dealer or a manufacturer more than an online seller, but most online, car extended warranty coverage is much more affordable and comprehensive than what your dealer would offer. When you buy from the dealer, they go to a company offering warranties (sometimes the manufacturer, sometimes a privately owned company) and they barter for offers. By going directly to a company online, you’re essentially cutting out the middle man and saving yourself money.

Another factor to consider is auto warranty for “wear and tear.” This type of warranty can be hard to find, since many only cover mechanical failure. However, you can definitely find extended warranty coverage that includes “wear and tear,” thereby covering parts like the idler arm, piston rings, U joints, CV joints, wheel bearings, motor mounts, suspension bushings, tie rod ends, seals, gaskets and other engine parts that gradually wear down and may or may not cause a mechanical breakdown.

If you have an anti-lock braking system, then you’ll want to make sure your coverage extends to ABS and instances of overheating. The comprehensive website, carbuyingtips.com recommends Warranty Direct and Nation Warranty Corporation, which both include “wear and tear” in their plans.

Lastly, you’ll want to ask a few nitty gritty questions. Does your warranty company deposit part of your money into an insured “Claims Reserve Account” (to ensure there are sufficient funds to pay a covered claim)? Do they offer $0 deductible, or will you have to cough up a portion of the claim? Is your extended warranty transferable, should you opt to sell the car? Is there a 100% money-back guarantee for the first 30-60 days? If the insurer defaults on your warranty due to excessive claims, is there a reinsurance backup? These are all factors to consider.