Saturday, May 07, 2005

Should I Purchase an Extended Warranty?

There is no universal Yes or No answer to that question you have to evaluate this decision on your own. Let's look at a couple of different situations, first a vehicle that has factory coverage. Most manufactures will cover (complete coverage) a vehicle for 36 months or 36,000 miles. So why buy an extended warranty while my vehicle is covered? If you plan on keeping your car, van, truck past the factory time or mileage coverage, this is the m0st economical time to buy an extended warranty. There is nothing the warrranty companies like better than to know that they won't be shelling out dollars on claims while the factory warranty is in effect, and in most cases this will be reflected in the price quote for your extended warranty. The time to buy in order to get the best deal is when you still have factory coverage with the manufacture, and the best price, will be if you purchase directly from a warranty company eliminating the middle-man.

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