Invest in auto warranties
Auto warranties are a great investment to make. We all know that sometimes our cars can break down at any moment. Auto repairs can be very serious and can take hundreds or even thousands of dollars to pay for. In today’s economy, many Americans cannot afford to make necessary repairs to their cars due to the immense repair costs.
Getting a warranty on your car can protect you from having to pay for most, if not all, of the necessary car repair costs. You can get a car warranty through your car manufacturer, or you can check with your local car dealer about warranties. Most new cars come with some type of car warranty called a factory warranty, but you can always purchase an extended warranty when your current car warranty expires.
There are two different types of auto warranties; the powertrain car warranty and the bumper-to-bumper warranty. The bumper-to-bumper car warranty covers most car parts, except those that need repair due to constant wear and tear, such as tires, windshield wipers, brakes, brake pads, etc. This can be a good guarantee because it covers the most expensive repairs that may come up. The downside is that you still have to pay for repairs caused by wear and tear, but it’s still a good warranty because it protects you from bigger problems.
The power train car warranty covers all moving parts of the car, such as the engine and transmission. This is a great type of warranty because a transmission repair can cost upwards of $3,000 and if your engine runs fine, it’s just as expensive, if not more expensive, than replacing a bad engine.
The downside to buying a new car is that even if the car is mechanically inoperable, you’ll still need to make the monthly payments you agreed to when you bought the vehicle. If you purchase a warranty or extended warranty on your car, then you are protecting your investment. You don’t want to have to make monthly payments on a car that’s parked in your front yard because you can’t afford necessary repairs on top of your monthly car payments. When shopping for your next car, consider purchasing a warranty if your car doesn’t come with one. You’ll appreciate it when you need a car repair and your coverage picks up the tab. Any guarantee pays for itself in the long run.
