Strike point in the Vehicle Service Contract

Aug 6th, 2022
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Well, not necessarily. Extended warranties are expensive. Extended warranty coverage may not be applicable in all situations. Your purchase likely comes with a manufacturers warranty. Your credit card may protect you. The retailer may take the item back.
The peace of mind that comes with a long-term vehicle service contract can make it well worth the investment. These protection plans are especially good options for drivers who want to keep their cars well past the factory warrantys expiration date.
Extended warranties can protect you from unexpected repair costs. They can give you peace of mind knowing that your vehicle is covered. They can be a good investment, especially if you own an older car.
Each warranty plan that a dealership sells can add up to $2,000 per purchase to its bottom line. For example, if you purchase an extended warranty for $2,000, the dealer may make a profit of up to $1,000.
Your right to cancel After 60 days, you can still cancel and receive a partial refund. On a used vehicle, you can cancel a service contract within 30 days without penalty. After 30 days, you can cancel and receive a partial refund. To cancel, write a letter to the dealer and the warranty company.
If youve recently bought a new car with a manufacturers warranty, buying an extended warranty could be a waste of money because the manufacturers warranty usually takes care of most car repairs for the first few years. Also, extended warranties dont cover everything.
A good extended car warranty could save you thousands of dollars in future repairs depending on your coverage and the breakdowns you experience. Look for car warranty companies with plenty of coverage plans to fit your needs and budget.
While a service contract might sound like a good idea, it could duplicate coverage you have through your manufacturers warranty. And you might actually pay more for a service contract than you get back in benefits. Whats more, some companies pitching warranty extensions are scammers.

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