When you buy a new car dealer is likely to offer you an extended warranty. This may seem like a good idea if you plan to stay with the car for longer than the duration of the warranty which is 3 to 5 years.
The extended warranty can cost around £1,000 while the guarantees for a used one can be 2 or 3 times more expensive . The purpose of these guarantees is to cover the costs of repair of your car after the original warranty expires . There are mixed views on whether these safeguards are necessary .
More and more people are complaining to the Better Business Bureau because the obligations of these guarantees have not been honored. This is partly because regulations on selling cars are not very strict.
Consumer Reports conducted a survey in which 65 percent of car owners said they paid more for the security of the car that saved the expense of repair.
Here are some tips for choosing the best extended warranty :
Buy the warranty if possible and not third parties.
Compare and check with a mechanic set about the validity of the warranty you're considering .
Please review the eligibility of company that is offering you a guarantee on sites.
It is possible to negotiate the price of the security if as you negotiate the price of your car.
Check if the warranty is transferable. Sometimes there is a moderate cost but may be an additional incentive to sell your car .
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