Extended Car Warranty Plan – a game plan. Check out

Warranty is very cool word and gives every car buyer piece-of-mind. Majority of car warranties are done based on assessment and condition of the car at the time of the offer of warranty.

Many car owners buy an extended warranty out of fear that their car will need expensive repairs just after the car manufacturer’s warranty expires, but actually that scenario is not very likely. Think! If you are worried about anything can happen to your car, you’d be better off buying a car with a proven track record for longevity and build quality.

I can see mostly warranty plans are to build customer base for repeat sales. Most companies offer limited coverage and many exclude items that are most likely to break. In India, car dealers offer extended warranties and few independent companies offering similar services. CarZ (Hyderabad) is offering Extended Warranty Plan.

In other countries, there are many independent agencies offer extended warranty after car manufacturer’s warranty gets expired.

Experts do not recommend it for stating reason that even if an item is covered in the offer, a dishonest warranty company will find reasons to delay or avoid paying claims. In India, car owners do not think much and go for the offer from dealers. Here are some guidelines when you purchase extended warranty plan:

1. Compare with other companies (If you can find independent companies apart from dealer)
2. Look for companies that offer low price with money-back guarantees.
3. View the contract online before you purchase.
4. Be sure you understand what is covered.
5. Make sure you see the actual contract and don’t base your purchase decision on a sales brochure.

Other alternative to extended warranty plan :

Do not buy it and save your funds for regular repair and get your car service regular at good car service center to avoid any surprise!

More reading and source:
http://cars.about.com/od/buyingadvice/a/extwarranty.htm