Is An Extended Car Warranty The Best Way To Save On Auto Repairs?
There are plenty of ways to save on auto repairs that you’ve likely never considered or have forgotten altogether. You might even be wondering if an extended car warranty can help you save money.
Extended car warranties can sometimes be an excellent way to save money on auto repairs. Continue reading to learn more about these warranty plans.
Is An Extended Warranty Worth It?
For instance, if you drive a luxury or sports car, your repairs from the engine to paint job will be more expensive. Therefore, a warranty that covers certain high-dollar repairs might be worth the cost in premiums.
1. You plan to keep your car for five years or longer. 2. You anticipate a lot of repairs. However, if you plan to trade in your car in less than three years, a vehicle protection plan might not be for you. Other reasons you shouldn’t buy an extended auto warranty are: – You have ample funds to pay for repair – You don’t drive your car a lot
There are three scenarios when an extended warranty might be for you:
Check Local Repair Shops for Repair Costs
Start with a list of prices for common car problems. Next, you can make a list of likely car repairs and routine maintenance and shop around for prices.
Learn How to Do Basic Car Repair and Maintenance
Another option for saving money this year is to learn to perform your car’s essential or scheduled maintenance. Doing your own regularly scheduled maintenance can save you hundreds of dollars a month.
Take it Easy on the Road
This may seem like a no-brainer, but the easier you are on the brakes and shocks, the longer they will last. The better you drive and the more safety precautions you take, the less likely you will need to file an insurance or warranty claim.
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