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5 Extended Warranty Tips

        Auto | Buying & Selling

4. Select the Right Plan

­­Do you want bumper-to-bumper coverage? This is the most expensive up front option, but it offers the most coverage. Everything on the vehicle minus exclusionary wear-and-tear items is covered -- usually with a minimal deductible. Selecting higher per-repair deductibles can decrease the initial cost of the plan, but if your vehicle ends up being trouble-prone, it can be more expensive in the long run. You should also check to make sure that the plan is renewable and transferable to a new owner.

Selecting higher per-repair deductibles can decrease the initial cost of the plan, but if your vehicle ends up being trouble-prone, it can be more expensive in the long run. You should also check to make sure that the plan is renewable and transferable to a new owner.

Read the fine print of the plan. What is covered and what isn't? Where can you have the repairs performed? Do you have to pay cash up front for the repair? Each plan is different and each provider offers a complete menu of plans to choose from. Be sure that the plan you select is right for your needs.

Some plans also offer perks like roadside assistance, car rental reimbursement, and travel expenses, such as food and lodging, if your vehicle becomes disabled while you are on a trip. These services can come in handy for someone who travels for business or someone who commutes long distances.

Finally, call the customer-service number. See how long the wait time is before you talk to a claims adjuster. Note their demeanor and willingness to discuss the plan. If you purchase from that company you will have to deal with these people in resolving repair issues.


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