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Effective Strategies for Extending Your Car Warranty Coverage

Owning a car, which was once considered a luxury, has now become a necessity. A car provides you with the independence and freedom to go wherever you want and whenever you need to. It is an extremely useful asset when you need to travel to work, visit family and friends, run errands, etc. You also get privacy and safety during a journey. Buying a car is expensive as is maintaining it. Car maintenance and repairs are not cheap and you could end up spending a sizable amount on it every month. This is where a car warranty helps you out by acting as a safety net. A car warranty helps you prepare for unexpected repairs and maintenance on your vehicle and saves you money. However, all car warranties come for a specific duration after which they expire. In this blog, we’ll understand the various aspects of extending your car warranty.

Extending car warranty coverage

A new car always has factory warranty coverage. A factory warranty helps protect your vehicles against manufacturing defects that can lead to breakdowns. However, a factory warranty has a time or mileage limit beyond which the warranty expires and will stop providing coverage for your vehicle. To continue to receive warranty coverage, you will have to invest in an extended car warranty plan for your vehicle. Extended car warranties can be obtained from various sources. These include;

·  The manufacturer

·  Third-party warranty providers

Extended warranty coverage from the manufacturer

If you own a new car, it will have a factory warranty that safeguards it against manufacturing defects or malfunctions. The factory warranty is meant to cover unforeseen mechanical breakdowns but does not cover damage to a vehicle due to accidents. While the cost of a factory warranty is included in the price of your vehicle, buying an extended factory warranty will cost you extra. Overall, you have two options when buying extended factory warranty coverage for your new or pre-owned vehicle.

· Invest in one when you buy your car

When you buy an extended factory warranty along with your car you will receive a better deal from your car dealership. The premium on an extended factory warranty purchased along with a car will be lower than one purchased later. However, an extended factory warranty bought along with your vehicle will only come into effect once your standard factory warranty expires.

· Invest in it later

You can also choose to buy extended factory warranty coverage for your vehicle later. However, this should be done before the standard factory warranty expires. If you delay for even a day after your factory warranty expires, you will not be able to avail of extended factory warranty coverage from the manufacturer. Another aspect to consider is that the earlier you buy extended factory warranty coverage for your vehicle, the cheaper the premiums are likely to be. The more you delay in buying extended factory warranty coverage, the costlier the premiums will become. This is because premiums are calculated based on the value of your vehicle and a new car experiences high depreciation rates during the first few years. Besides, as your car ages the more likely it is to require repairs and replacements. For pre-owned car owners, this is the only option for obtaining an extended car warranty.

Extended warranty coverage from third parties

For some reason you are unable to get extended factory warranty coverage you can always opt for an extended warranty plan from a third-party warranty provider. Rather than opting for an extended factory warranty, you can opt for third-party extended warranty coverage for your vehicle at the time of purchase. The dealership at which you buy your car would be able to help you out in this regard. A third-party extended warranty is likely to provide more comprehensive coverage than an extended factory warranty. Hence, before buying extended factory warranty coverage for your vehicle check out your options with third-party extended car warranty providers. Third-party extended car warranties are also more flexible and you can buy coverage to cover just a few major components of your vehicle and leave out components that are unlikely to need repairs.

Before buying extended warranty coverage for your car ensure you read the terms and conditions of the warranty contract to clearly understand what is included, which parts of your vehicle are covered, and what the limitations of the warranty plan are. Base your choice on the needs of your vehicle and your budget. Clearly understanding your options regarding extended car warranties will help you make an informed decision.

MP WARRANTIES: A COMPREHENSIVE EXTENDED CAR WARRANTY PROVIDER IN THE UAE

We are MP Warranties, a superior car warranty provider in the UAE. We Have a variety of customizable extended car warranty plans to suit the needs of your vehicle. Our extended car warranties will ensure your vehicle receives comprehensive coverage for its mechanical and electrical repairs so that you enjoy peace of mind. We provide customized extended warranty plans that fit your car’s needs as well as your budget. Just give us a call at +971 501 604 953 and talk to a warranty adviser.