moneytalks

We’ve all seen those commercials, you know the ones about how much car repairs are. The ones that scare you into thinking that a new transmission will cost you right around $3,000 and that the average car repair will cost well over a grand. These commercials are there to sell you these extended warranties for when your car takes that inevitable slow ride to the median of the freeway.

Before you pick up your I-Phone or jump on your laptop to buy one of these policies that are going to save you thousands here are a few tips and suggestions for you to think about. First thing make sure that the warranty does not have a deductible or if it does make sure it is not for each part. That’s right some of these warranties charge you for every single part that is replaced on your car. Next, make sure there is a 100% back guarantee within 30 to 60 days as long as no claims have been made. Make sure it is transferable if or when you sell your car. Look for the ones that have towing, rentals and other extra amenities.

These are just a few things to look for if you do indeed find that one of these warranties are for you. I’ve yet to make up my mind about them. Whether they are worth it or not is up to you to decide but hopefully these hints give you something to look at if you make the choice to look into one.

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