With nearly all brand new vehicles and often 2nd hand cars if you use the best car dealer, you will be offered up a warranty when making your purchase. This guarantee generally covers repairs to your vehicle for more or less a year and is a sign that you're buying a good quality product. An extended guarantee helps you to cover the costs of repair after the manufacturers warranty has run out.
If you are buying a used car, likelihood is, you will not be eligible for a manufacturer warranty. The dealership may guarantee so many months of repairs once the car has left the lot, but an extended warranty in this case is a good idea.
Presuming you have bought a well treated and well looked after 2nd hand car a lot can go awry with it. All the same, the gamble of a 2nd hand car necessitating repairs or maintenance is too great to nullify buying an extended guarantee. Ask anyone that has bought 2nd hand and required repairs a couple of months later, it can be a dear process and will undo the money saved from buying a used car.
If you are able to find a reputable and fair insurance company, your monthly payments should be low enough that the peace of mind is worth it. This is particularly important if you don't have the cash in hand to cover big repairs or can't afford to go for any period without a dependable vehicle.
Of all breakdowns that are recorded by the UK's breakdown organisations, almost 70,000 are caused by engine problems, 60,000 by alternator failure and 50,000 by clutch related problems. These are common in older cars, so if you have bought a used car, reflect on these startling figures and think about buying an extended warranty. In the long run paying a small monthly or annual fee could end up saving you money. It will definitely save you a lot of hassle.
Take the time and effort to check what level of cover your warranty has. There are hundreds of types of cover available from very limited cover to a high level of cover. The prices will vary massively on the amount of cover you have. Be sure to get the cover needed most for you.
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