What’s a Vehicle Service Contract or Extended Vehicle Warranty?
Most new vehicles purchased these days come with a warranty – this is an agreement between the manufacturer and the customer that should anything break, malfunction, or otherwise go wrong with the vehicle within a certain period of time (typically 3 years or 36,000 miles, whichever comes first), then the manufacturer will repair or replace the component at no cost to the customer.
Vehicle service agreements (also known as extended warranty plans) are designed to offer similar peace of mind by literally extending the length of time a customer can expect to receive such coverage. Buying an Extended Vehicle Warranty – What Everyone Should Know Just because a company claims to offer extended auto warranty coverage doesn’t mean that you can expect ultimate exclusionary protection. Some plans available in the market cover only catastrophic failures, or only certain systems. By being informed about extended auto warranties and reputable warranty companies, you’ll be better prepared to 116 make the right decision for your needs.