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Extended Warranty: Protect Yourself From A Lemon

Purchasing a vehicle is a big risk if you do not protect yourself. Even when you do all the research possible, you do not know how the car is going to behave once it is in your possession. Because of that, it is important to get an extended warranty.

First, an extended warranty can help you if you have a lemon. If you buy a car, new or used, that breaks down shortly after purchase and it cannot be repaired in a reasonable amount of time in a reasonable amount of attempts, it is a lemon. You do not want to be stuck with such a car, as it will give you trouble for as long as you have it.

Laws now cover used cars that are considered lemons as well as new cars. You must have a warranty in place, in most cases, to benefit from the lemon law and get your money back. If you have a warranty, you should be able to take the lemon back to the manufacturer and get a full refund. You will then be able to purchase a different car.

Extended warranties also go past the point of protecting against a lemon. They also pay for different parts that might be damaged due to wear and tear. Some parts of your car will start to deteriorate over time. It is natural for a vehicle owner to have to replace multiple parts of the car. With an extended warranty, that will be paid for.

This is very helpful, as car repairs due to wear and tear can really add up. Before you know it, it can feel as if you have bought an entirely new car because you have replaced so much. A warranty will protect your wallet when that occurs.

Seals and gaskets are also typically covered. If you have a gasket that goes out, that would likely be covered in an extended warranty. You will then get to take it in and get it fixed without paying for it.

Many extended warranties also give roadside assistance. When your vehicle breaks down, this is very useful. You want to know you have someone you can call that will tow your car away. That can be a great expense when it is not covered under a warranty.

You want to make sure you protect yourself when you purchase a vehicle. A lot can go wrong with a vehicle, but when you have an extended warranty you do not have to worry.

Even when you have checked the vehicle over, there are still things that can occur. The most reliable car can have an occasional problem. As most warranties are not expensive, they are well worth it. Many people are able to save a great deal of money thanks to a warranty.

Shop for the best warranty you can find. You can get one from the manufacturer, or you can purchase one from a third party. Look around and find one that is affordable and offers the protection you need.

About the Author

Daniel Legal is on the marketing team that run the automobile search engine LemonFree Used Cars. When he's not promoting the website in various automotive forums you can find him in his garage working on his Honda Civic. Check out the latest article on Extended Warranty which was recently published in the LemonFree resources section.

LemonFree.com has over 1.8 million cars & Trucks for sale from all across the U.S.A. The website is 100% for for everyone to us, so if your buying or selling a car, check out LemonFree.com

Is it possible to get reimbursed in new car extended warranty program?

I just bought a new Ford Escape and I was offered a 7 years extended warranty for $1600. The salesperson told me that I can get ALL my money back if I will not put more than 70.000 miles in my car in 7 years. Is this program real or is there a catch?

Fidelity Warranty Services, (Jim Moran & Assoc.) does offer a Gauranteed Purchase Refund Warranty (GPR)
The only 'catch' is that you will pay a filing fee, I believe it is $150.00, to get your refund
Read your warranty contract. Does it say "GPR" ?
Please note, in order to get this refund, you have to wait until the end of the term. That means mileage AND term. At the end of the term, if you have never made a claim on the warranty (not even for a loaner car, roadside assistance, or ANY repair whatsoever)....you can get your money back.....less the filing fee.
If you cancel the warranty prior to the end of the term, you are reimbursed a 'pro-rated' amount (provided that there is not a lein or loan ) If there is a balance on the loan, that refund goes towards the balance first.

If you purchased an extended warranty, you were given a copy of that contract.....
You should actually READ the warranty contract.

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