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The high cost of buying a car is one reason it can be so tough to decide whether to add the extra expense of an extended warranty. According to Motor1.com, the total cost of an extended warranty ...
The scope and duration of automotive warranties can vary significantly, but they generally cover areas such as: bumper-to-bumper warranty, powertrain warranty, corrosion warranty, emissions warranty and others. [2] There is also an "extended car Warranty" also known as a "service contract" which is purchased separately.
An extended car warranty isn't the right choice for all car owners. For example, some warranty plans are very expensive. Or, maybe you're not planning to keep your car much longer.
The Office of Fair trading investigated the extended warranty market again and published a market review in 2012. They said that the UK market is worth an estimated £1billion [13] a year. Out of this £1billion they estimate 75% of people do not compare prices before buying an extended warranty.
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
The service pursues bids on the selected car model from five local dealers, asking them to compete against one another. [18] That same year Checkbook began publishing the biannual publications CarDeals, a newsletter comparing car prices and financing options. [6] The CarBargains and LeaseWise services were discontinued on September 15, 2023.
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