Auto Extended Warranties



1. Auto extended warranties protect you from the high costs of mechanical repairs that may occur.

True
Auto warranties are needed for any and all vehicles. No matter what kind of vehicle an individual owns, it is very likely that mechanical problems will arise at some point in time. Auto extended warranties can save thousands of dollars of repair costs. It is very important to take advantage of the offer to purchase extra coverage on a vehicle in order to save money and have peace of mind in the event that something does go wrong.


2. Quotes for online auto warranties are free.

True
The Internet provides many websites where a consumer can get multiple quotes from financially secure providers. These specialists can assist with what is best for the consumer in all situations. Also, these specialists will be able to answer any questions and address any concerns that the consumer may have. Cost and terms of the agreement are only a few of the many concerns that individuals may find.


3. It is best to choose the cheapest auto extended warranties.

False
Price should be a small factor when choosing auto warranties, but it should not be the most important. The coverage is probably the most important item of concern, and many of the cheaper auto warranty plans cover fewer parts. Research should be performed on several companies and options to receive the best rates, coverage, and value.


4. There is no reason to get auto extended warranties while you are still covered by the manufacturer.

False
These cost less the earlier they are purchased by the consumer. The cost will often rise or increase as the vehicle in question ages and accrues mileage. Auto extended warranties can also cover over a thousand more parts than the manufacturer may be willing to offer.


5. Auto warranties are a way to practice good financial management.

True
Proverbs 27:23-24 - Be thou diligent to know the state of thy flocks, and look well to thy herds. For riches are not for ever: and doth the crown endure to every generation?


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