subject: Greenville SC Honda explains extended warranties [print this page] Have you ever wondered if you really need an extended car warranty? Many people feel extended warranties are a waste of money, while others prefer the added security they provide. Greenville SC Honda provides the following information which helps explain the benefits and potential drawbacks of purchasing an extended warranty.
Extended warranty benefits
Extended warranties are purchased to provide warranty coverage beyond that of the factory warranty. This can be very beneficial should you need coverage after your regular warranty has expired. Extended warranties range in price from affordable to expensive, depending on who provides the warranty and the coverage offered. It is important to make sure you understand exactly what is covered and the reputation of the company with which you are working before signing on the dotted line. Extended warranties can be a great way to protect your investment, however consumers are urged to proceed with caution when purchasing one.
Extended warranty drawbacks
While Honda of Greenville agrees that some extended warranties provide a valuable service, they want to remind car owners to be smart about the type of warranty they buy. In some cases, third party providers use clever wording to create loopholes in a contract, limiting the amount of coverage available, which can result in the car owner being responsible for repairs on top of what they have paid for the warranty. Another drawback to consider is never needing to use the warranty which again, equals a loss of money.
As a general rule, consider the cost of the warranty, the coverage provided and how much it would cost to pay for repairs without the warranty. Greenville Honda encourages all consumers to weigh the pros and cons before making a final decision.
