Sometimes called an "extended warranty", a service contract is a promise to perform (or pay for) certain repairs or services. Although technically not a "warranty" as defined by federal law, service contracts may be arranged at any time and always costs extra. Warranties, on the other hand, ONLY come with a new car and are included in the original price. Vehicle service contracts are popularly referred to as "extended auto warranties" or "extended warranties". Use of the term "extended warranty" or "warranty" on this site is intended to refer to vehicle service contracts and not manufacturer's warranties.
10/26/2010 1:50:43 PM
Rated 4.5. Votes: 10
Extended auto warranties (aka vehicle service contracts) are intended to be used for future repairs. They are not meant to be used for problems that already affect the vehicle. Before enrolling in an extended warranty/vehicle service contract, it's a good idea to ensure that your car is mechanically sound.
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7/11/2010 11:57:32 AM
Rated 4.9. Votes: 14
In many cases, the majority of the expense of a vehicle repair is not the broken part, but the labor cost to fix or replace the part. Repair shops’ labor rates have soared over the last decade, to nearly $100 per hour nationwide. A good car warranty helps drivers contain the rising costs of vehicle operation and repair.
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5/26/2010 4:47:54 PM
Rated 4.7. Votes: 14
It's 8 AM, and the highway is a parking lot. You might only be a few miles from work, but its more likely you will simply be lurching forward every few feet rather than getting there quickly. This is the daily reality for commuters in many major cities. What these drivers don't realize is the hidden damage being done to their engine, which could be protected with an extended warranty.
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4/20/2010 2:33:09 PM
Rated 4.7. Votes: 14
Alex Sink, the chief financial officer of the state of Florida, has recommended the purchase of an extended car warranty after reviewing the matter on her website.
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4/7/2010 10:58:38 PM
Rated 4.8. Votes: 14
Americans are holding on to their cars in record numbers, hoping that their clunkers will survive the long recession. While this is a smart move during downturns, motorists could save more if they match their plan with an extended wear and tear warranty.
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