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.
5/5/2010 9:00:00 AM
Awaiting 2 votes
Vincentric, a firm which calculates the cost of owning a car, advises against buying a new car because of their quickly depreciating value. Instead, its cheaper to buy a used car and supplement it with an extended warranty.
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5/4/2010 3:14:48 PM
Rated 5.0. Votes: 3
Many Americans have been affected by the economic downturn- some more than others. For those that depend on their vehicle for their livelihood, any sort of malfunction or broken down part can be a stressful and costly event.
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