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.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.Some may wish to get a new vehicle and will search the used auto dealerships to find one. But if your credit is bad or you just don't have enough money, a used car loan may be the answer.Many places will be willing to loan you the money to finance a used car. But what happens once you've purchased the vehicle? If you're smart, you'll want to protect your investment.A company like AA Auto Protection can sell you exactly the kind of coverage you desire in the form of an extended warranty plan. It's especially important to consider for those who are buying a used car or on a tight budget.Many people have dealt with the repair shops and nobody likes being handed an expensive bill on top of a loan or other payment plan. But with an extended warranty, you'll save money- and protect your means of transportation.
5/4/2010 3:14:48 PM
5/5/2010 9:00:00 AM
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 ...
