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3 Things to Consider Before Purchasing an Extended Warranty

3 Things to Consider Before Purchasing an Extended Warranty

So you’ve just purchased a vehicle. You’re at the dealership signing paperwork and the salesperson brings up the idea of an extended warranty, also known as a vehicle service contract (VSC). Before signing, you may want to consider a few things to make sure the decision is right for you and your needs. While we recommend extended warranties to the vast majority of vehicle owners, here are a few things to keep in mind:

Length of Coverage
If you’re planning on keeping the vehicle for more than a couple years, you’ll want to look at how long the extended warranty lasts. This will help you protect your vehicle during the duration of its time with you. However, if you plan on buying a new car within a year or two, some extended warranties are transferable. Make sure you double check with the dealership, the administrator, and read through any paperwork to see if a transfer is possible.

Consider the Cost
The dealership you purchase a car from will often ask consumers to purchase an extended warranty through them too, but this may not be the most cost-effective for all consumers. While it is convenient, it’s important to look at other options to get the best price. Take a look online for some aftermarket VSC options that will better suit your needs.

Peace of Mind
If you often find yourself regretting decisions and wishing you could go back in time to change something, you may want to consider an extended warranty. This is especially true if you aren’t quite sure how reliable the vehicle will be after a few years of driving it. This is where the decision is entirely up to you. But isn’t it better to be safe than sorry?

So after weighing options and thinking about your needs, you’ve decided to purchase an extended warranty to go along with your new vehicle. Now comes the question of how to finance this contract. This is where a payment plan provider like Omnisure comes in to assist. Omnisure offers 0% interest, no credit checks, no large down payment, and flexible payment plans up to 24 months. Get in touch with your dealership for more information about payment plans and how they can benefit your budget.