What does an Extended Car Warranty Cost?
A ubiquitous question those in our industry get asked is: What is the cost for an extended car warranty? Now, the thing is, we completely understand the need to know the answer to this question, who buys anything without knowing how much it costs, right? However, the bad news is, it is simply not possible for anyone to tell you the answer.
It is important to note that this is not about keeping the numbers hidden or being secretive in any way. The reason that we cannot tell you is there is no exact answer! Giving an accurate estimate is pretty much impossible because there is no universal pricing strategy for extended car warranties. However, we will be doing our best to help you answer any questions you may have on this subject despite this fact.
Factors That Contribute to the Cost of an Extended Car Warranty
There are a lot of aspects of car warranty policies. Various factors determine what the cost of your warranty is worth it. The factors that determine this are:
- The vehicle’s age
- The habits of the driver, such as the frequency they drive
- Mileage of the car, and so much more.
These factors above will be the ultimate determining factor for the cost of your full extended car warranty. These factors vary so much because the elements themselves significantly differ from one customer to the next customer. We at Complete Car try our best to ensure that we can customize every customer’s policies to fit their individual needs.
Let’s look at an example to help better explain this. Take a look at these two drivers and notice the differences.
Joe drives a 2019 Hyundai Sonata that has 60,000 miles on it. He frequently drives this vehicle as he has a long drive to and from work and kids’ events on the weekends. Joe adds about 1,000 miles each month to his car. After researching his options for coverage, Joe decided on a $50 deductible.
Deborah has a 2018 Audi R8, but she rarely drives her vehicle. She only drives about 300 miles each month, using her car mostly for driving to work and running daily errands. Her vehicle is three years old has 30,523 miles.
There are several differences between these two drivers, with each having different vehicle ages, mileage, the age of the vehicle, and other factors. While it can obviously be more expensive to fix an Audi, but the mileage on the other car can make it more likely for a repair or replacement to be coming up. This shows that the two different vehicles are not expected to qualify for the same policy, which will mean an additional extended car warranty cost will be needed.
Breaking Down the Costs
People will often ask what the cost of an extended car warranty costs, and the truth is that it is more affordable than you might think. Most believe that the cost of an extended car warranty will range from $350 to $700 each year. You have to remember that each policy and each person is different. So when you do not have coverage on your vehicle and get into a car accident, you will have to pay the full payment to your mechanic. Most individuals do not have an extra $3,000 lying around to pay for these unexpected repairs.
At Complete Car, we offer payment plans explicitly customized to fit our clients’ budget. We work hard to ensure that our clients can afford the coverage they need since we know just how important it is to have extended coverage.
The only real way you can know for sure just how much it will cost you for extended coverage is merely giving us a call. We promise to offer free estimates that provide zero obligations. You can quickly get the most affordable protection for your vehicle from Complete Car to provide you with comfort each time you get behind the wheel.
Common Questions Involved in the Cost of an Extended Warranty
Here are several common questions that we find people asking about the cost of an extended warranty.
- What does an extended warranty cover regarding repairs?
If you would like you to know all the exclusions that Complete Car has, you can look at each of the plans we offer as we have sample contracts that will provide customers with all the details they need. The amount of coverage varies by the plan, but you can receive total protection. You can learn more about what coverage we have available by checking out our coverage page.
- What is the difference in cost between a 3rd party administrator and a factory warranty?
Typically, the 3rd party provider is cheaper than the factory warranty cost due to its standard service as a middle man. Complete Car, as a direct provider, can direct our plans, which allows us to assist our customers in finding the best price for their budget.