For the average person, the automobile is the second largest investment of a lifetime, and one that must be maintained over many years. It is also the asset which is most prone to accidents and total loss, and as such, is the most important asset for the average person to protect.
Perhaps one of the most overlooked, yet most economically sound ways to protect a vehicle is through an extended car warranty. The extended car warranty provides the most comprehensive and solid protection for a vehicle from day 1 of purchase, yet is still by far the most cost effective.
Extended car warranties can easily be modified to fit the unique needs of both owner and vehicle, with terms that are guaranteed not to change, unlike many insurance policies. And though insurance is required in some states, the presence of insurance does not necessarily negate the need for an extended car warranty, as there are many instances that an extended automobile warranty will cover that even the most expensive of insurance coverages will not.
The extended vehicle warranty is also the most cost effective way to extend the life of your car, which is especially important for those living paycheck to paycheck or for those who can not afford expensive, unforeseen repairs. The average consumer simply needs his or her car to work, day in and day out, and this is exactly what the extended automobile warranty was designed to do for the average consumer.
Aside from the physical protection provided by a warranty, the added peace of mind in knowing that you will not have to spend any money on any sudden repairs immediately after spending a large lump sum to purchase a new vehicle can hardly be overstated. As a consumer, to spend the amount of money necessary to purchase a new car certainly warrants the much smaller investment to protect that asset for the immediate long term.
Extended warranties have also been shown to actually extend the life of the vehicle, because many problems that shorten the life of a car start as small problems, which may be overlooked or not worth the small expenditure needed to fix them. Over time, these small problems add up into big problems, until one day the car is on the side of the road in desperate need of repair. Extended warranties stitch the problem up early without the need for the internal financial debate, thus leaving the owner much more free to make sure that the vehicle stays in perfect working order for as long as possible.