How to Negotiate the Best Price for an Extended Warranty

An Extended Vehicle Protection Plan with CARCHEX offers the following benefits. CARCHEX markets and sells extended warranties on behalf of third party extended warranty providers, and your extended warranty will be between you and the provider.

CARCHEX Reviews

Before renewing your home warranty contract, consider everything from the items covered to the limit on what the company will pay out, as well as any restrictions on services and additional service fees. If you’re not satisfied with your current coverage but want to invest in a plan that can help protect your savings in the event of an emergency, you may want to take a look at our top 8 home warranty companies and compare the plans they offer. Let us look at an example of accounting for extended warranty revenues. Assume that Company ABC from the example earlier also sells extended warranties on gadgets XYZ.

Warranty expense

Vehicle service contracts- commonly referred to as extended auto warranties, protect both Honda and Acura vehicles. There are far too many things Acura owners assume but don’t fully know when it comes to their extended warranty options for their vehicle, let alone the factory warranty that came with it.

While the Infiniti dealership doesn’t give a price estimate for its extended warranty, most dealership plans cost $1,000 to $1,500. This can be an expensive addition to your car’s monthly payment and restrict where you can take your car to be repaired. Another option is to purchase a third-party extended warranty from CARCHEX. The price of an Infiniti extended warranty from CARCHEX will depend on the amount of coverage and the length of time you need it for, but we offer more flexibility in terms of coverage and cost.

Optional CARCHEX Warranty Coverage

Endurance offers a wide range of coverage plans that provide total protection to customers. We know that people have different driving habits and depending on your vehicle information, we work to find the most suitable plan for you. is the warranty provider of choice for many California (only) residences struggling to find quality options in the state. The company’s line of insurance plans is great for saving money on services and repairs that come up unexpectedly. Long Island residents will want to get a quote from a local Lexus Finance Center to account for the higher cost of living in NYC.

A simple extended warranty is affordable and can protect your vehicle from factory defects. However, if you have an older car or truck, the GMPP options may offer more protection. Also, you have the option of increasing protection even further with the GMPP plan, which is a more traditional service contract that provides more perks than Chevy’s extended warranty.

warranty cost

CARCHEX Q&A

CARCHEX will not pick up the cost of repairs due to neglecting to maintain your vehicle. This list is not all-inclusive, so see the contracts available on the CARCHEX website or talk to a representative for details. Chevy’s extended limited warranty and its General Motors Protection Plan offer different services that may be useful depending on what your needs are.

How much should an extended warranty cost?

CARCHEX Car Warranty Prices and Guarantee
The average cost for a car warranty across the industry is around $1,200, and depending on the package you choose, your vehicle, and the length of the warranty, you may pay more or less. CARCHEX offers a no-haggle, low price, everyday guarantee.

But when you divide that price up into affordably low monthly payments, protection for your vehicle ends up costing a whole lot less than your cable bill. The trip interruption coverage comes in handy if you are traveling by car and your vehicle has a repair issue that keeps it from running safely.

Outside of having to pay for this used car warranty for your Acura vehicle, you’re limited to where you can actually have your car serviced. Acura restricts you only using their approved dealerships and service centers. Acura owners aren’t just driving the luxury marquee from Honda, they are also backed by Honda’s industry-leading factory warranty. Even if Acura cars a built better than typical Hondas they still eventually break down and become even more costly to repair than their automotive relatives. This is why Acura owners, perhaps more than Honda owners, should have protection from an Acura extended warranty.

From the Bronze Coverage plan that protects you from the most common and expensive repairs to the Titanium Coverage plan that provides the maximum amount of protection for your car, CARCHEX provides a number of options to fit your needs. We have options for hybrid or electric vehicles, as well as those that have passed the 100,000-mile mark. Understand your coverage plan options for a Volvo extended warranty and how you can get the best plan for your vehicle and driving needs. Read on to discover the differences between your basic factory Volvo warranty and an extended warranty, and why getting extended coverage from CARCHEX is a smart option for Volvo owners. Typically the average cost of an extended car warranty would be around the range of $1,800 with a good quality package and after-sales service.

To offer an extensive selection of car warranties, CARCHEX provides five levels of vehicle service contracts. You can view each car warranty contract on the CARCHEX website, and we listed a summary of what each level covers below.

  • Another option is to purchase a third-party extended warranty from CARCHEX.
  • This can be an expensive addition to your car’s monthly payment and restrict where you can take your car to be repaired.
  • While the Infiniti dealership doesn’t give a price estimate for its extended warranty, most dealership plans cost $1,000 to $1,500.

Due to Acura charging customers for their extended warranties, you may be thinking that there is no difference if you buy from them or a third-party coverage provider. As a direct provider of vehicle protection, Endurance, can offer drivers affordable plans with competitive rates for the absolute longest coverage terms. For more information, see this FTC link or learn more here or by reviewing CARCHEX’s website.

warranty cost

Extended warranties go into effect after standard warranties expire (on the first anniversary of the gadget sale date) and cover the products for additional two years. In our example, for the gadgets sold in May 20X3, extended warranties sold by the company amounted to $4,800. The coverage period for the extended warranties is May 20X4 to April 20X5.

This website site is intended solely for the purpose of providing general information regarding the purchase of extended warranties. Specific contract terms, rates, taxes, fees and other charges are determined upon validation of vehicle information and acceptance by the extended warranty provider, for which CARCHEX is not responsible. However, after these warranties expire, you will be left to pay the cost of repairs and replacements for your vehicle parts out of pocket.

General Motors recently launched a program that offers customers an extended warranty stretching bumper-to-bumper coverage to five years or 60,000 miles for Chevrolet and GMC vehicles, and to six years or 70,000 miles for Buick and Cadillac customers. The regular new-car warranties for those vehicles are for three to four years and 36,000 to 50,000 miles. Vehicle service contracts, often referred to as extended warranties, are a tempting solution for consumers who buy a used car or for those who want to extend the bumper-to-bumper coverage on a new car.

All plans are available for new and used vehicles, except for the Bronze warranty, which is only for used cars. AAA offers a vehicle service contract that combines warranty protections with extra services, such as battery replacement, trip reimbursements, and rental-car coverage. The national auto club told CR that its warranty sales have been increasing, noting that about 30 percent of customers require at least one covered repair. While most manufacturers offer vehicle service contracts after the factory warranty expires, Chevy’s extended limited warranty is an actual extension to the existing factory bumper-to-bumper warranty. It has no deductible coverage, and repairs are performed using new, remanufactured, or refurbished parts.

Since the GMPP plan offers two levels of coverage, you have more choices when it comes to how much coverage you desire. We will also show Acura owners what their options are when it comes to protecting your new, used, or even certified pre-owned Acura vehicles from the high cost of repairs. Reputable third-party providers like Endurance are important when it comes to offering Acura owners extended protection.

We will assume that there were no contract acquisition costs and that costs related to services under extended warranties are evenly distributed over the coverage period. Each month during the coverage period, the company would recognize extended warranty revenues in the amount of 1/24th of $4,800 or $200.

Endurance provides well-rounded coverage for both new and used vehicles that allow you to take your car to any certified mechanic. To remain covered under Acura’s Care service contract, your vehicle must be 2015 or newer and taken to an Acura-approved dealership which limits the customer from receiving service anywhere. Looking into coverage from a reputable third-party provider or “aftermarket service contracts” like the ones from Endurance can offer Acura owners more flexible terms and coverage plans than dealer-sold options do. Acura strives to provide coverage for used vehicles in ways that its competitors do not.

If the mechanic has to hold the car overnight for repairs, CARCHEX pays for your meals and hotel. CARCHEX has a history built on reliable customer service since it was founded in 1999, providing pre-owned vehicle inspections. In 2003, the current CEO, Jason Goldsmith, used CARCHEX to have a 1996 Jaguar XJS convertible inspected when the price seemed too good to be true. The inspection confirmed Goldsmith’s suspicions, and he was so impressed that he bought CARCHEX and expanded the services offered by including an extended car warranty service.

Each plan offers different levels of protection with terms ranging from five to seven years. Extended warranties may reduce financial stress for those who own models from unreliable brands. They’re available through dealerships, auto clubs, and insurance companies (which sometimes call them mechanical breakdown insurance). And the small print truly matters, because aftermarket programs have specific limitations on what repairs are covered and where the work can be done. A. Chevy gives consumers the option of purchasing an extended limited warranty or a protection plan, which is its version of a vehicle service contract.

CARCHEX Car Warranties

And the cars under the Acura name tend to reach higher mileages and owners tend to keep them around longer. In order to determine if Infiniti extended warranty costs are worth it, we looked at the reliability and repair costs of Infiniti cars to see how often Infinitis need repairs and how much car owners have to pay for those repairs. It is also important to consider the types of extended warranties available to Infiniti owners, including dealership plans and plans through third-party companies like CARCHEX. CarMax doesn’t offer free oil changes like most extended warranty plans do.

CarMax considers oils a fluid, which isn’t covered by the MaxCare service plan. A Volvo extended warranty can be purchased at any time, even if your original warranty is still valid. The Volvo dealership refers to their extended limited service contracts as Volvo Increased Protection (VIP) Plans, which are available in four coverage levels up to 6 years / 120,000 miles, whichever comes first. Just as we did not manufacture your car, we cannot call our policies an “extended warranty”, which is why our protection plans are referred to as a vehicle service contract.

That’s why Volvo and third-party providers like CARCHEX offer extended warranties for Volvos. Endurance Warranty plans are honored anywhere at licensed and authorized repair facilities. Even if you relocate to another state, your vehicle will still be covered by us! You get the peace of mind of knowing your auto warranty is honored nationwide. CARCHEX offers multiple vehicle protection options including five car warranty plans.

How is warranty cost calculated?

Warranty expense is the cost that a business expects to or has already incurred for the repair or replacement of goods that it has sold. The total amount of warranty expense is limited by the warranty period that a business typically allows.

Getting hit with unexpected, costly vehicle repairs can derail any budget. CARCHEX provides excellent car warranty choices with varying levels of coverage so you can find an affordable plan and rest easy that your vehicle is in good hands should it need repairs down the road. It’s easier to point out what the Titanium plan does not cover rather than what it does. Parts not included are those covered by the vehicle’s manufacturer’s warranty and recalls, and there’s no coverage for the optional add-ons we mentioned above (CARCHEX can add those to your plan). Other excluded items are components that wear out and must be replaced, like headlamps, windshield wipers and brakes.

Author: Anfisa Dmitrieva

Anfisa is a talented entrepreneur and business trainer in financial analytics and currency trading. In this blog she talks about accounting services, payroll calculation, investment consulting, tax training and much more.

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