Most dealerships will try their best to get you to buy an extended car warranty. While there’s nothing wrong with buying one, given that it can certainly help reduce expenses if your car requires repair after the included warranty expires, it’s still a good idea to not jump at the dealer’s offer. Here are some tips that can help you buy a comprehensive extended warranty at a good price:

Shop Around

Compare the prices of the extended warranties offered by different third-party providers. There’s a good chance you’ll be able to find a better deal than the one offered by the dealership.

Check the Terms

Read the fine print and familiarize yourself with the terms of the plans. It really helps to know the payment structure for the plan and what the cancellation policy is, in case you change your mind about the warranty after you buy it.

Do Your Research

Before you sign up for the extended warranty, ensure that you know things like where the repairs can be done, what the expiration details are, how claims will be paid out, and what the deductible is. It’s also a good idea to look for the rating of the warranty company online.

Know the Inclusions and Exclusions

An extended warranty does not cover everything. Many parts of your car that will eventually wear out or break are not covered by extended warranties. Also, a number of extended warranties have varying tiers, and each tier will have a particular level of coverage and cost. So, ensure that you are aware of what is covered by the extended warranty plan you choose. And, more importantly, make sure to check what is not covered by the plan as well.

It’s important to not let the dealership pressurize you into buying an extended warranty. Make sure to take your history with previous repairs and the resulting expenses into account when deciding which coverage level would be most suitable for your needs. Also with new cars being extremely reliable, you may not necessarily need an extended warranty. That said, if you prefer the convenience offered by such a plan, make sure to do your research and keep the above-mentioned tips in mind.