Whether you own a new car or a used one, no car is immune to mechanical breakdowns and damages. You do not have to worry about warranty coverage for a new car since the manufacturer provides a factory warranty.
However, if your factory warranty has expired, or you have bought a used car without warranty coverage, then purchasing extended warranties for handling its mechanical and electrical repairs becomes necessary. The best way to do that is by purchasing warranty coverage. Your car needs the protection ensured by extended warranty coverage even if it is apparently in perfect condition.
Before you contact a warranty company to purchase warranty coverage for your vehicle, consider these important factors that will help you make an informedcar warrantypurchase.
Important aspects to consider
We have bifurcated the key factors that you need to consider before approaching a car warranty company:
- About your vehicle
- About the warranty provider/company
About your vehicle
- Long-term vehicle plan
Buy extended warranty coverage for your car based on whether you plan to hold on to it or sell it after a few years. If your vehicle already has factory warranty coverage and you intend to sell it after a few years you do not need to buy extended warranty coverage. However, if you plan to hold on to your car long after its factory warranty expires, you must purchase extended warranty coverage to safeguard its efficiency and performance.
- Vehicle History
Check the vehicle history report for your car to know whether it has been in any major collisions or accidents. This will give you an indication of whether it needs extra protection with anextended car warranty. Moreover, if it has experienced issues in the past, even minor ones, you should protect it with a warranty.
- Vehicle repair budget
Repairing a car can be expensive. Ensure you have the finances to pay for these repairs from your pocket. If you don’t then you must opt for warranty coverage which will help you budget and prepare to meet these expenses in advance.
About the warranty company
- Experience and standing
Finding out about the reputation and experience of a warranty company is crucial. A company with a good reputation will provide reliable warranty services. Opt for companies that have been in business for a long time as it indicates their ability to deal with claims and ensure superior customer service. Also, check the online reviews and ratings of various warranty companies to know what their customers have to say about their service and claim settlement process.
- Coverage options
A warranty company should be able to offer you a range of coverage options to choose from. All cars are not the same and will require different kinds of warranty coverage. Hence, it is essential that your warranty provider can offer you coverage that fits the needs of your vehicle.
In the absence of options, you could end up paying for coverage you will not use. Many warranty providers offer tailored warranty plans meant to cover the specific needs of your vehicle.
- Claim procedure and customer support
Find out about the warranty company’s claims process. The process should be simple and not time-consuming. It should allow you to get your car repaired within a short while. Locate companies that have transparent and straightforward claims procedures.
The procedure should follow a clear set of guidelines and instructions. Besides, consider the quality of customer service provided by the company. A reliable warranty company will have professional customer service executives who willingly assist you during the claims process or with any other inquiries.
- Financial soundness
Before buying a warranty plan from a company, find out about its financial stability and record in fulfilling and honoring claims. A financially secure company will have the necessary resources to meet all its obligations regarding mechanical repairs and replacements on a vehicle. Besides, certain warranty providers may also offer you a warranty backed by an insurance company which adds another layer of security for your investment.
- Warranty transferability
If you plan to sell your car after a few years, you also need to find out from the warranty company whether they permit the transfer of a warranty on the sale of a vehicle. Certain warranty providers permit this while others do not. The transferability of a warranty on the sale of a vehicle adds value to it and becomes a useful selling point.
These are some of the main points you need to remember when shopping for warranty coverage for your vehicle. Once you have found a warranty company you are confident about and decide to buy a plan, obtain a copy of the warranty contract and read all the terms and conditions as well as the fine print To avoid any unpleasant surprises later. Choosing the right warranty company to deal with is essential so that your vehicle receives the coverage it needs and you enjoy peace of mind.
MP WARRANTIES: A RELIABLE CAR WARRANTY COMPANY IN THE UAE
We are MP Warranties, a trustworthy car warranty company in the UAE. Ourcar warrantiesensure your vehicle receives comprehensive coverage for its mechanical and electrical repairs or replacements.
Our warranties are tailored to suit the requirements of your vehicle and your budget. Experience true peace of mind with our extended warranty plans. Just call us at +971 501 604 953 to talk to a warranty advisor or request a free quote.
