If you are planning to trade your car in within 3-4 years, then the 1-7 year extended warranty plan may not be for you. However, most people know that their cars could drive like new for more than 10 years if maintained with regular oil changes, battery replacements and tire rotations. The extended warranty program is a sensible solution to those hefty repair bills that surface just after the manufacturer’s warranty expires! Many auto manufacturers have extended their warranty coverage to 5 years/100,000 miles to entice buyers in a stagnant market. Even so, consumers may want to take advantage of an internet company as soon as they purchase their car to tack on an extra year or two.

With the GM 5 year extended warranty, you’ll have “bumper-to-bumper” coverage, as well as roadside assistance, with a $0 - $200 deductible. There are three types to choose from, with varying coverage: the Major Guard, the Value Guard and the Basic Guard. The Major Guard warranty purchase will protect you from every mechanical, electrical, electronic and “wear and tear” failure. The Value Guard automobile warranty will provide you with mechanical failure and wear/tear damage protection for your engine, transmission, front/rear drive assemblies, fuel system, air conditioning systems, electrical system, brake system components, front suspension and steering system.

The Basic Guard warranty offers mechanical and wear/tear protection for the engine, transmission, front/rear wheel drive assemblies and fuel system only. With all the new and used car warranties, you’ll get free roadside assistance, which includes towing up to $100, lockout service, 5-day rental car reimbursement up to $175 and $500 meal/lodging travel reimbursement if you encounter a breakdown 100+ miles from home.

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This entry was posted on Monday, September 15th, 2008 at 4:01 pm and is filed under Automotive. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.