You are Unique

Tell us your driving needs, budgets and personal preferences - What makes you click ? Styling or performance ? Let us know

Find your Dream Car

Sit back and relax. Our Intelligent algorithm analyzes verified owner's feedback from J.D. Power, expert ratings and exhaustive car metrics to decide your dream car.

Ask Our Experts

Now the auto experts are on your finger tips. Your question will get a quick, comprehensive, helpful answer from one our many experts !

You feedback is crucial in helping us grow and improve. Please take a moment to share your comments.

By clicking on Submit you agree with WheelMonk.com Terms & Conditions

 
QUICK CAR SEARCH
">
Read Top J D Power Publications
CONTINUE READING

Should I Choose Extended Warranty ?

Last Modified: Fri, Apr 29 2016.
Should I Choose Extended Warranty ?

  • Should I Choose Extended Warranty ?
  • Should I Choose Extended Warranty ?
  • Should I Choose Extended Warranty ?
  • Should I Choose Extended Warranty ?

A recent J.D. Power study concluded that Vehicle Quality is one of the top of the mind purchase considerations for buyers across all the segments.

While the warranties offered by manufacturer speak a lot about how confident they are about the quality of the car, there is no harm in choosing extended warranty package for a small premium, especially, when the new age cars are becoming more and more complicated. But there are few things, buyer need to be aware of before choosing the policy.

  • What is the standard warranty coverage - If the standard warranty offered sufficiently covers your usage and time of ownership, there is no point in looking for extended warranty
  • What is the market feedback on quality of car - If a brand is well trusted for its quality & reliability, the upside for extended warranty may be limited.
  • You can refer to Wheelmonk.com for product quality ratings and J.D.Power section for the top reliable brands across segments

  • When can I buy the policy - While some policies may be available till the time your standard warranty expires, some may only allow it to be purchased upfront. In case you have clarity on the ownership period and usage, you might want to buy it upfront only. Otherwise if offered at later stage, you can leverage
  • Wheelmonk's "My Garage" section to save you standard warranty expiration date and we will remind you well in advance

  • Who is offering the policy -Extended warranties can be offered by either OEM, or dealers, or in some cases even third parties. While it's most expensive to buy directly from OEM, it would offer the maximum peace of mind, convenience & trust. Third party warranties on the other hand may offer better features
  • Understand the coverage - Before signing the contract, understand what is covered and what is not. Some policies may not comprehensively cover the wear and tear and may only cover breakdowns. You really need to understand the differences before opting for one over other
  • Check the coverage network - Very important to understand, which all workshops or dealers are authorized. This becomes even more critical for the brands which may not have sufficient geographical coverage
  • Is the warranty transferable - In case you want to sell of your vehicle, this feature may allow you to charge a premium
  • Hidden Costs - It's also important to clearly ask if there are any hidden costs, sometimes underwriter may have certain clauses which would not cover the complete liability and you may be charged for certain portion of the services
  • A key question,lot of consumer typically asks, is how Extended Warranty is different from Insurance. Now, insurance is your cover in case of any accidents or mishaps. It'll not cover your vehicle's normal wear / tear or breakdown. For that, you need a warranty cover. Whereas a Warranty will not cover any accidental damages and can only be claimed for a product fault

Subscribe to WheelMonk's Newsletter

Get Exclusive Automotive Analysis and News from around the Globe




Related Articles



Wheelmonk.com is a user centric car discovery platform which enables prospective car buyers make informed choices based on their preferences. With a deep understanding of the Indian automobile market, accurate vehicle data and extensive repository of verified car owner feedback, Wheelmonk.com aims to become the trusted destination for car buyers and enthusiasts. Wheelmonk.com is a user centric car discovery platform which enables prospective car buyers make informed choices based on their preferences. With a deep understanding of the Indian automobile market, accurate vehicle data and extensive repository of verified car owner feedback, Wheelmonk.com aims to become the trusted destination for car buyers and enthusiasts.

contact@wheelmonk.com    |    +91 80-41114815


Copyright © WheelMonk. All Rights Reserved.