Tips to Choosing the Best Vehicle Service Contract
Of the entire process of buying a vehicle, choosing the right vehicle service contract is the most stressful, time-consuming and confusing. You should review the best vehicle service contract companies you can find and get a contract that will meet your anticipated needs, but what does that entail? Here is a brief tutorial to help you make your decision.
Entering into an agreement with vehicle service contract companies is a major step in the vehicle buying process. Making sure you understand what it is you are agreeing to is the only way to make sure you get what you expect. The only way to do that is to ask questions and lots of them. The only dumb question is the one you did not ask, so make sure you are thorough. Any reputable company will be glad to answer your questions and provide you with more information than you need to make an informed decision.
Read the Small Print
Everyone has been told to thoroughly read a written contract since that type of agreement was conceived and almost everyone ignores that advice at some point. Reading the fine print in a contract is hard work because written bonds tend to be very boring, but reading every last word is vital! With a vehicle service contract, the tendency is to rely on vehicle service contract administrators to outline what the agreement entails and that is a mistake. Make sure you read the contract from start to finish and ask questions about anything you are not sure about.
Follow a Checklist
Make sure you understand as much about the warranty/contract you will be signing as possible. Understand the terms and who is covered, the type of repair work that is covered and any maintenance requirements. Review any deadlines or mileage benchmarks and map out the dispute resolution portion so you are not blindsided if you end up having a disagreement over what is covered and what is not. Verify where any work has to be completed and if you go with a third-party repair service (in an emergency,) what type of documentation is needed to have it applied against the warranty. Treat your agreement like an official, legally-binding contract and methodically work through it to ensure you know it inside and out.
You Get What You Pay for
If the extended agreement sounds too good to be true, price wise, it probably is. Beware of a contract that is so inexpensive it makes no sense. The best advice is to walk away from anything offered at a bargain-basement price, but at the very least, you should do heavy research into the contract and find out why it is so cheap and if customers are happy with the contract. Another thing to be aware of is that inexpensive contracts often come with very high deductibles, sometimes so high that a person using it will never exceed their deductible unless they have a major repair to cover. Finally, lower cost contracts often have a lot of rules that must be followed to ensure coverage.
Picking out the right vehicle service contract requires due diligence, careful research, common sense and an understanding of what you need. Check out Freedom Warranty to get extended vehicle protection that is reliable and affordable.