Why
Buy a Warranty?
For
most people, second to a house, a car is the second most expensive
purchase they make. A warranty is the best way to protect
that investment. Having a warranty means that you are insulated
from unexpected, expensive repair costs. The warranty administrator
will be paying them, rather than you.
The size of the
vehicle repair industry testifies to a fact we all know intuitively:
cars break down. Consumer Reports states that the average
rate of problems is 55 for every 100 vehicles. Anyone who
keeps a vehicle more than 3 years is likely to need the services
of a repair facility at least once, but often more.
Car repairs are
costly. As vehicles become more complex, and with labor costs
rising, repairs are becoming even more The average cost to
repair an air conditioning system for example is $875. Repairs
costs are expected to increase 35% over five years. That means
that an $875 repair today will be air conditioner repair
today is going to cost about $1277 five years from now. Even
one major repair can pay for a warranty, and most people can
expect many more than only one repair.
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