American Automotive Service Solutions will help you save money on an Extended Car Warranty

One recent survey from Consumer Reports discovered that 55% of owners who bought an extended warranty had not used it for repairs within the lifespan of the policy, though the average cost paid for the coverage was right over $1,200. Plus, on average, the ones who did utilize it spent a lot more for coverage than they saved in costs of repairs.

Amongst participants in the survey who utilized their policy, the average out-of-pocket savings with repairs covered by extended warranties for every brand was $837. Based upon a $1,214 median initial cost, that will work out to a net loss of over $375. Factoring the ones who did not utilize the policy, the average savings was zero. Additionally, that may have something to do with why satisfaction with car mobile extended warranties is amongst the lower rated of all services and products surveyed by Consumer Reports, and why just around a 1/4 of respondents said they’d absolutely get it again.

In late 2013, performed by Consumer Reports National Research facility, the survey involved responses from over 12,000 subscribers of Consumer Reports who bought an extended warranty.

Satisfaction and reliability

When car owners were asked whose extended warranties took effect how content they were with their experiences, the most content were mainly owners of less reliable brands, which included Mercedes-Benz, Dodge, Chrysler, and BMW. In the Annual Auto Survey, those all are brands which have had average or below average reliability. Interestingly, some of those brands additionally had the priciest extended warranties, with owners of Mercedes-Benz paying, on average, $2,200, followed up by owners of BMWs, at $2,007, and owners of Chrysler, at $1,525.

The American Automotive Service Solutions Reviews reason for these owners’ greater satisfaction might be that they usually used the coverage more oftentimes than owners of vehicles from historically reliable brands. This potentially assists consumers in feeling more justified about spending money for the coverage—one bittersweet method of rationalizing their purchase.

Conversely, Honda, Subaru, and Toyota owners—perennially high ranked brands for reliability—were amongst the least content overall with the extended warranties.

Is an extended car warranty going to actually save me money?

If the extended auto warranty is offeredas an extended service agreement with American Automotive Service Solutions, yes it’ll save you money. Every car service contract we furnish not just guards you from auto repair costs; it additionally comes with trip interruption and roadside assistance coverage which may save you on towing and costs incurred with even small problems.

For more details on our extended service contracts contact American Automotive Service Solutions at 800-293-5048.