Often times, people spend a lot of money when they buy an aftermarket auto warranty or an extended warranty for their vehicles. These warranties come into play when the original warranty or the factory warranty is terminated. When you buy an aftermarket auto warranty, your warranty provider covers the costs of bills for parts that are replaced or repaired. Here are some important things to know when you plan on purchasing an aftermarket warranty:

An aftermarket warranty does not usually cover the costs for repairs that are related to wear and tear. An aftermarket bumper-to-bumper warranty will cover expenses for replacement and repair of almost all of the parts of your car, but this warranty still won’t provide coverage for your tires, brakes, etc. However, there are some companies that will provide a warranty that provides coverage for wear and tear parts also. It is a good idea to buy a warranty that covers wear and tear parts, even if it costs more than a regular mechanical warranty. The reason for this is because about 80% of you car repair costs are as a result of wear and tear problems. Therefore, you can save a lot of money with an auto warranty that covers wear and tear issues, especially if your car is older.