Have you ever been given the advice, "If you want to be rich, then drive your car into the ground." If you have gazed at other drivers while sitting at stop lights, then it is easy to see that many motorists are doing just that. Some bumpers are held on with duct tape, fenders are dented, foul black emissions pour out of tail pipes, engines are growling ferociously and rust is the natural detailing that comes along with a 10+ year old car. Yet a 7 year extended warranty can cover you for up to 100,000 miles, and having some work done for $100 could have easily have cost you thousands! The extended warranty program can help you to take care of your car, especially when finances are low.

With the GM 5 year extended warranty, you'll have "bumper-to-bumper" coverage, as well as roadside assistance, with a $0 - $200 deductible. There are three types to choose from, with varying coverage: the Major Guard, the Value Guard and the Basic Guard. The Major Guard warranty purchase will protect you from every mechanical, electrical, electronic and "wear and tear" failure. The Value Guard automobile warranty will provide you with mechanical failure and wear/tear damage protection for your engine, transmission, front/rear drive assemblies, fuel system, air conditioning systems, electrical system, brake system components, front suspension and steering system.

The Basic Guard warranty offers mechanical and wear/tear protection for the engine, transmission, front/rear wheel drive assemblies and fuel system only. With all the new and used car warranties, you'll get free roadside assistance, which includes towing up to $100, lockout service, 5-day rental car reimbursement up to $175 and $500 meal/lodging travel reimbursement if you encounter a breakdown 100+ miles from home.

For added benefits, you can look online for 1-7 year extended warranty plans. Some offer extended coverage plans on older vehicles up to 150,000 miles (although you won't find wear & tear damage protection at that level). It's best to buy your automobile warranty right when you buy your car, with the anticipation of keeping your vehicle for quite some time. Many of the benefits of a Warranty Direct or National Warranty Corporation contract are very similar to the GM protection plan, although some plans cover up to 7 years, while GM's stops at 5. Those extra two years could end up costing you a lot, so it's good to look online for an extended warranty quote or two.

Just as you look online to compare auto insurance quotes, you should also compare quotes on a 1-7 year extended warranty for your vehicle. Prices and coverage varies, but the most important thing is that you look for a company with a proven track record, and one that's approved by the Better Business Bureau, as well as Web Assured, and one that's reinsured by a financial institution. Try to find a company that's been around at least 10 years that will provide all of the details right on the site without any gimmicks. Many people go with the GM warranties simply for the fact they're a 75+ year old company that they can trust. While there are many scams out there, reasonable deals can be found with vigilance and patience.

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