If you own a new car and it’s still under the manufacturer’s warranty, when does waiting turn into procrastinating if you’re thinking about an aftermarket warranty? This may be surprising, but procrastination actually kicks in before the existing warranty expires because of a little thing known as “the waiting period.”
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I don’t think most consumers realize this, but you are actually better of purchasing your extended warranty as soon as possible versus waiting for the manufacturer’s warranty to expire. Why? Because of a little thing know as pre-existing conditions. Any claim that comes in on a contract that is 120 days or younger is going to be scrutinized for pre-existing conditions.
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