Extended auto warranties can be purchased through many different methods and some companies offer rock-bottom prices for their auto warranty plans. In the case of car warranties, however, you don't necessarily want to buy a plan from the lowest bidder. You need to remember that you get what you pay for, and if you buy the cheapest car warranty that you can find then you will not receive comparable coverage to a quality warranty.

The time will come when you need to utilize the warranty coverage to pay for a repair, and if your warranty does not cover that particular repair you will be stuck paying for it out of your own pocket. It is wise to purchase a warranty which costs a little more in the beginning, but will save you money in the long run. If the cost makes buying the warranty financially prohibitive, remember that CARCHEX.com offers a financing program which allows you to pay for the cost of the warranty using interest-free installation payments.