Years ago, people hadn't heard of auto extended warranties.
As cars were made primarily by humans, and designed to last for the long haul, auto extended warranties were yet to be invented.
With the modernization of the auto industry and the turn to heavy reliance on machines to manufacture today's autos, the need for something to provide coverage from major mechanical failure (and mistakes in manufacturing) arose.
To respond to the concern of consumers that these machine created vehicles were inferior to those of years part, automakers offered manufacturer's warranties that covered the consumer in the case of a major mechanical failure within a set number of miles or timeframe, whichever expired sooner.
But while this warranty made by manufacturers was received well by the average individual, it didn't address the longer term needs of modern consumers.
While automobiles made in years past were very soundly built and could last for tens of years, modern cars weren't known for their longevity.
Vehicles were lasting beyond the manufacturer coverage, but falling apart or experiencing major engine failures shortly thereafter, leading consumers to demand more be done for them to compensate for this dip in quality.
With the cost of cars more than double what they used to be tens of years before, consumers wanted additional protection to cover their high dollar investment.
Auto extended warranties were born as an answer, though at the cost of the consumer.
Today, auto extended warranties can be bought to protect any vehicle purchase, whether new or pre-owned.
Both available at the dealership and through third party retailers, these auto extended warranties come in varying levels of protection, at varying costs.
From general power train coverage (engine, transmission) to a full blown bumper to bumper protection, auto extended warranties are designed in levels (and price ranges) to suit the consumer's needs - both physically in terms of protecting the vehicle and financially.
Generally speaking, third party retailers carry lower costs and more flexible payment options than dealerships, and more options of coverage.
All in all, auto extended warranties are perfect for those who are genuinely worried about protecting their automotive investment and interested in saving an arm and a leg.
The fact of the matter is that the average individual doesn't have the expendable income to simply replace a car every other year or so.
For that matter, these individuals don't have the money pay for a bunch of costly repairs.
Auto extended warranties prevent these hard to afford expenditures from occurring (except for in cases where a vehicle was totaled in an accident) and take the financial burden off of the consumers wise enough to invest in them.