What Are the Benefits of an Extended Auto Warranty?

A car is a significant investment. Some people even take out loans to purchase the cars they’ve always wanted. If you’ve gone through so much trouble to purchase your dream car, it’s only natural that you want to protect it, right?

With that in mind, manufacturers, dealerships, and even some third-party companies offer something known as an extended auto warranty. Right now, you may be trying to decide if you need to sign up for that contract. You can decide on that matter after you go through the rest of this article.

What Is an Extended Auto Warranty?

Brand new cars come with factory warranty protection. If a covered issue emerges while your warranty is still active, you can probably get it fixed without paying anything. Ideally, no issue will emerge in the first place, but it’s still nice to know that you are protected if it does.

An extended auto warranty is basically supplemental protection.

An extended car warranty typically lasts longer than the factory warranty. Even if your original warranty has expired, you may still be able to avoid a major expense thanks to the extended warranty. Car owners may also receive additional protection for more parts thanks to that service contract.

What Are the Pros of Extended Car Warranties?

The topic of extended auto warranties has long been a contentious one among car enthusiasts. Some will say that it is not worth the price while others will advocate for its usefulness.

It’s time for you to determine how you feel about that matter. You can start by reviewing the pros of extended car warranties.

• Long-Term Protection for Your Vehicle – Protecting your cars investment is easier if you have an extended warranty. In exchange for the cost of the warranty, you can secure protection for your car that lasts several more months or even years. If you plan to hang on to your car long-term, an extended warranty is not a bad purchase.
• Lock in the Cost of Your Repairs – Cars tend to break down faster as they age. You may need to fix your car more often if you’ve been using the same vehicle for several years. Instead of paying for increasingly more expensive repairs, you can lock in your expenses by simply getting the extended warranty.
• Comprehensive Coverage – An extended car warranty can give you more comprehensive coverage. Typically, you will have to purchase your contract from a third-party provider to get that better coverage, but doing so is still worth it.

What Are the Cons of Extended Car Warranties?

Next up, let’s discuss the cons of extended car warranties. Those disadvantages are detailed below.

• You May Not Need the Warranty – In some cases, car owners never end up using their extended warranty. If you take good care of your vehicle, there’s a chance that a supplemental service contract will not be necessary.
• You May Not Be Able To Work With Your Preferred Mechanic – Extended warranties can also be disadvantageous because they may prevent you from working with your preferred mechanic. Double-check your contract if you don’t want to end up in a forced partnership with a different auto shop.

Hopefully, reviewing the pros and cons of extended car warranties has clarified matters for you. Use the knowledge you’ve gained to decide if that extended warranty is something you need.

Categorised in: Auto Mechanic

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