Why You Need an Extended Warranty for Your Car

Having a reliable car is important, but even the most reliable cars can break down. Purchasing an extended warranty for your vehicle can help protect you from costly repairs and give you peace of mind. Keep reading to learn more about why you need an extended warranty for your vehicle.

Expired Manufacturer’s Warranty

When you purchase a new vehicle, it will come with a manufacturer’s warranty. This warranty is a set of promises from the vehicle’s manufacturer that they will either repair or replace any part that has a defect due to a manufacturing defect in the materials or workmanship within a certain time or mileage period. Bumper-to-bumper manufacturer warranties typically last for three years or 36,000 miles, whichever comes first. Additional coverage for the powertrain could last for five years or 60,000 miles. Over the course of the warranty, the manufacturer will cover all major components of the vehicle, including the engine, transmission, and suspension, as well as other parts and labor.

As discussed, however, a manufacturer’s warranty only covers certain parts and components of your vehicle for a limited time. Once the manufacturer’s warranty expires, you are liable for any repairs that are necessary. As a result, many vehicle owners purchase an extended warranty to pick up coverage after the original manufacturer’s warranty expires. An extended warranty can provide coverage for a longer period of time, giving you peace of mind that your vehicle is protected.

Peace of Mind

Having an extended warranty for your vehicle is an important way to ensure peace of mind. An extended warranty helps protect you financially should your vehicle need expensive repairs. In general, most car warranties cover the cost of repairing or replacing major components of the car that have failed as a result of normal use. This would include items like the car’s engine, the transmission, the brakes, and the electrical system. The type of warranty you purchase will determine the amount of coverage you receive. An extended warranty is similar to a secondary insurance policy on your vehicle that serves as a safeguard against expensive, unforeseen mechanical problems and repairs.

Budget Friendly

In addition to providing peace of mind, an extended warranty can also be a budget-friendly option. Many extended warranties are offered for a low monthly payment, which makes them more affordable than having to pay for expensive repairs out of pocket. This can be helpful to ensure that your family budget stays intact and gives you an assurance that a mechanical issue won’t have to break the bank. This security is especially beneficial if you have an older car with higher mileage. Additionally, some extended warranties offer a variety of other benefits, such as roadside assistance, towing, and rental car coverage, that can help you save money in the event of an emergency.

Increased Resale Value

When it comes time to sell your vehicle, having an extended warranty in place can help boost its value. Auto warranties can instill confidence in potential buyers who are unsure about the condition of the car and its ability to perform. By having a warranty in place, potential buyers know that you have taken care of the vehicle and are invested in its longevity. Additionally, many extended warranties are transferable for a small fee. As a result, if something goes wrong, the buyer will be assured that they can take advantage of the protection provided by the warranty to get it fixed without having to pay out of pocket.

Overall, extended warranties are a great way to protect your vehicle from the unexpected and keep it running smoothly. Investing in a warranty plan can save you money in the long run by covering the cost of repairs, as well as offering additional services like roadside assistance and rental car reimbursement. Purchasing an extended warranty is a sound decision for any car owner looking to protect their investment.