An illustration of a red extended warranty label isolated on a white background
Most car manufacturers’ warranties are only valid for a few years after the vehicle is purchased. And because it doesn’t last a lifetime, you have to pay out of pocket to fix issues that arise after it expires. Therefore, an extended car warranty is considered necessary.
Advantages of the extended vehicle warranty
Extended car warranty is an optional plan that allows you to offset the total cost of labor and repairs if your vehicle needs one. However, many people consider extended auto warranties to be a waste of money. If you share the same feeling, this guide can help you see the benefits that you can get:
1. Peace of Mind
If you don’t have a guarantee, you will have to pay cash for unexpected repair problems that arise in the future. This doesn’t sound very nice as the cost of it may exceed how much money you currently have to cover such expenses. You should avoid exposing yourself to such a problem by having an extended car warranty that covers everything from replacement parts to labor and repair costs. That way, you no longer have to worry about your car breaking down, so you can enjoy every moment you spend driving it.
An extended warranty also means that you can regularly take your car with you for regular maintenance. This includes the planned wheel alignment, oil changes, vehicle inspections and much more. With all of this maintenance, you will never have to worry about the safety of loved ones and yourself while driving as the car will always perform at its best.
2. Roadside assistance around the clock
Even with routine maintenance, your car is a machine and can break down in the middle of your trip. In this case, you will have to hire a towing company, which will cost you a considerable sum of money. With an extended car warranty, you shouldn’t worry about that as the provider will save you.
This support also applies if you need a flat tire repair or similar service. Just provide your location and a response team would come to you as soon as possible.
It’s okay to think that there is no need to pay for an Extended Car Warranty because you can never be too sure that your vehicle may need to be replaced or repaired. However, if you drive a lot, there is a higher risk of certain parts needing repair or replacement and inspection from time to time. In the long run this would cost you.
An extended car warranty saves you all of this as it covers the maintenance, repair and replacement of vehicle parts and frees up more budget for other aspects like car loans. However, this only applies if the damage to your car was not due to an accident.
Another reason why you need an extended car warranty is because of the great flexibility in the use of services. You can enjoy this as the extended warranty, unlike the manufacturer’s warranty, is tailored to each specific situation.
For example, an extended warranty does not prevent you from taking your car to a specific dealer, as is the case with a manufacturer’s warranty. Extended vehicle warranties also apply to every vehicle, regardless of the mileage or age. In addition, you are free to choose which third party company to buy the guarantee from that suits your budget.
5. Increases the resale value of your car
You shouldn’t expect to get back the same amount of money that you spent buying your car, as cars will depreciate in value over time. However, taking advantage of an extended warranty increases the likelihood of getting as much money back as you originally paid because the potential buyer looking to purchase a car will find that you have the car all the time have waited well. Therefore, they are better assured that the condition and performance of the vehicle are still intact, so they are willing to pay a little more for that assurance.
It’s okay to have some reservations about whether there’s any value in getting an extended auto warranty. If you’re a car owner and you’ve been skeptical, this post highlighted why an extended car warranty is a benefit that shouldn’t be ignored. As a result, your overall car owner experience will become less stressful because your vehicle won’t devour all of your money.
About the author
Vipul is a professional blogger and online advertiser based out of Bengaluru, India. Always on the lookout for new ways to make money, Vipul explains all the possible ways that can help anyone make passive income online. You can connect on Twitter, Linkedin & Facebook