An extended warranty is coverage that extends beyond the manufacturer warranty of your car, which expires within a set amount of time.
Extended warranties minimize the costs of parts and repairs, increase the sale value of your car, and even provide emergency roadside assistance when you need it.
Here are five main reasons why purchasing an extended warranty for your car is one of the best decisions you’ll ever make – head on over to this CARCHEX reviews site to see all the other benefits.
1. Extended Parts and Repair Coverage
The parts and repairs for vehicles – especially like luxury brands like Bentley, Maserati, BMW, Land Rover, Mercedes Benz, or Lexus – can be extremely costly. Beyond the warranty from the original manufacturer, major repairs can cost thousands of dollars.
With an extended warranty, the actual cost of the parts and repairs can save you money – especially if the car’s factory warranty covers a limited number of repairs. Getting an extended warranty will help you save money in the long run.
2. Repairs at the Licensed Garage You Choose
With your car’s factory warranty, you will usually be required to take your car to a dealer for every service and repair. But with an extended, third-party warranty, you can choose to get ASE-certified service, parts, and repairs from the facility you prefer.
This feature is especially beneficial for luxury car owners whose local dealership is far away from where they live and work.
3. Roadside Assistance and Other Extras
Purchasing an extended warranty doesn’t only provide extra coverage for repairs and parts after the factory warranty has expired; it also provides valuable 24-hour roadside assistance. If at any time you break down and find yourself stranded or cannot safely drive your vehicle, an extended warranty is indispensable.
Extended warranties can offer extras such as rental car reimbursement, towing, and trip protection, which means that you won’t have to worry about paying for rental accommodation and meals or getting to a mechanic if your car breaks down.
4. Increased Resale Value
You may decide to purchase an extended warranty for your vehicle once the factory warranty expires, which is a good way to protect your vehicle. But if you decide to sell your car before the extended warranty expires, what happens?
Well, for a small fee, the extended warranty can be transferred to the new owner of the car – which is an attractive option for potential buyers because it provides them with some peace of mind when they are purchasing a second-hand car, and it can increase the sale value of the vehicle.
5. Peace of Mind
Some people who opt to purchase an extended warranty for their vehicle simply do it because it offers them greater peace of mind. Getting an extended warranty for your car can eliminate anxiety and protect against expensive repairs.
You won’t even have to go through the hassle and lengthy process of negotiating with your mechanic for the fairest price.
But, most of all, an extended warranty means that you’ll never have to worry about if and when something goes wrong.