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Pros of Buying an Extended Warranty

While durability and reliability are extremely important in a vehicle, so many car shoppers shy away from the extended warranty when it’s offered by the dealer. Why is that? Car buyers, especially new car buyers, expect to keep their vehicles for longer durations, yet many times they’re not tempted by the offer of an extended warranty.

Here are the pros of paying extra for that extended warranty on your new car purchase…

Pro #1:

Dealer pays upfront
Sure, many folks complain that purchasing an extended warranty through an auto dealer is more costly. However, once the dealership fills out all the necessary paperwork and files it with the auto manufacturer, your car is suddenly covered for all services and repairs covered by your warranty for the time frame indicated. There are no reimbursements or waiting periods. If your car requires servicing covered by your extended warranty, you simply call and nearby dealership and get it done, with no additional cost to you.

Pro #2: Flexibility

In addition to the convenience of having all services and repairs covered by the extended warranty rendered, most manufacturer’s warranties on your new car will permit you to service your vehicle at any garage and any location that services that make and model of car. If trouble ensues on a road trip, you can get your car fixed (if it’s covered under warranty) anywhere in the country, by a third-party warranty garage.

Pro #3: Coverage of costly technology
You take a drive in a new model car of any make, and you’ll be blown away by the electrical and computerized technology in new cars. However, if one of these electrical or computerized features needs fixing, the cost and time for a garage diagnose and fix the issue can be really expensive. However, most extended warranties cover these systems under the warranty for the first 5 to 10-years of car ownership.

Pro #4: Extended, personalized coverage
Extended warranties offer additional coverage and services to a general manufacturer’s warranty. When you drive your car off the lot, it’s typically covered for a designated time limit (i.e., 2 years) or for a specific mileage limit. However, your extended warranty will often cater to an extended line of products and services, and depending on your specific needs (i.e., roadside assistance) can be altered to cover what’s left out or timed out of the general manufacturer’s warranty.

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