Yes! Whether it is a new or a used car, an extended car warranty will help save your repair cost beyond the manufacturer’s standard new car warranty. The manufacturer’s standard warranty covers the car’s repair cost until its expiration period, but after that, it may become more expensive than expected. Especially people who buy luxury cars often end up paying more for the repair or replacement after the expiration of the standard warranty period. An extended warranty helps your car function smoothly by covering your repair or replacement cost beyond the standard warranty.
Extended Warranty:
An extended warranty is an optional vehicle service contract that covers the repair cost of your car for a specific period when your standard manufacturer’s warranty expires. The manufacturer’s warranty covers your vehicle’s repair cost for 3 to 5 years, and the cost of repair beyond that can cost a fortune. Usually, an extended warranty contract begins after the expiration of the standard warranty, but sometimes that coverage might overlap.
Usage Determines Whether to Opt for Extended Warranty:
Most standard warranties come with a timeframe of 3 years or 30,000 miles which helps cover your car’s repair cost. An extended warranty will be beneficial for people who plan to use the car longer than the standard warranty period. For people who often buy cars once every two or three years, a standard warranty is more than enough because the standard warranty comes into effect when the manufacturer’s standard warranty expires.
Extended warranty on Used Cars:
Those who plan to buy used cars must check the service record of that car to know more about the vehicle’s condition. Most cars last longer than expected, but when it comes to used cars, the vehicle’s maintenance plays a crucial role because it determines the life of the vehicle. If the used car is not maintained properly or has crossed the standard warranty period, it is better to buy an extended warranty. The extended warranty will help people pay off the used vehicle’s repair cost, which may occur unexpectedly.
Another crucial thing to keep in mind is that it is better to buy an extended warranty from third-party providers like Warranty & Insurance than from dealerships because they may mark up the actual cost to make extra money.
Benefits of Extended Warranty:
If an extended warranty is purchased from a dealership, there will be less choice in choosing the dealership to get your car repaired. The case is even worse if the distance between your home and the dealership is far, while third party providers allow the car owners to choose the service facility that is convenient to them.
Cars nowadays come with high-tech features such as sensors and auto-driving mode, which incorporates advanced technology, making it more complex. If there is any disturbance in this system, then the cost of repair can be expensive. Extended warranty also covers the cost of most parts such as transmission, engine, electrical system, air conditioning, etc., and also offer services like a rental car, towing, and locksmith reimbursement.
If you are thinking about keeping your car for a long time, choosing an extended car warranty is the right option. It gives you peace of mind because it reduces the possible expensive auto repair cost that occurs after the standard warranty period. To reap more benefits and prolonged life of your car, buy an extended warranty from Warranty and Insurance. Being Australia’s leading motor vehicle warranty provider, we have guided and provided many of our clients with the right choice of products and services at the best prices.
