We’ve all gotten the call from someone trying to talk to us about our car’s warranty. The call is obviously a scam. But true car warranties are legitimate, and offer protection for any potential repairs. When you’re considering buying a warranty, it’s important to understand exactly what you’re getting with an extended warranty and weigh whether or not it’s worth the cost. Here are some facts about extended warranties and auto repair that will help you make an informed decision.
What is an Extended Warranty? An extended warranty, also known as a vehicle service contract, is a kind of protection for your vehicle that goes beyond the manufacturer’s warranty. It covers repairs for specified parts or systems of your vehicle for a set period of time, usually after the original warranty has expired.
THE GOOD
- Reduce Worry. One of the biggest benefits of an extended warranty is the peace of mind it provides. Knowing that you’re covered in the event of unexpected repairs can take a lot of stress off of you as a vehicle owner.
- Save Money. We know that repairs can be incredibly expensive, and having an extended warranty can often help you avoid paying for these out of pocket.
- Help Sell. If you sell your vehicle before the extended warranty expires, it can often be transferred to the new owner, giving them the same protection and peace of mind you had.
THE BAD
- They Cost. Extended warranties can be quite expensive, and it’s important to weigh the cost against the potential benefits.
- They’re Limited. Not all parts or systems of your vehicle are covered by an extended warranty, so it’s important to carefully review the terms and conditions before purchasing. Some extended warranties come with deductibles and limitations, meaning that you may still have to pay for some repairs even with the warranty in place.
- You Might Not Need It. If you don’t end up needing repairs during the warranty period, you may feel like you wasted your money on a useless service.
If you’re unsure whether or not an extended warranty is right for you, talk to us. We deal with extended warranty claims all the time. We know your car, and can help you understand the terms and conditions of the warranty.
That guy on the phone’s extended warranty is never a good idea, but a legitimate extended warranty can be a valuable investment for some vehicle owners. Call us and set up a time to discuss your options. We can’t promise to stop those Robocalls, but we can promise to help you make an informed decision for you and your vehicle.