The Benefits of an Extended Warranty

The Benefits of an Extended Warranty

An extended warranty is an essential term in the car-buying process. It protects the vehicle from any potential damage caused due to unavoidable circumstances. This is an additional coverage that provides protection to your car. Apart from the factory warranty, it comes as an extra shield to cover heavy repairs. Despite these advantages, many car buyers do not opt for this warranty due to negligence. They are either misinformed or misguided about the implications of this coverage. Here are the top benefits of an extended warranty that you must know when buying a car.

Comprehensive Warranty

An extended warranty is a comprehensive coverage that covers many repairs required by your car. When you buy a vehicle from a dealership, you get a factory warranty from the manufacturer. This original warranty has a limited scope. It is available only for the damages caused when driving the vehicle as per manufacturer’s guidelines. On the other hand, an extended warranty covers many additional repairs due to its comprehensive coverage. After the expiry of the original warranty, this additional coverage keeps your vehicle in good drivable condition.

Hassle-Free Ownership

If you want to enjoy hassle-free ownership of your car, invest in an extended warranty. It is available at certified dealerships of all major automakers. When your car needs any unexpected repairs, it will be covered by the extended warranty. It increases the expected lifespan of a vehicle by providing timely repairs even after the original warranty runs out. Major issues and damages related to the engine or transmission are covered by this warranty. The amount of coverage includes expenses like towing charges and roadside assistance for emergency breakdowns.

Complete Advocacy

Sometimes you need to know about the underlying conditions of your car for its proper repair or maintenance. This becomes imperative if your car sustains severe damage and you need to visit the nearby mechanic. An extended warranty keeps you covered in such situations. Even if you don’t have extensive knowledge of automobile technology and components, you may seek guidance from expert professionals working for the warranty provider. They will guide you through understanding the damages and repairs required by the vehicle. With this knowledge, you can make better and well-informed decisions.

Resale Value

When it comes to the resale value of a vehicle, an extended warranty becomes essential. It affects the resale price to a great extent. Extended coverage implies that the vehicle was well-maintained by the previous owner with proper and timely repairs. With this factor, you may get a higher resale price for your car.

More Savings

If you want to save more money on your car ownership, an extended warranty is a viable option for you. It helps in reducing the chances of severe damages by providing timely maintenance. Any costly repairs can be averted by opting for this warranty. It will cover the complete expenses and you won’t need to pay anything from your pocket. To get this coverage, you only pay a small monthly premium depending on the plan chosen by you.

These are the main advantages of choosing an extended warranty coverage when buying a vehicle.