![]() ![]() In many cases, purchasing an extended warranty can protect drivers from unexpected repair costs, limited coverage from the manufacturer’s warranty, and costly repairs that are not covered by any warranty at all. When shopping for a new car, or even a used car, many consumers prioritize affordability and convenience instead of considering the potential risks and expenses associated with vehicle ownership. The Risks of Not Having an Extended Warranty Many original factory warranties and insurance companies require you to visit the manufacturer’s dealerships for repairs. They use high-quality parts to ensure the vehicle is restored to its original condition and guarantee their workmanship. These facilities employ skilled technicians trained to diagnose and repair various car issues. With an extended warranty, drivers can avoid these costs and save money in the long run.įinally, car extended warranties provide access to certified repair shops. Car repairs can be costly, mainly when dealing with serious issues such as engine breakdowns or transmission failure. An extended warranty covers most of these unexpected expenses, allowing drivers to focus on other aspects of their lives while their vehicles are being repaired.Įxtended warranties also protect against expensive repair costs. Car accidents and other unexpected damages, such as dents, scratches, and dings, are common and can be incredibly costly. This coverage enables you as a car owner to enjoy your vehicle for an extended timeframe without worrying about expensive repair costs.Īnother significant benefit of car extended warranties is the peace of mind that comes with knowing that unexpected repairs and damages are covered. An extended warranty can extend that coverage period by an additional few years or up to 100,000 miles, depending on the offer. Most new vehicles come with a 3-year or 36,000-mile warranty, whichever comes first. The primary benefit of an extended warranty, or service contract, is the extended coverage period beyond the manufacturer’s warranty. ![]() ![]() Let’s look at the benefits and risks of not having an extended warranty. You can get factory-like warranty coverage for your vehicle by purchasing an extended warranty. If this happens during your factory warranty period, you might be covered, but if your original warranty has expired, you will be left footing the bill yourself out-of-pocket. While regular maintenance can help prevent mechanical breakdowns, some parts can fail unexpectedly. Keeping up with your vehicle’s routine maintenance schedule and keeping an emergency fund can help you stay protected from unexpected repair bills. As a car owner, maintaining your vehicle is one of your most important responsibilities. ![]()
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