Are Extended Warranties Worth It?

Happy driver in his newly purchased car

 

No matter if you’re looking for a new vehicle with all the bells and whistles or a reliable used vehicle for your Blackfoot adventures, you’ll likely consider purchasing an extended warranty. Should I buy extended warranties? Are extended warranties worth it? It really comes down to the way you drive and the type of life you lead. If you’re looking to keep your vehicle for many years to come and want extra coverage for those “just in case” moments, you’ll want to consider having one! Learn more from the finance experts at Ron Sayer's Chrysler Jeep Dodge in this guide.

What is an Extended Warranty?

An extended warranty is extra coverage you can opt in for when you’re financing that next vehicle. It provides additional maintenance coverage once your factory warranty expires. Consider it as an additional safety net in the event of problems once your major powertrain warranty has ended. If a major repair crops up, you’ll have the extended warranty to help cover the cost of repairs.

What Else do Extended Warranties Cover?

Plans will vary between manufacturers and dealers in Pocatello, not to mention whether you’re getting it on a new or used car. Still, extended warranties may have options for coverage for the following:

  • Towing
  • Roadside assistance
  • And more

Extended Warranties for New & Used Vehicles

You’ll have the option of buying an extended warranty for a new or used vehicle, but they’ll work differently based on the condition of the car. Here’s some tips Rexburg drivers should consider when they’re asking “should I buy extended warranties?”

New Vehicles

  • Are you going to swap out your vehicle in the next 10 years? If so, you might not need an extended warranty because today’s cars are more reliable than they once were.
  • If you’re going to keep it more than 10 years, however, you’ll definitely want to consider it.

Used Vehicles

  • Be sure to have the vehicle inspected and an estimate created for any vehicle issues before you consider an extended warranty.
  • Have a good idea on how long you’re planning on keeping the vehicle too.

Your Finance Hub is Ron Sayer's Chrysler Jeep Dodge

Still got questions like “are extended warranties worth it?” Take your questions to Ron Sayer's Chrysler Jeep Dodge and have them answered by the pros. Contact us today and we’ll walk you through any questions you may have about getting an extended warranty for your car.

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