Is It Worth Extending Your Car Warranty?
When you buy a new or used car, you don’t need to worry about getting a warranty for it. Most vehicles already have an active warranty when you purchase them.
This warranty can be valid for three months, six months, or twelve months. Once this time has passed, you aren’t legally obliged to renew your warranty. It’s not against the law to drive a vehicle that doesn’t have an active warranty.
So, that begs the question ‘is it worth extending your warranty?’ If it’s not a legal obligation, should you bother paying more money to extend your coverage?
This article is going to discuss the pros and cons of getting an extended warranty. By the end, you should be able to make an informed decision as to whether or not you want the extra coverage.
What is An Extended Warranty?
An extended car warranty is a form of insurance. It covers some of the costs for various repairs and replacements that your car might need.
Your warranty won’t cover everything but it can drastically reduce the costs of most of the repairs or faults that would otherwise be very expensive. For example, your warranty wouldn’t cover brake pads, windscreen wipers, or tires. However, it would cover problems with the engine, suspension, clutch, or electricals in your car.
When the warranty on the car you’ve just bought expires, you can choose to extend the warranty. You can extend your warranty via the car dealership or choose a different online provider.
Should You Get An Extended Warranty?
Choosing to get an extended warranty is a personal choice. There’s no right or wrong answer.
To make an informed decision, it’s important that you can weigh up the pros and cons. You need to consider whether you’d be able to pay the full costs in case you encountered an issue with your car in the future.
It’s also a good to check the Endurance warranty reviews to hear other people’s opinions. You’ll be able to read about why people have chosen to extend their warranty and how having the extra coverage has been helpful for them.
To help you make a decision, here are the main advantages of disadvantages of getting an extended warranty for your car.
Pros of Getting An Extended Warranty
One of the main advantages of having an extended warranty is the reduction in future repair costs.
If you run into unexpected issues with your car that needs fixing as soon as possible, you can rest assured knowing that many of these costs will be covered by your warranty. This saves you a bunch of money and stress!
If you don’t have an emergency fund set aside, your warranty providers can pay for your repairs or replacements.
Cons of Getting An Extended Warranty
Many people prefer to take the risk and pay if and when they run into trouble with their vehicle.
If you have an emergency fund and you can comfortably pay for repairs or replacements, it might not be worth getting an extended warranty. Plus, if your car is older or has driven a lot of miles, it’s likely that your warranty will be expensive.