Why Should You Consider Buying An Extended Car Warranty?

 

Overview

When it comes time to buy a new car, most of us are focused on the initial cost: the price of the car itself, the dealer fees, and so on. But what about after you drive your new car off the lot? Unless you have an extended car warranty, you're on your own when it comes to repairs. And those repairs can add up quickly, especially if they're unexpected.


An extended warranty can help cushion the blow of those unexpected expenses, and it can also provide peace of mind. An extended warranty, also called a vehicle service contract, is an insurance policy that covers certain repairs or replacement costs for your car after the manufacturer's warranty expires. It can be a great way to protect yourself from costly repairs down the road.

Reasons to buy an extended car warranty

Impressive cost savings

Many people wonder if extended car warranties are worth it, especially since they must be purchased separately from your vehicle. An extended auto warranty can frequently save you a considerable amount of money.  


An extended warranty could save you thousands of dollars on expensive parts if you own a luxury vehicle such as a Lexus or BMW. A BMW 328i cylinder head replacement can cost up to $11,000, which is many times the cost of an extended warranty.



While vehicles from Ford, Chevrolet, and Toyota may have reduced markups, costs add up quickly as your car's reliability deteriorates over time, a process exacerbated by deferring repairs.

It protects your vehicle long after the factory warranty has expired

According to recent studies, the average length of ownership of a new car is 6.5 years. This means that people are keeping their cars for longer periods of time due to financial constraints or to improve their driving skills. Although most new cars come with factory warranties, the number of years of ownership or miles is limited. A new car typically comes with a factory warranty of 36,000 miles or 36 months. With the average ownership of new cars doubling, you will be without protection for an extended period of time. As a result, purchasing an extended warranty can protect your vehicle even after the factory warranty expires.

After major car maintenance, the warranty could pay for itself

Cars nowadays have complex technology, making it difficult to repair them yourself and expensive to pay for repairs. If any of the systems fail, you will be responsible for the repair and labour costs because an expert is required. However, if you purchase an extended warranty, it can cover technological, electrical, and computerised systems, potentially saving you thousands of dollars. Some car parts are quite expensive, making it difficult for car owners to repair their vehicles on a budget. You can save thousands of dollars each month or year by purchasing an extended car warranty.

Benefits that are not covered by a factory warranty

Extended warranties, also referred to as factory warranties, provide additional benefits to car owners. For example, Protection Gurus' extended warranty includes emergency roadside assistance and a rental car allowance. This can be both economical and convenient, especially if you are stranded on the side of the road or your car requires extensive repairs. Depending on the company you choose, an extended car warranty can be beneficial in stressful situations. Some of the benefits of an extended warranty include towing, trip protection, lodging, and affordable payment plans.

You can save money on a new car

An extended warranty, like life insurance, becomes more expensive as the vehicle ages. If you buy an extended warranty plan with your new car, it will be less expensive than if you buy it after your factory warranty expires. If you buy an extended warranty for a new car, you'll get more bang for your buck as your vehicle requires repairs over time.

Increasing the resale value of your vehicle

If you plan to sell your car, an extended warranty can boost its resale value or attract new buyers. When you sell your car before the extended warranty expires, you can Usually, I will transfer it to the new owner for a small fee. Potential buyers prefer buying cars with extended warranties because it gives them peace of mind and guarantees that the car will not break down soon.



An extended car warranty offers many advantages to car owners. For example, the peace of mind provided by an extended warranty extends to other aspects of your life as well. You can easily budget your car expenses while also taking care of other matters. With an extended warranty, you won't have to worry about missing a car payment because of plumbing problems in your home. Because you know you're covered, it's simple to budget and enjoy owning a car.

Wrap-it up

Protection Gurus are experts in car protection and offer a range of warranty options for your car. Their warranties cover a wide range of issues, and they are backed by a team of experts who will help you when you need them. If you are looking for peace of mind when it comes to the safety of your car, an extended car warranty from Protection Gurus is the best option for you.

Comments

Post a Comment

Popular posts from this blog

Effective Tips to Avoid a Huge Auto Repair Bill

Image
  It's always a bit of a worry when you get your car bill after a repair, but sometimes the cost can be jaw-dropping. People end up with huge vehicle repair bills for several reasons. Of course, the most obvious reason is when your vehicle is involved in an accident. Getting your vehicle back on the road after an accident in prime shape can prove to be costly.  However, apart from accidents, many other reasons result in huge auto bills. Sometimes people ignore the warning signs that their car is giving them and wait until the problem becomes so big that they have to take it for repair. Other times, people try to do the repairs themselves and worsen the problem. And finally, sometimes people take their cars to an unlicensed mechanic who charges them an arm and a leg for repairs that are not even necessary.  To avoid these situations, people look for the most reliable extended warranty providers for their vehicles.  No one wants to get hit with a huge bill for vehicl...
Read more

Everything You Need To Know About Buying An Extended Car Warranty!

Image
A car warranty is an insurance policy a car owner purchases to cover the costs associated with repairing or replacing parts on their vehicle. Car warranties are typically purchased at the time of sale, because a car warranty aims to protect the owner from costly repairs and replacements that may occur due to normal wear and tear on their vehicle. When your car's warranty expires, the manufacturer is no longer responsible for the cost of repairs, which can run into thousands of dollars. An extended car warranty can help by covering some or all of those costs. The best-rated extended car warranty providers offer maximum benefits at a minimum premium.  How do extended warranties work? When you buy a new car, the dealer may try to sell you an extended warranty. An extended warranty, also known as a service contract, is an agreement between the car owner and the warranty company that promises to cover the cost of certain repairs or services for a specific period. Third-party warranties...
Read more

Top 5 Reasons Why Extended Car Warranties Are Beneficial!

Image
When you buy a car, the manufacturer typically offers a warranty that lasts for a certain number of years and miles. This warranty covers the majority of problems that can occur with your car during that time period.   However, once the manufacturer warranty expires, you are on your own if something goes wrong with your car. An extended car warranty can help you avoid this problem. It can protect you from unexpected repair costs and provide coverage that your original factory warranty does not provide. The following are five reasons why buying an extended warranty is a wise decision: 1.     Savings that are impressive Most people don't think about car warranties until they need one. And by then, it's often too late. The best time to buy an extended warranty is before your manufacturer's warranty expires. That way, you can take advantage of the most comprehensive coverage and enjoy the best value for your money.   2.     Peace of Mind ...
Read more