An Extended Car Warranty Can Offer Peace of Mind

When one purchases a new vehicle, a lot is going through their mind. With so many questions that need to be answered, it can feel very overwhelming, to say the least. One of the most important questions one will get asked by a dealership is whether or not they want an extended warranty with their vehicle. If one is unprepared for this question, they may not know what answer to give.

An extended warranty is a type of warranty that will cover electrical and mechanical components of a vehicle that aren't typically covered by the manufacturer's warranty. Most extended warranties will last longer than the initial manufacturer's warranty. For those who are unaware, a manufacturer's warranty is the initial warranty that is offered with the new vehicle. It covers specific problems with a vehicle for a set amount of time. Each manufacturer's warranty is different from the next.

Benefits of Getting Extended Warranties

With just our initial explanation of what an extended warranty is, it can become clear why it's a good purchase for any vehicle owner. When one is given the potential cost of an extended warranty, they may question whether or not it's really worth buying. The truth is that one must weigh the benefits that they're receiving from the warranty with the costs to obtain it.

• It Outlasts The Manufacturer's Warranty - One of the biggest benefits that a vehicle owner can gain from obtaining an extended warranty is that it outlasts the manufacturer's warranty. No one wants to deal with unexpected car repairs. Luckily, an extended warranty can be there to protect the financial wellbeing of the vehicle owner for many years past the manufacturer's warranty.
• Peace Of Mind - One thing that can be bought in the vehicle world is peace of mind. It makes it so much easier to drive to do one's errands every day when they know that potential breakdowns are covered. They won't have to cringe at the thought of coming up with hundreds or even thousands of dollars for major repairs when they have an extended vehicle warranty.

Who Offers Extended Warranties

Unfortunately, it's a common belief by many vehicle buyers that an extended warranty can only be purchased from a car dealership. Many times, this is what they want everyone to keep believing. The truth is that an extended warranty can be purchased from multiple places. A simple search online will reveal a list of many companies who solely offer extended car warranties as their main form of business. Doesn't it make sense to purchase an extended warranty from someone who specializes in it?

When one steps outside of the idea of getting an extended warranty from the dealership where they purchased their car, they can open their eyes up to a whole new level of coverage. An extended warranty should be thought of as similar to any other type of insurance. One should shop around at different providers to understand different types of policy coverage options and their respective prices. This way, one can purchase an extended warranty that offers the vehicle coverage they want for a price that they can afford.

Are Extended Warranties Worth It?

Now, since one knows what an extended car warranty is and where they can get one, the next question that comes up is whether or not it's worth getting. A major benefit that we went over in respect to extended vehicle warranties is their ability to provide peace of mind for the vehicle owner. It's scary thinking about covering a major car expense out of pocket. Having a car warranty allows one to drive down the road without worrying about how they'd cover the expense of a car repair.

However, getting the right extended warranty plays a big role in whether or not it's worth the purchase price. There are many extended warranties that only offer minimal coverage and aren't worth it in the long run. Unfortunately, car dealerships are the most common places that one will find a slim extended warranty for a large price tag. They make it seem so simple because most dealerships will wrap up the cost of the extended warranty into the overall loan for the vehicle.