If you don't live near a dealership, this could make repairs and maintenance more difficult. The downside to this option is that you have to take your vehicle to an official dealership for repairs. It could even slightly increase the value of your car. This could be a great selling point for a private party who wants a reliable vehicle. If you sell your vehicle, you'll also have the opportunity to easily transfer that car warranty to the vehicle's new owner. You can trust that the repairs are done by somebody who is familiar with your vehicle. For instance, your repairs will be completed by a factory-trained mechanic, and all replacement parts will be from the manufacturer. Should You Buy an Extended Car Warranty from a Vehicle Manufacturer?īuying a car warranty from a manufacturer offers some benefits. These companies have their own stipulations for when you're eligible to buy a new warranty. Of course, you can buy third-party extended warranties whenever you'd like. The paperwork should detail exactly how much the warranty costs and what kind of warranty you're paying for. You can also purchase an extended warranty through a manufacturer on the day you buy a new or used car. At this point, you can choose to purchase the policy from the manufacturer or find a third party you'd rather buy from. In most cases, you'll be offered an extended warranty by the manufacturer when the original factory warranty expires. If you're considering an extended car warranty, you need to know if you're eligible to buy one in the first place. When Can You Get an Extended Car Warranty? If you aren't able or willing to stick to the schedule, the extended warranty is probably not worth it. Additionally, you could void your extended car warranty if you don't take your car in for regular maintenance. Keep in mind that extended car warranties don't cover regular maintenance or wear-and-tear damage. If you travel frequently, a warranty with trip interruption coverage could be a great deal. For example, a warranty could cover reimbursement for a rental car or for hotel rooms you have to cancel. Roadside service also covers assistance with flat tires and dead batteries.Īn extended warranty is also beneficial if you have to stop your trip due to car issues. Roadside assistance includes services like towing your vehicle from the side of the road to an auto shop or bringing you a tank of gas if you're stranded. Some extended car warranties also include roadside assistance. If your car is in compliance with the required maintenance schedule, your repairs will be covered if you take your car to the specified auto shop. In a way, an extended warranty can act like an insurance policy since you pay a pre-determined deductible for necessary repairs to these parts of your car. What Does an Extended Car Warranty Cover?Įxtended warranties cover the major components of your vehicle, including the engine, transmission, gaskets, and axles. Is an extended car warranty worth it? Before you commit to an extended warranty, you should keep a few things in mind. In these cases, a warranty is probably not the way to go. Or, maybe you're not planning to keep your car much longer. For example, some warranty plans are very expensive. An extended car warranty isn't the right choice for all car owners. While an extended car warranty or vehicle service contract has a lot to offer, the answer to whether you should buy one is tricky. You'll also be able to choose from several warranty options so you can cover the repairs that concern you most. You'll have the option to buy a warranty from your vehicle's manufacturer or a third-party provider. If your car's original manufacturer warranty is about to run out, you're probably trying to decide if buying an extended warranty is worth the cost. When something happens to your vehicle's engine or transmission, an extended car warranty may pay for its repairs.
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