Why is Buying an Extended Warranty So Important?
Money’s tight for millions of Americans. Rent and mortgage costs, bills, taxes, raising children, buying groceries — the expenses of everyday life make finding the cash for that state-of-the-art sports car be tough, if not impossible. Still, there’s no need to go after new, often overpriced models. Investing in a high-quality used vehicle from a reliable dealership instead is a much more cost-effective option!
You’ll have hundreds of cars, trucks, SUVs and more to choose from, all inspected by experts for real peace of mind. The best showrooms cater to drivers of all tastes, lifestyles and budgets too. However, one point to consider when purchasing a pre-owned car or truck is the warranty. Dealerships will often supply one with their cars, but an extended warranty might still be a smart choice. Let’s take a closer look as to why:
Extended Auto Warranties in Brief
Never purchased a used car or an extended warranty before? It’s a pretty simple subject. Extended warranties (sometimes referred to as ‘service contracts’) work as insurance policies on your pre-owned vehicle and investing in one means you’ll be protected against specific potential expenses in the future. They usually last longer than basic warranties issued by the dealerships.
While buying extended warranties does mean more money, it’s actually a cost-effective alternative to paying for repairs, parts, and services you could face down the road. Breakdowns or faulty parts may take you by surprise, and most of us don’t always have the cash on hand to cover the charges without warning. Buying an extended warranty could be the smartest option for you even if you pick the lowest-priced pre-owned vehicle in the showroom. What advantagesdoes it offer you?
Some Extended Warranties Can Be Transferred To Your Next Car
In some cases, your extended warranty’s lifespan could be longer than the length of time you keep your vehicle. Some extended warranty plans can not only be transferred to the next owner of your vehicle, but the remainder might be transferrable to your next pre-owned car or truck.
When available, transferring your extended warranty over to your next vehicle saves you money on a new contract and gives you valuable peace of mind. Make sure you ask about transference before you sign on the dotted line — don’t just assume it’s possible.
Cover Yourself Against Major Issues
Many used car dealerships are highly committed to great service so they include some type of warranty on all vehicles they sell. The warranty will normally be for a certain length of time (typically 30 to 90 days) and cover specific components of the vehicle. Investing in an extended warranty will give you options for wider coverage for potentially-expensive repairs. Paying for the extended warranty is another cost, of course, but it’ll take a real weight off your mind.
Add Value To Your Pre-owned Vehicle
You may be planning to keep your new car or truck for some specific amount of time. With time and/or mileage remaining on the extended warranty, your vehicle will usually have a higher value when you go to sell it, giving your buyer the same protection you’ve enjoyed. Seeing the warranty in place should also help to make you more trustworthy and appealing as a seller; if you’re responsible enough to take out an extended warranty, you’ve likely taken good care of the vehicle too. And if your warranty has covered the cost of replacing any faulty parts, that makes the vehicle more appealing as well. Potential buyers will know they won’t have to worry about those replaced parts going bad anytime soon.
Extras May Be Covered
Some extended warranties even offer more benefits beyond coverage against repairs. You may be able to get a discount on renting a car, a fantastic advantage if you tend to hire vehicles on vacation or for business trips on a regular basis. You could actually save yourself a lot of money just by paying for an extended warranty.
Towing services may also be covered or discounted, as a further benefit. Hopefully, your vehicle would never actually need to be towed for any reason but knowing you won’t have to pay for such an unexpected charge is a big relief. Even if your car or truck is in great condition, something as simple as a flat tire may leave you in need of a tow truck.
Talk to the dealer about what your extended warranty will cover and any little extras (such as the above) that may be included. Weigh all of your options and make sure you know exactly what your money is getting you.
Points to Consider
It’s worth considering that not everything in your car will be covered by your extended warranty, specifically parts prone to wear and tear (brakes, tires etc.). This shouldn’t put you off investing in an extended warranty, but do take the time to research any plan you’re interested in. Each warranty plan is different, covering different components of the vehicle, so take your time and evaluate what coverage will best fit your needs and budget. Another factor to think about when looking at an extended warranty is its suitability to your lifestyle and environment. Will it be right for the weather or road conditions you encounter on a daily basis? Again, talk to the dealer about any concerns you might have.
When you buy a pre-owned vehicle from Best Buy Imports, you’ll get a 30-Day PowertrainWarranty. This provides coverage for your transmission, engine and other vital parts of your vehicle for the first 30 days of ownership! And we can give you all the help and advice you need when looking for an extended warranty that covers you beyond that initial period.
We’ll also help you find the pre-owned model that best fits your needs and lifestyle, with financing that’s within your budget. Check out our constantly changing inventory of late model, low mileage cars, trucks and SUVs, all at outstanding prices.
Want to know more? Just give us a call or drop in to see us at either of our two convenient Frankford Ave locations.