Buying a car involves a lot of steps – research, test drives, qualifying for a loan, paperwork, and so on. By the end, you are exhausted, ready to sign on the final dotted line, and be handed the keys. But before you can ride away in your new set of wheels, there is one thing you may have questions about – should you opt for an extended warranty? This question tends to pop up toward the last steps in the car-buying process. While there is no right or wrong choice, making a decision can be tough. To help you decide, here are some pros and cons of extended automotive warranties.
Pro: Easy to Purchase
When you buy a car from a dealership, purchasing an extended warranty is made very easy. Instead of having to complete lots of paperwork, most dealers offer an extended warranty as part of the vehicle. While it may cost a little extra, the dealership will take care of all the grunt work for you, like setting up payment plans. Dealers also usually allow you to have your car repaired at the dealership, which is often more trustworthy and easier.
Pro: Designed to Fit Your Needs
Most cars from a dealership come with some sort of warranty. Some warranties cover a vehicle's powertrain for a certain amount of time, while others provide free maintenance up to a certain mileage. But if you want more coverage, you can get it by adding on more extended warranties. This way, you can choose exactly what you need so you avoid having to pay extra for services you won't use or simply don't want.
Pro: Electrical Repairs
Have you ever owned a car that suffered from electrical problems? If so, you know very well how frustrating it can be when technology doesn't work correctly. As cars become ever more filled with intricate technology and electronics, investing in an extended warranty that covers these sorts of problems could be a wise choice. Not only will it cut down the costs of out-of-pocket repairs down the road, it will also provide you with peace of mind in case anything ever goes wrong.
Con: The Exclusion List
When you decide to purchase an extended automotive warranty, you probably think it will cover every problem – large or small – that your car ever endures. Unfortunately, this is not the case. Before you opt for an extended warranty, be sure to check the exclusion list that comes with your warranty. On this list you will find all of the parts and systems that will not be covered by your extended warranty. A look over this list will help you decide if the extended warranty you are interested in is actually worth it.
Con: It Goes Unused
No matter what vehicle you buy, some just seem to have problem after problem, while others continue to run for years without the slightest hitch. If you're lucky, you will invest in a vehicle that never suffers any serious problems. The only thing about this is that a car that never has any problems means you will not use your extended warranty. This means you've spent several hundred dollars purchasing an extended warrant you didn't need.
A Pro Mixed with a Con
The main reason people don't buy an extended warranty is because it is an extra expense tacked on to an already expensive purchase. But while extended warranties come at an additional cost, if there is ever a problem with your car, you will be very glad you spent the additional cash.
To learn more about the many pros and cons of extended automotive warranties, we can help. Just swing by any of our dealerships, located in Gallatin, nearby to Madison and Nashville, TN.
This entry was posted in Ron Hibbard Toyota and tagged extended warranties, car warranties, pros and cons of automotive warranties, how much do extended warranties cost, reasons to get an extended warranty for a car on 09/15/2016 at 3:57 PM