Whether you are purchasing a new or used car, most dealerships offer a limited warranty for their buyers. It either comes in the form of a 60 or 90-day coverage depending on your contract agreement. Also, with most states requiring dealerships to present a minimum warranty, it can be used to ensure that a buyer gets extra protection for their purchase.
Although this type of guarantee allows a person to walk off with their purchase confidently, the problem is most of the problem that appears comes after the warranty has lapsed or has been terminated. This is the reason why most dealerships offer a third-party warranty which lasts longer.
The decision to prolong the warranty or not is sometimes left to the customer and is not a compulsory requirement needed for the whole purchase. Yet, getting one can be an indispensable investment that gives you value for money over time.
Repair Insurance that saves you on Extra Expenses in the Long Run
Prolonged warranty coverage is more like a repair insurance that finds its value over time. It may not be plainly obvious in the next couple of months, but it will be valuable as your vehicle starts to age.
With protracted auto warranty coverage, you never have to worry about your car maintenance or repairs for the duration of your signed contract. What normally happens when your vehicle breaks down is the warranty provider incurs the expenses compared to paying out of your pocket. This saves you money from repairs and maintenance services needed to keep your vehicle running.
Also, it is true that the market abounds with lots of opinions about prolonged auto warranties. Most of them claim that the premium you pay will not equal to the repair services your vehicle will incur during its lifetime.
A Prolonged Coverage is Never a Waste of Money
Considering that the used car you’ve purchased may not have a history of repairs and maintenance done, it can be hard to determine its longevity. Considering a prolonged auto warranty coverage will help you get away from the shackles of paying enormous amounts of money just to have it fixed.
It is also better to know for a fact that most people who purchased an additional coverage for their vehicle ended up using the warranty coverage multiple times. Many of which, used it in the first years of purchasing their used cars.
This just goes to show how valuable protracted auto warranty coverage can be. It is a worthwhile investment that will eventually save you thousands of dollars on repairs and maintenance services you need.