Are Extended Car Warranties Worth It?

Whether you are shopping for a new or pre-owned vehicle to drive in Frankfort and Delphi, you’ll have the opportunity to purchase an extended warranty. So, what is an extended warranty? Are auto extended warranties worth it? Find out the answers to these questions with Lafayette GMC! We review what this warranty option covers to help you make the right choice for your driving needs. If you have any questions after reviewing our guide, please let us know. We are here to help you get the most from your buying experience at our dealership in Lafayette.

What Is An Extended Warranty?

An extended warranty is an additional plan you can opt for when you are financing your new or used vehicle that provides additional maintenance coverage once your factory warranty has expired. Think of an extended warranty as an additional safety net; if your major powertrain warranty has ended and a major repair comes up, an extended warranty will help cover the cost of that repair.

What Else Do Extended Warranties Cover?

Plans can vary between manufacturers and dealers, and whether you are getting a new or used extended warranty. However, extended warranties may include or have options for coverage that include:

• Towing
• Roadside assistance
• And more

Extended Warranties For New & Used Vehicles

Extended warranties apply to both new and used vehicles, but they work differently depending on the car’s condition. Whether you’re looking to tack on an extended warranty on a new or used car, here are some tips to consider for both:

New Vehicles

When it comes to deciding whether you should get an extended warranty for a new vehicle, you’ll want to consider a few factors, such as:

• Do you plan on swapping out your vehicle in the next 10 years? If so, you may not need one, as vehicles are built to be more reliable than in the past.
• If you’re planning on keeping your vehicle for more than 10 years, then an extended warranty can be worth the investment.
• It’s also worth checking to see what insurance coverage is included with your new vehicle purchase.

Used Vehicles

When it comes to used vehicles and extended warranties, it’s all a question of reliability. Consider the following:

• Having the vehicle inspected and an estimate created for any vehicle issues.
• Decide how long you plan on keeping the vehicle.

Do I Need An Extended Warranty?

Extended warranties are perfect for those who are worried about breaking their budgets should a major issue come up or a repair is needed. As stated before, extended warranties are an extra precaution set in place should an unpredictable maintenance problem arise. These warranties give you peace of mind while on the road. If you are someone who would like that extra safety net for the health of your vehicle that won’t break the bank, then an extended warranty is worth it.

Discuss All Of Your Financing Options At Lafayette GMC

Are extended car warranties worth it? Now that you know, do you have further questions for our team? Contact our dealership near Indianapolis online or call (765) 257-2942. We look forward to reviewing your financing options! Our team also invites you to learn about our limited powertrain and lifetime powertrain warranties.