When you’re buying a second-hand car, the car dealer will offer you an extended warranty. While there is no obligation to agree to an extended warranty, there are many benefits to doing so.
An extended warranty covers the costs of some of the repairs to your vehicle. Most commonly, they cover problems with the engine. suspension, steering, clutch, gearbox, braking system, and electrics. However, the specific components that are covered by an extended warranty vary between providers.
Extended warranties usually last between three and six months. They are specific to each manufacturer and have different amounts of coverage depending on the policy that you choose. For example, if you’re buying a second-hand Jeep, the car dealer will offer a Jeep extended warranty with varying levels of coverage.
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Benefits of Extended Warranties
Unlike car insurance, it’s not illegal to drive without an extended warranty. Many people prefer to risk driving without any extra financial coverage. But there are many benefits to having an extended warranty when you’re buying a used car and we’re going to cover these below.
1. Reduced Costs of Repairs
One of the main benefits of getting an extended warranty is the financial coverage that it provided. If your vehicle is damaged or faulty and needs repairing, your warranty provider will cover some of the associated costs.
Because you won’t need to pay for everything yourself, your vehicle becomes less of a financial burden. You won’t have to dip into your savings to pay for repairs and you can use your money to treat yourself instead!
2. Peace of Mind
As a driver, it’s nice to know that your vehicle is covered financially. You can relax and enjoy driving your new car without the worry of hefty mechanic’s bills.
If you’re happy to pay extra for the peace of mind, then it’s worth getting an extended warranty on your vehicle.
3. Access to the Best Mechanics
Warranty providers are in contact with some of the best mechanics in the area. If you run into trouble, you will gain access to expert car mechanics who can fix any faults or damages in a timely manner.
You won’t need to spend hours searching for a great mechanic because your provider finds the best professional for you. You also won’t have to wait several weeks to get your car up and running again so there is minimal disruption to your life.
4. Easier to Sell
If you plan on selling your vehicle, it’s worth getting an extended warranty to make your car more attractive to potential buyers. You can use the warranty as a selling point to attract buyers and get a great deal on your car.
People like to know that the vehicle they are purchasing is not going to break down in the near future. And they want to know that they are financially protected if this does happen.