Thinking of buying a vehicle in 2022? Then it will be wise to purchase an extended warranty alongside. You might be asking why? Well, here is the answer. Extended warranties are forms of agreement between the car owner and the carmaker/third-party provider that is set to cover any expenses that
arise as a result of mechanical or electrical damages to the car. This contract is usually based on a set duration.
What about the manufacturer’s warranty?
Some folks might be asking why does one need an extended warranty yet the car comes with the factory warranty? Okay, the answer to that is very open and simple. The factory warranty is not meant to last for the longest time possible. On average, most cars come with the manufacturer’s warranty that is set to last up to 60,000 miles or 3 years. An individual who is planning on keeping his/her for long might be troubled with that. No need to panic. The short manufacturer warranty duration was the key reason for the introduction of extended warranties.
Extended warranties are just a continuation of the factory warranty. The only difference from the manufacturer’s warranties is their diversified nature, flexibility, price, extent of coverage, and transferable nature. If you are a car owner or planning to get a car in 2022, an extended warranty needs to come in handy. Spending on one will not be in vain. There are tons of amazing benefits and pros of getting an extended warranty for the car. Both apply to the car and the car owners as well.
Cost of extended warranties
There is no exact price from which you can secure an extended warranty. However, the marketplace is very wide as there are lots of third-party providers dedicated to providing coverage to cars. Extended warranty cost varies depending on various factors;
- The type of plan you wish to purchase- There are different forms of plans with each having its coverage extent and price.
- Car model- Depending on a specific model you own, the price will not be the same as the other customers. Expensive rides mean an expensive plan and therefore prices go high.
- Deductible- Deductible is a set price you pay to cushion your plan monthly. It is not that much.
- Mileage
- Driving habits
Though not exact, it is estimated that you are likely to spend over $ 1,000 yearly on extended warranties.
Benefits of investing in an extended warranty.
Spending on an extended warranty comes with benefits that are enjoyed by both the car and the car owner. They include;
Drive for long and in good shape.
If you are planning on keeping your car for the longest time possible then investing in an extended warranty is a plus. It is such a huge move and the impact is visible once the car begins to fall victim to faults over time. An extended warranty is usually quick enough to kick in anytime there is a claim made.
Therefore, you have no time to waste or delay because of a fault. You keep going. This cycle happens over and over and in turn, keeps your car in pristine shape.
On top of that, you need to ensure your driving habits are tolerable. Bad driving habits drag the powers of an extended warranty. Ensure you drive well and safe to see your car drive for the longest time.
Saves you big with costly repairs.
The real deal now comes in once you come across an expensive repair on the car. Let’s say you get a problem with the powertrain system which comprises of most expensive parts in a car. Normal, repairing and replacing any damaged part in the powertrain system costs up to $7,000 for the engine and $3,000 for the transmission system.
Owning an expensive car is worse. Imagine spending on the car's insurance, fueling, and other maintenance issues. Those are already too much to bear. Now imagine adding an extra huge repair bill on top. You won’t go far when having trouble maintaining your car unless you get support. Extended
warranties do exactly that. An extended warranty protects your wallet and saves you from spending hard on repairs. Your savings increase and if you live under a tight budget, you are relieved of the extra burden.
High resale value
Are you planning on reselling your car? Does it have an extended warranty? The trick to reaping bigfrom the sale is buying an extended warranty. Many car owners are looking for warranted cars andyours with an extended warranty could go for a much huge price. Extended warranties preserve the car’s condition and therefore retain much of its value.
Conclusion
Extended warranties are a great investment that won’t disappoint in any case. If you are currently on the market shopping for your ride this 2022, then you also have to do the same for an extended warranty. Get the best deals and extensive plans from us here at A-Protect Warranty. To get further help and information concerning our services, give us a call at +1-866-660-6444 or write to us through email at info@a-protectwarranty.com.