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When purchasing a used vehicle, there are a number of concerns. The main one being car maintenance and repairs. Since the car is no longer brand new, you can expect wear and tear to have taken some toll on various working parts.
New Car Or Used Car
The first major decision that you will need to make when buying a car is whether you should opt for a new or used vehicle. A new car might sound like the most attractive option but, from a financial perspective, it’s not always the most affordable or practical. Remember, as soon as you drive your new car off the lot, its value will depreciate by 20%. Each year, the value of any vehicle will steadily decrease but that initial drop is quite startling. While a new car often comes with some kind of manufacturer warranty, the downside of buying a used car means that you might not get any such assurances, which is where a used car extended warranty comes in. Just because you are buying a used car, does not mean that you cannot protect your investment. That’s why so many people prefer to buy used cars along with an extended warranty.
Minor Repair Costs
Regular vehicle maintenance includes parts like your brakes and various filters (air, fuel, etc). After time, it’s not only these parts that need to be replaced, but more expensive parts like the water pump, fuel injectors, fuel pump, battery and the various parts that make up the air conditioner system of your vehicle as well. Each of these repairs can cost hundreds of dollars. An extended used car warranty can help cut down a big chunk of these repair costs, if not the entire sum.
Major Repair Costs
Even if you think that you can afford the smaller repairs, it’s time to consider those major ones. Replacing the transmission can cost thousands of dollars, depending on the make and model of your vehicle. An engine replacement costs even more. Sudden breakdowns occur more often than you think, and it’s always good to stay prepared and have a used car warranty to fall back on.
Why Can’t I Save on my Own Instead?
One of the most common arguments is that you can create your own emergency fund. There are two problems with this. Firstly, it’s easy to forget or simply not add to your savings every month. You might end up spending beyond your means for one or more months which means that you will not have enough to set aside money for vehicle repairs. Secondly, you can easily use your savings for anything else whereas your used car warranty is strictly for vehicle repairs.
It’s also worth considering how you will manage if more than one repair is necessary within a short period of time. At A-Protect Warranty, we offer a variety of used car extended warranty options to suit your needs and budget. Call 1-866-660-6444 today to get the coverage and peace of mind you deserve.