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Those who have bought vehicles in the past can testify they were once introduced to add-ons by dealership salesmen. Among the add-ons, extended warranties come to the forefront. But, due to a lack of knowledge and trust, you might have declined the offer.
One reason could be because a factory warranty already covers your car, or perhaps the extended warranty cost was beyond your abilities. That has been happening and is still happening up to date.
Most car enthusiasts do not see an extended warranty's value or worthiness. But why? Well, is going to be discussed further below in this publication. To begin with, let’s have a brief introduction to what an extended warranty entails.
What is an extended warranty?
An extended warranty is a coverage contract purchased by third-party dealerships. It is responsible for covering the vehicle against mechanical damages that happen to the vehicle. The coverage of extended warranties always begins once the factory warranty expires. As we all know, the majority of most factory warranties are never meant to last that long. They usually go for around 3years/36,000 miles to 5 years/ 60,000 miles.
Although a sweet deal that an extended warranty might come with, many people still do not see the need to purchase one. This article has up to 10 reasons that could be backing why many car enthusiasts do not see the need for an extended warranty.
1. Use of extended car warranty is not guaranteed.
This is the number one reason why people avoid investing in extended warranties. Warranties are a great deal to invest in only if you are sure of using the contract. Contrary to that, you might never use your car extended warranty. Why is it so?
Well, once you have a manufacturer warranty in place, is there any need for a factory warranty. On top of that, a car also comes with insurance otherwise classified as mechanical breakdown insurance. Like a factory warranty, this insurance policy covers any mechanical damages to the car. As if that is not
enough, once you have good driving habits and are good are car maintenance, the likelihood of expensive repairs is reduced. Therefore, the chances of using an extended warranty are reduced.
2. It adds up cost.
As previously stated, most car enthusiasts are exposed to extended warranties during purchasing. A sales guy pulls you behind and starts explaining to your some “crazy” add-ons you’ve probably never heard. An extended warranty is always on the list.
However, it is never free. Its cost is not included in the vehicle's price; instead, purchase it separately. The cost of extended warranties is not fixed. It varies depending on the type of plan you have selected. It never comes cheap either way.
3. Exclusive nature.
Extended warranties become a turn-off mostly because they are exclusionary. Even though they save costs, they are also exclusionary because they omit some parts of the car from the coverage contract. Among the parts of the car that are mostly excluded are the wear and tar parts. That is, Tires, brakes,
clutch plates, and many more parts that are wear and tear.
4. Limited access to own repair centers.
Once you have purchased an extended warranty and an event warranted against it happens. You can only take the vehicle to the designated repair centers listed on the contract. You cannot take the vehicle to any repair or service centers of your choice.
5. Overlap by factory warranty
Extended warranties are unnecessary because one can still secure their vehicles with a factory warranty. Once the factory warranty expires, you can still get an extension, which can overlap with the original contract.
6. “Scam perception”
Most people avoid extended warranties with the thought that it could be a possible “scam”. That is evident with the “soothing” marketing ads of extended warranties, but in a real sense, there is nothing.
7. Reliability of modern cars
The quality and reliability that comes with new cars is another reason why people are avoiding extended warranty. Once you have a car that does not break down quickly, causing extensive repairs, you won’t need an extended warranty.
8. Ability to handle car maintenance personally
An extended warranty is rendered useless once one can take charge of any repairs and replacement bills.
9. Preference for dedicated savings account
Since the likelihood of expensive mechanical damage is low, most car owners choose to secure their savings in a dedicated savings account rather than buying an extended warranty.
10. Short-term car-owning.
An extended warranty is a burden, especially for those who want to keep their car for a short period. Purchasing an extended warranty only works right for those who plan on keeping their cars for long.
Conclusion
The reasons above are common reasons car enthusiasts do not need an extended warranty. But one thing you live to learn is that no add-on can be worthless.
That means extended warranties are essential to the car's well-being. After all, you will probably come across expensive repairs and replacements that might need external aid. THAT Will only be possible if you have secured an extended warranty. Visit us now at A-Protect Warranty Corporation or call us at 1-866-660-6444. You also choose to write to us via info@a-protectwarranty.com.