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When you are financing your brand-new or new-to-you vehicle, you can choose to add additional coverage that lasts even after your factory warranty ends. Coverage varies depending on the plan that you choose, but you can enjoy more confidence on the roads of Olympia with amenities like towing or roadside assistance. When your powertrain warranty ends and a major issue with your vehicle comes up, an extended warranty can ensure you aren’t hit with significant out-of-pocket expenses.
Did you know that you can opt for an extended warranty on both a new or used car? The details of the warranty will vary based on whether you drive a brand-new or pre-owned model. Here are a few things to keep in mind before you decide whether this additional coverage is right for you.
Do you plan to keep your new car for ten years or more? If so, it is recommended that you opt for extended warranty coverage. Before you make a final decision, see what is covered by your new vehicle warranty as well as how long it lasts.
If you are considering extended warranty coverage for a used car, whether it is a cost-effective decision really depends on how reliable your pre-owned vehicle is. That is why it is a good idea to have your vehicle inspected by a professional. From there, you can decide whether or not you would like to opt in for an extended warranty. Remember to also consider how long you would like to keep your used car before choosing something new.
Again, the decision comes down to many factors, like your lifestyle and financial situation. If you are worried about expensive repair costs once your vehicle is no longer covered by warranty, an extended warranty can eliminate that fear.