There is a lot of debate regarding extended car warranties – some think it is necessary, while others feel it is a waste of money. However, you never know when an auto repair expense crops up. New car warranties cover major car repair expenses, but after the warranty expires, you are left responsible for major car repair expenses. This is where an extended auto warranty comes in – it prolongs protection against key expenditures for a longer period of time. Chrysler Of Culpeper’s list of why an extended warranty is a good idea.
Take a look at why having an extended auto warranty is a good idea:
Unexpected Repair Costs
As mentioned above, car components could require attention at any given time. For instance, engine and transmission repairs can often run into thousands of dollars. While manufacturers strive to make their vehicles more reliable, the potential for an unexpected and costly repair always exists. An extended auto warranty can easily pay for itself after just one major repair.
Better Comprehensive Coverage
While it is true that most dealers offer a used or new car warranty when you purchase a car from them, the used or new car warranty they offer is typically very limited. This means that the majority of repairs you will need are either only covered to a certain amount or not covered at all.
Some car owners simply like the savings an extended auto warranty offers; it is like financing potential repairs at below cost. Additionally, depending on the coverage you choose, there may not be any out of pocket expense to you. Therefore, the cost of your repairs is merely the monthly premium you pay for your warranty. In most cases this is much more reasonable than the charge would be without a new or used car warranty.
Higher Resale Value
An extended car warranty is a good idea because it increases your resale value. When you first buy your car, it is hard to imagine ever selling it off or trading it in for a new one. However, as time goes on, you may decide you want to upgrade to a newer model. When and if the time comes, offering an extended warranty as part of the car’s package is a great selling point. Not only does it provide the same protection that was so attractive to you, but it also tells the potential buyer that the car was most likely well maintained, since most issues were covered. If the potential buyer is undecided, the presence of a warranty may just seal the deal.
Get an extended warranty ASAP and give your car the best possible protection against repairs and damages.
Are you or anyone in your family looking for a new, or used car head on over to Chrysler Of Culpeper. Not only do they have a great selection of vehicles they will make sure they help you in every way they can.