Are Extended Warranties Worth It?

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Whether you are shopping for a new, used, or certified pre-owned vehicle in the Nashville area, you may have the opportunity to purchase an extended warranty. But, are extended warranties worth it? While extended warranties can be an excellent option for drivers who intend to keep their vehicles for many years to come, what if they’re not as beneficial as they may seem? Are extended warranties always worth the extra cost? Learn more about extended warranties, how they work, and what they cover with the help of the finance experts at Music City Autoplex.

What is an Extended Warranty?

An extended warranty is an optional purchase that provides additional maintenance coverage once your factory warranty has expired. For example, if your powertrain warranty has ended and major repair crops up, an extended warranty acts as a safety net to lower your out-of-pocket costs. Each plan varies but, if applicable, you can also tack on extras such as towing or roadside assistance.

Extended Warranties for New & Used Vehicles

Extended warranties are available when purchasing both new and used vehicles, but they work differently depending on the condition of the car. Whether you’re looking to purchase an extended warranty on a new or used car, here are some things for Hendersonville drivers to consider:

New Vehicles

When it comes to new vehicles and extended warranties, you should consider how long you plan on keeping the vehicle. If you are thinking about swapping vehicles in under ten years, then an extended warranty may not be right for you. If you plan on keeping the vehicle for 10+ years, then an extended warranty is recommended to protect you from hefty repair costs in the future. It is also a good idea to determine what the extended warranty covers on the new vehicle you’re interested in.

Used Vehicles

Many drivers often wonder, “is it worth it to get an extended warranty on a used car?” Ultimately, it depends on the reliability of the vehicle. It’s important to have the vehicle inspected and potential issues estimated beforehand so you can decide whether or not it’s worth it to opt for an extended warranty. Similar to new vehicles, you should also consider how long you plan on having that used vehicle before you decide.

Do I Need an Extended Warranty?

Extended warranties are perfect for Clarksville drivers worried about unforeseen and expensive repairs popping up after their factory warranty expires. While there are no hard and fast rules for who should buy extended warranties, they can help provide peace-of-mind no matter what vehicle you purchase or how long you plan to keep it.

Discuss All of Your Financing Options at Music City Autoplex

If you’re asking yourself, “are extended warranties worth it?” and “is it worth it getting an extended warranty on a used car?” contact our finance experts in Madison today. If you would like to calculate your monthly car payments before making a decision, please use our online payment calculator or visit our dealership for assistance. We look forward to serving all of your automotive needs.

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