Are Extended Warranties Worth It?

Hands surrounding tiny car

 

When you buy a new or used car in Stephenville, you might be wondering, “Should I buy an extended warranty?”. It’s a topic that’s going to come up during the car-buying process. Are extended warranties worth it, with the extra cost? That depends on your budget and how you drive, especially if you plan to keep your vehicle for more than ten years in Brownwood. Find out more about extended warranties and if they’re worth it with the finance team at Bayer Auto Group. 

Should I Buy an Extended Warranty? 

An extended warranty is additional coverage you can choose to buy for your vehicle that provides more coverage than the warranty the vehicle came with. Extended warranties usually provide coverage after your factory warranty has expired. Consider an extended warranty as a safety net in case an expensive repair needs to be made. The extended warranty will help pay for repair costs. 

What Else do Extended Warranties Cover?

An extended warranty’s coverage will depend on the manufacturer, the dealer, the source of the warranty, and whether you’re getting a new or used car. In addition to repair coverage, an extended warranty can also cover towing and roadside assistance.

Extended Warranties for New & Used Vehicles

Whether you buy a new or used vehicle, you have the option of purchasing an extended warranty. The primary factor you want to consider with either a new or used vehicle extended warranty is how long you plan to keep the vehicle. The longer you plan to keep the vehicle, the better an investment in an extended warranty will be. 

Do I Need an Extended Warranty? 

If you’re worried about what repair costs can potentially do to your savings and budget as your vehicle ages, you should consider buying an extended warranty plan. Or, if you like the security of knowing that you’re covered in case of a repair, an extended warranty can give you peace of mind. Take a look at the warranties and extended warranties offered on different vehicle brands, and include that in how you decide which car to choose from the selection at Bayer Auto Group. 

Discuss All of Your Financing Options at Bayer Auto Group

If you’d like more information about if extended warranties are worth it, how much they cost, and what each brand we carry at Bayer Auto Group offers in their warranty coverage, contact us. We’d love to help you get the information about extended warranties that you need to be confident in your choice.

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