Reader’s Question:

Why should I get a car extended warranty plan when my car manufacturer already provides a factory warranty on my vehicle?

Jonas

Houston, TX

Good question. This is best answered by knowing how long you plan to keep your vehicle. If it’s at least for the next five years (or at least beyond your car’s factory warranty period) then you should seriously consider obtaining an extended car warranty. Listed below are some advantages of owning a car extended warranty service:

1. Minimize Maintenance Costs – Maintenance costs exert a heavy toll on your pocket. If your car breaks down after the manufacturers factory warranty period, expect to pay thousands on repairs if you don’t have extended warranty. A good extended warranty plan can save you from all that trouble and save you a lot of money in the long run.

2. Get Covered for Costs if Your Car Breaks Down – One of the best reasons to get an extended warranty plan is to cover for mechanical breakdown and wear & tear. The plan can also cover for most parts of your car including high-end devices such as DVD players, Bluetooth devices and state-of-the-art stereo systems.

3. Provides a Wide Variety of Additional Coverage - If your car breaks down, an extended warranty can reimburse your car rental expense, travel costs, and towing services.

4. Transferrable Ownership - the extended warranty plan can also be transferred should you decide to sell your car. This can help you sell the car much easier and faster to potential buyers.

The coverage provided by an extended car warranty is usually more comprehensive compared to regular car insurance. This gives you the peace of mind knowing that you won’t have to spend thousands of dollars in the event your car needs repairs.