Every car owner knows that it’s important to keep up with your car’s maintenance and replace fluids and oils at the right time, in order to keep your car performing at an optimum level. This may protect your car, but does it protect the investment you’ve made in your car? Wear and tear are inevitable and it’s important that you purchase the right warranty to ensure you are protected against any unexpected repair costs.
The standard warranty offered by your car manufacturer does not provide adequate protection to keep you safe from exorbitant repair bills. We have written this short article to cover the shortcomings of a standard manufacturer’s warranty and the obvious additional value and benefits you experience with an extended warranty.
STANDARD WARRANTIES
Most car manufacturers offer a standard warranty that provides coverage for 3 years or 36000 miles, whichever comes first. Depending on your car manufacturer, the mileage or timeline may be slightly different, but these are the average coverage marks provided by the industry. It’s interesting to note that surveys and statistics show us that issues pertaining to car critical components pop up after the 5-year or 50000-mile mark. Critical component repairs are the most stressful due to the costs involved and the expertise needed in order to get the car running back to optimum performance.
Without a warranty in place, not only will you have to bear the costs for these repairs, but you’ll also have to find a reliable and skilled mechanic who can do the job at a desirable price point.
EXTENDED WARRANTIES
By contrast, extended warranties provide coverage for almost 5 years or 50000 miles, whichever comes first. Again, depending on the manufacturer, these thresholds can vary, with some manufacturers even going to the 100000-mile and seven-year mark. When you take the above-mentioned statistics into consideration, the extended warranty provides much more protection than the standard warranty.
You can choose to go with your car manufacturer for an extended warranty, or an independent warranty provider. The drawback of an independent warranty provider is the restrictions in place to use specific mechanics (which are also independent operators), leaving you to rely on a name that is not as well known as your car manufacturer.
One of the biggest advantages of going with your car manufacturer is the access you would have to official service centers across the country. You’ll also be enjoying additional benefits if you visit the dealership you purchased the car and extended warranty from.
ADDITIONAL BENEFITS OF EXTENDED WARRANTIES
With an extended warranty you would be saved from having to deal with exorbitant repair costs. Also, depending on the car manufacturer, you may also enjoy additional benefits such as towing and travel coverage for breakdowns, towing services, and even a 24-hour helpline in some cases.
Your car’s resale value also significantly increases as potential buyers would know that your car has only been worked on by authorized company personnel. The level of convenience and ease one would experience with an extended warranty could never be offered by the standard manufacturer’s warranty.
We hope this guide was of some help. For more tips on car maintenance and upkeep, visit chicmoto.
