An automobile is a huge investment. You want to make sure that you protect your investment at all costs because repairing damage can wreak havoc on your wallet. Most new cars will come with a factory car warranty, while you have the option of purchasing a car extended warranty on older cars. Most warranties that you get on new cars are 5 years and up to 60,000 miles, or 3 years and up to 36,000 miles.
Peace Of Mind
The biggest reason you want to get an Extended Warranty
is that you will have peace of mind on the road. If you are driving down the road, and your engine dies, it is enough trouble for you already. However, if you have to pay to replace the engine as well, it will be an even worse situation.
Knowing that your car is protected by a warranty will keep you from stressing out should the worst happen. If you have kids screaming in the car, you have enough to worry about as it is.
Car Repairs Are Costly
Even a simple brake and rotor job can cost up to 500 dollars or more depending on the condition of your brakes. An engine will cost you up to 3,000 dollars and a transmission will cost around the same amount. Do you have that much money to pay for a repair should it come to that?
If you don’t have the money to pay for a repair, and you don’t have a warranty, your options are limited. You can either try to find money to pay for the bill, or you can have the car scrapped. While just junking the car saves you money now, do you have enough to pay for another car?
Get An Extended Warranty If You Are Making Payments
No matter how old the car is, you should get a car extended warranty if you are making payments of any kind on it. Protect yourself and your investment from anything going wrong. Older cars will be harder to get a policy on, but they are out there if you spend a little time doing your research. The worst thing that can possibly happen to you is to have your car get totaled, not have money to make repairs and still have to make payments on a car you cannot even drive.
Incentive To Do Routine Maintenance
Most cars will run better when routine maintenance is performed on them. Things like rotating the tires, changing the oil and checking the brakes will keep your car in better running order. Most warranties require that you do these types of maintenance in order to keep your warranty valid. It is essentially an incentive to not put off those small jobs that might cost a little money upfront, but will extend the life of your car. It is better to change the oil as opposed to losing the warranty.
Make sure that you keep proper records of all the work that you have had done, just in case you have to show proof. This will also help you out should you ever go to sell the car and a potential buyer wants to see what work has been done to it.
Buying a car is not something to take lightly. If you have no car, are you going to be able to get to work, school or wherever else you need to go? Maintaining your car is so important, but can cost a lot of money if you are forced to pay by yourself. That is why you need to protect your car and protect your financial investment by obtaining a warranty for your car.
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