The road to purchasing an auto warranty will never be a straight shot for any vehicle owner. Auto warranties are a never-ending road of information and opinions that make it hard for anyone to decipher between fact and fiction. If you find yourself on this never-ending road, don’t worry! Auto Warranty Providers of America is here to guide you towards the best protection for your vehicle.
Let’s talk numbers…
Many Americans are choosing to keep their cars for longer or drive them until the wheels fall off. Great! But what if your wheels literally fall off? Or what if that transmission finally calls it quits? Are you prepared to cover the cost of repairs plus labor?
Engine problems can cost upwards of $8,000, with labor costs ranging from $47 to $215 per hour. Without coverage, you could be stuck in the worst-case scenario; paying out of pocket for all of the repairs, labor, and rental car fees.
Benefits for New Vehicles
New vehicle owners purchase auto warranties when they plan to put a lot of miles on the car in a short period or want to utilize the added benefits that don’t come with a factory warranty, like roadside assistance. Factory warranties are great, but they don’t cover everything that could go wrong. Plus, they only cover you for a certain amount of years or miles.
For example, the basic warranty for Chevrolet is three years or 36,000 miles. BMW covers you for four years or 50,000 miles. Most people who buy new cars plan to keep them for a while and find comfort in knowing their car will remain protected long after the new car warranty expires.
Benefits for Used Vehicles
We can guarantee two things about used cars:
- The factory warranty has expired
- Mechanical repairs will become more frequent as the car ages.
Some of those repairs won’t be very costly, like a new alternator or a new taillight. Other repairs could cost thousands, especially without coverage.
Before you buy a used car, make sure you get a pre-purchase inspection by an independent mechanic. You’ll know whether or not you need an auto warranty depending on the mechanic’s list of potential future issues. If you drive a used car without an auto warranty, you are taking a huge risk! Like anything on this earth, cars will age, and aging isn’t always so pretty. It’s smart to be prepared for the worst-case scenario. Make sure to keep up with routine maintenance and purchase coverage for the type of maintenance you can’t afford. Say you decide your car isn’t aging well and you want to sell it for something new, chances are your auto warranty can be transferred to the new owner. Auto warranties can significantly increase the value of your car if you choose to sell it.
Auto warranty prices are not one size fits all. Warranty costs are dependent on the individual customer and their vehicle. Factors that determine the price include:
- Type and Age of Car
- Driving history
- Coverage scope
- Length of the Warranty
Because of all these factors, you have plenty of room to personalize a plan that fits your budget! We highly suggest you do your research, compare prices and plans, and take your time finding the right plan for you.
Almost all auto warranty plans come valuable services like roadside assistance and rental cars at no additional cost to you. After a tough day, you’ll be thankful for the additional services and savings that come with your auto warranty.
Only you can decide if an auto warranty is right for you. We suggest fine-tuning your research. Start by finding out how much maintenance your vehicle requires, on average. What’s the history of your car? Then consider whether or not you need the peace of mind that comes with being fully covered. If you discover more pros than cons, an auto warranty is the best decision for you.
The Drive: https://www.thedrive.com/car-warranty/28686/extended-car-warranty-cost