Are Extended Warranties Worth It?

No matter whether you’re shopping for a new model or a reliable used vehicle from our inventory, the option to buy an extended warranty is likely to come up. But what are extended warranties and are they worth the extra cost? Learn more about extended warranties, how they work, and what they cover with the help of the financial experts at Texan GMC Buick.

What is an Extended Warranty?

An extended warranty is an optional plan that you can purchase when financing your new or used vehicle that provides additional maintenance coverage once your factory warranty has expired. Each plan will vary, however, most times, you can tack on extras such as towing or roadside assistance. In the end, an extended warranty will help cover the cost to have that repaired after your manufacturer warranty ends.

Extended Warranties for New & Used Vehicles

Many drivers aren’t aware that extended warranties are applicable to both new and used vehicles, though they work differently depending on the condition of your vehicle. No matter whether you’re looking to add on an extended warranty for your new or used model, here are tips you’ll want to consider:

• New Vehicles – When it comes to new vehicles and extended warranties, you should consider how long you plan on keeping the vehicle. If you are thinking about swapping vehicles in under 10 years, then an extended warranty may not be right for you, since many modern vehicles are highly reliable. If you do plan on keeping the vehicle for 10+ years, then an extended warranty is certainly recommended.
• Used Vehicles – With used vehicles, it all comes down to the reliability of the vehicle. Be sure to have the vehicle inspected and possible issues estimated. From there, you can decide whether or not you would like to opt in for an extended warranty. Similar to new vehicles, also consider how long you plan on having that used vehicle for before you decide.

Do I Need an Extended Warranty?

The answer to this question depends on a number of factors including your lifestyle and financial situation. If you’re worried about breaking your budget should a major repair come up, an extended warranty is the right option. As stated before, extended warranties are an extra precaution set in place should an unpredictable maintenance problem arise, and lets you have peace-of-mind while on the road. If you’re someone who’d like a bit of an extra safety net, the extended warranty is worth it.

Discuss All of Your Financing Options at Texan GMC Buick

No matter if you’re ready to apply for financing today on a pre-owned model or you’re simply looking to opt for an extended warranty for your current model, contact us! Our team can help you get the coverage you need and more.