With the average cost of a new car, now over $25,600, it’s essential that you take every precaution to protect your investment. One way to do this is by purchasing an extended warranty. An extended warranty is often seen as “health insurance for the engine,” where you pay money up front to avoid spending a considerable amount of money later on if you need repairs. According to AAA, the average repair bill for a vehicle is between $500 and $600, which can be difficult if you are still paying on a loan. That’s why you should consider purchasing an extended warranty for your car. Here are five more ways an extended warranty can help protect your investment.
Repairs are Guaranteed
When it comes to your car, the better you care for it, the longer it will last. While you may be diligent about taking your car in for the recommended maintenance and routine tune-ups that your car will need, there is still the possibility of an unexpected car repair. Due to the mechanical nature of vehicles, there is no way of knowing when repairs will be needed, or how much they will cost. An extended warranty will ensure that you can take care of any repairs quickly and easily with little to no money.
Receive More Comprehensive Coverage
While most car dealers will offer you a new or used car warranty when you purchase a vehicle from them, what they offer is typically limited in what it covers. Most warranties only cover your vehicle for three years or 36,000 miles, according to the experts at USAA, while many dealer warranties will just cover the first $2-3,000 in repairs. While you may think this is adequate coverage, if you happen to need several things repaired at once, this can quickly get used.
Peace of Mind
With a selection of Nissan extended warranties, you can gain greater peace of mind. With most forms of insurance, you hope you won’t ever need the coverage, but when the unexpected happens, you’ll be glad you have the extra protection. Most consumers aren’t equipped to deal with a massive car repair bill, making purchasing an extended warranty a great decision.
Savings
Purchasing an extended warranty for your car is like financing future repairs at below cost. Also, depending on the coverage you choose, you may not have to deal with any out of pocket expenses. With an extended warranty, the cost of any repairs that you may have will cost you no more than the premium you pay every month for the warranty.
Increase Resale Value
Having an extended warranty on your vehicle can increase its resale value. When it comes time to sell your vehicle, offering the extended warranty as part of the car’s package is a terrific selling point. Not only will it provide the same protection that you receive, but it also tells any potential buyers that the car was maintained since most problems were covered under warranty.
Purchasing a car is a considerable investment. An extended warranty will provide you with the added protection to keep your car running.
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