There’s a running joke in the automotive industry that the day after the warranty expires, your car will spill its guts all over the road. An extended auto warranty could save you thousands of dollars in painful repair bills if disaster strikes!
Some customers even opt to buy a new car when the sands of time run out on their warranty, rather than risk an expensive repair as the creaking drivetrain enters middle age. An extended auto warranty can give you peace of mind and it might even encourage you to keep your car another year, or even five.
WHAT IS A MANUFACTURER WARRANTY?
Most new cars and a lot of used automobiles come with a manufacturer warranty in the modern age.
Three years and 36,000 miles is the typical limit for an unlimited bumper-to-bumper warranty. That’s designed to cover design and production problems, but in practice, it generally covers all but the consumables, crash damage, and mechanical damage caused by sheer neglect or legitimate wear and tear. Inevitably, wear and tear is a broad term that can cause issues, which is just another reason to buy a better warranty.
Powertrain warranties often extend to five years. Ferrari, meanwhile, covers the maintenance on its new cars for a full 12 years, or 15 years with an additional charge. The Italian manufacturer certainly works that charge into the eye-watering sticker price, but it’s still an eye-catching feature for a supercar.
Others offer extended powertrain warranties; it’s worth factoring this in when you choose a new car. It can make a serious difference to the total cost of ownership, which is something most of us simply don’t calculate when we’re looking at the running costs.
Repair costs can prove crippling, especially with older luxury cars. If the check engine light comes on, it’s good to know that somebody else will cover the bill. No matter how good the manufacturer warranty is, it has to run out some day, and not all of them cover every issue.
HOW IS AN EXTENDED AUTO WARRANTY DIFFERENT?
An extended warranty comes from a third-party. You can choose from a wide range of car warranty packages that are suitable for newer cars with fewer miles to 10-year-old machines with 140,000 miles on the odometer.
You can boost your existing warranty with a supplementary policy, but most extended warranties kick in just before the manufacturer cover runs out.
Does My New Car Also Need an Extended Warranty?
Not every new car comes with a complete warranty that covers you for every eventuality. Servicing and certain repairs can be excluded and you don’t want to find out when you collect your car from the shop.Some dealers will even use a comprehensive car warranty as an upsell, which can be a painful hidden cost that significantly adds to the sticker price.
An extended warranty for your car simply isn’t like the additional cover you tend to get offered for a budget toaster. It works; it can save you thousands of dollars and give you total peace of mind.
So, don’t become the butt of that painful age-old car dealers’ joke. Don’t watch your savings drain away with the oil pouring from your engine bay. Get your extended auto warranty right here, right now!