There is no denying the fact that every product in this world has supporters and detractors! The same is true for an auto extended warranty as well. There are people who say that the cost for the same is not justified simply because every car comes with original manufacturers warranties to look after repair work.
On the opposite end of the spectrum are people who swear by an extended warranty because it brings:
- Peace of mind.
- The ability to deal with unexpected repair costs without burdening your wallet.
- Extended ownership of a vehicle which is in prime running condition.
So, is it worth it?
If you were to look at an auto warranty as an insurance policy then you will realize instantly that it is completely worth the investment. The hope is that you never have to use it! But if you do, then you are covered because you have chosen to invest wisely in a financial product geared to look after your financial interests. It takes away any possibility of an unexpected drain on your wallet.
An auto warranty is also worth it when you choose the right product for yourself. There are quite a few options out there and interestingly enough, you can ask the dealer for a customized solution as well. This solution will take into account the repair history of your car so you can choose between comprehensive coverage and stated component coverage or even Power Train coverage.
For instance, if your car has seen more number of problems with its transmission, then you may be best served with a Power Train coverage. On the other hand, if you think that your car needs a bumper to bumper coverage, then it would be good to go for a comprehensive or exclusionary plan which leaves out very few components.
The repair facilities
One important aspect of an auto extended warranty is the kind of repair facilities that you can tap into. Some dealers may restrict you by way of the mechanics you can visit. Only certified and networked mechanics may be available for you and your car. Other dealers might give you the freedom of choice.
It would be a good idea for you to find out how the repair bills will be met. Would you have to pay an upfront amount or will the dealer handle all the paperwork and the payments? Regardless, you can rest assured of the fact that you have access to qualified and licensed mechanics who will be honest about their work and their pricing.
Value add ons
With the right auto extended warranty plans, you also get huge support services such as roadside assistance and even trip interruption coverage in a few cases. Towing services and 24×7 roadside assistance can go a long way in helping you, especially if you are traveling out somewhere and do not have anybody to help you out. Simply call your dealer and let the plan manage your needs.
Thus, one can comfortably state that an auto warranty plan is certainly worth it.