Are Extended Warranties Worth It?

Dealership Finance Professional signing documents
 

When you are on the hunt for a new Chevy Equinox or Silverado 1500 near Buffalo, you may want to know more about your warranty coverage. While the Chevrolet warranty can help you drive with complete peace of mind around Cheektowaga, you may be interested in an extended vehicle warranty if you plan to drive your new vehicle for many years to come. A common question we hear at Joe Basil Chevrolet is, “Should I buy extended warranties?” Are extended warranties worth it? Joe Basil Chevrolet discusses why you may want to consider an extended vehicle warranty on your next ride. 

The Perks of an Extended Vehicle Warranty

In the event that your vehicle needs extensive repairs in the future, you may want to be protected against out-of-pocket expenses. If this is the case, we highly recommend considering an extended vehicle warranty. An extended warranty is an additional plan you can select when financing your vehicle that provides added coverage once your factory warranty coverage comes to an end. This “safety net” can be beneficial for many Lancaster drivers like you. Learn more about what this added coverage takes care of below. 

What is Covered by an Extended Vehicle Warranty? 

Extended warranty coverage varies based on the automaker and the dealership. Extended warranty coverage often includes:

  • Towing
  • Roadside assistance
  • And more

Additional Coverage for New & Used Vehicles

You can opt for an extended vehicle warranty on both brand new models and pre-owned ones. Depending on your needs, there are a few factors to consider. 

New Vehicles

  • Vehicles are lasting longer than ever. If you are planning on driving your vehicle for 10+ years, an extended warranty could be a great investment. If you plan on upgrading your vehicle sooner, an extended warranty may not be necessary. 
  • Be sure to consider what insurance coverage is included with your new vehicle purchase. 

Used Vehicles

  • Have the vehicle inspected. If it seems like costly repairs may be necessary in the not-too-distant future, an extended warranty can definitely be worth the money. 
  • Decide how long you plan on keeping the vehicle. If it’s an older vehicle or has extensive mileage on the odometer and you want to keep driving it for many years to come, an extended warranty is recommended. 

Should I Buy Extended Warranties? 

If you are worried about an unexpected car repair breaking your budget, an extended vehicle warranty can help put your mind at ease. This coverage can help take care of a hefty repair bill that you would normally have to pay for out-of-pocket. 

Learn More with Joe Basil Chevrolet

If you have questions about your extended vehicle warranty options, do not hesitate to contact the finance department at Joe Basil Chevrolet. We would be happy to further discuss available warranty coverage options. 

 

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