Are Extended Warranties Worth It?

Your vehicle is a major investment, so it is likely that you want to protect that investment for as long as possible. If this is the case, you may be asking yourself, “Should I buy extended warranties?” Are extended warranties worth it? For many South Sioux City drivers, the answer to this question is yes! We explore the benefits of extended warranties below.

What is an Extended Warranty?

Your new car comes with a factory warranty against defects, but once that warranty period expires, you are on the hook for any repair costs that come up. An extended warranty is an additional plan you can choose that will go into effect when your initial vehicle warranty is no longer valid. It is like an additional safety net that helps to cover the costs of needed repairs that fall outside of the new vehicle warranty period.

The Benefits of Extended Warranties

What does an extended warranty include? This depends on the manufacturer and the dealership. In addition to covering various vehicle components, extended warranties often include the following:

• Towing
• Roadside assistance
• And more

Extended Warranties: New vs. Used

New Vehicles

Thinking about an extended warranty for your new vehicle? Consider this:

• Are you planning to drive your new car for 10 years or more? If not, you may not need an extended warranty depending on the initial coverage offered.
• If you do plan to drive your vehicle for 10+ years, it is a good idea to opt for an extended warranty.
• Familiarize yourself with the insurance coverage that comes with your new vehicle.

Used Vehicles

Are extended warranties worth it for used cars? For many North Sioux City and Dakota Dunes drivers, an extended warranty is a worthwhile investment.

• Have the vehicle inspected before buying to see what repairs and maintenance may be needed in the near future. This can help you determine whether you want to opt for an extended warranty.
• Consider how long you plan to drive the vehicle. Are you planning to own it long-term, or is it just a short-term solution?

Explore Your Financing Options with the Knoepfler Chevrolet Co. Team

At Knoepfler Chevrolet Co., we are here to help you find a vehicle that checks all of the boxes on your wishlist for a price that fits well within your budget. If you have questions about extended warranties or your financing options, do not hesitate to reach out to us for more information. We’d be delighted to assist you.