Many consumers are leery when it comes to purchasing a vehicle service agreement. Also, is known as an extended service agreement or auto repair warranty. An auto repair warranty is similar to an insurance policy. In that, it’s designed to protect vehicle owners from auto repair costs once the initial new-vehicle warranty has expired.
According to a recent study, nearly 89% of vehicles on the road are in need of some form of maintenance. Additionally, research has also indicated that 19% of vehicles have dirty air filters. Though this may seem negligible, a dirty or clogged air filter affects your vehicle’s performance. It also may lead to more serious issues and repairs down the road.
With engine and transmission repair costs being some of the most expensive, it’s easy to see why many vehicle owners are choosing to purchase an auto repair warranty to cover unexpected auto repair costs.
What are the benefits?
Think of an extended warranty as protection against the cost of unexpected, but much needed auto repair services. These warranties offer peace of mind, in that they ensure repair costs are cover without causing financial strain. Also, the majority of extended warranties can transfer to future owners of the vehicle. This, in turn, may increase the value of the vehicle. Also, it’s common for extend warranties to offer additional auto services such as lost key/lockout services, towing, roadside assistance and care rental discounts.
What don’t they cover?
Extended repair warranties are not nearly as comprehensive as warranties that that come with the purchase of a new vehicle. However, they do cover most major vehicle components. Typically, extended warranties have exclusions for items such as light bulbs, headlights, and windshields. Wear items, or parts that deteriorate over time due to normal use, are nearly always exclude, and may include shocks, brakes, and tires.
So does my vehicle really need an extended warranty?
Auto repair warranties are ideal for someone on a fixed budget, such as a recent graduate or retiree, who may not be able to afford costly repairs. Depending on the nature of the repair, auto repair prices can easily go into the thousands. A warranty may also be beneficial if you intende to keep your vehicle for longer than the length of the original manufacturer’s warranty that came with the purchase of the vehicle. It’s important to research the reliability and repair costs of the vehicle you intend to purchase, as well as shop around for the best warranty for your needs.
While shopping for auto repair warranties, you may find variations in cost and what is covered. It’s best to choose one that is in line with your budget. Also, one that allows it to be transfer to any potential future vehicle owners. Peace of mind is priceless, and there’s always room for priceless in anyone’s budget.
Lastly, we are Carolina Auto Service. Call Us Today To Schedule Your Next Auto Repair Service.