So, you found an awesome deal on a used car. The price was right, and the seller told you it’s in great condition with no problems. Do you buy an extended warranty? Is it worth it? Let’s find out.
An extended warranty is exactly what it sounds like — a contract that extends the manufacturer’s warranty by one or more years beyond the original warranty period. It covers parts and labor associated with repairing your vehicle during that time period. Some extended warranties also cover certain items like tires and batteries that the original manufacturer’s warranty doesn’t cover.
When you buy an extended warranty for your car, you are paying for coverage beyond the manufacturer’s original warranty. This means that if something goes wrong with your car, the extended warranty company will cover your repair costs instead of the manufacturer. This can be very helpful if you have an expensive part breakdown and don’t want to pay for a new one out of pocket. It can also save you money in the long run if something breaks down more than once during the lifespan of your vehicle.
Extended warranties typically cover major vehicle components like the engine, transmission, and sometimes high-tech electronic systems. However, they don’t cover regular maintenance such as oil changes, tire rotations, and brake pad replacements. Damage from accidents and regular wear and tear are also typically excluded from coverage.
In Canada, extended warranties can be categorized into two primary types:
Buying an extended car warranty is a big decision, but it’s not the right choice for everyone. Before deciding if it’s right for you, here are some things to consider.
An extended warranty is a good idea when you buy a used car because used cars can have unseen problems. Consider this warranty if:
Used cars are not perfect and can break down at any time. But with an extended warranty, you can rest easy knowing that the dealership will cover your car if something goes wrong. This can save you money in the long run and make your life easier.
Our dealership has been Serving Calgary Alberta since 2013.
We specialize in used cars and always try to get the best deals for our customers.
Award-winning, family owned car dealership of pre-owned vehicles with several locations across the city. Lowest prices and the best customer service guaranteed.
Feel free to contact us and test drive one of our cars today. We value your business. Referrals are welcome and remember we pay cash for referrals.