Are Extended Warranties Worth It?

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Whether you’re shopping for a new Toyota RAV4 or Corolla in Morgantown, you’ll need to decide if you should buy an extended warranty. This available coverage can provide extra peace of mind for the long road ahead, but are extended warranties worth it? University Toyota is here to break down what are extended warranties, what they cover, and whether it’s a smart investment for you.

 

What is an Extended Warranty?

Extended warranties provide coverage after your factory warranty has expired. Buying a new Toyota includes three years or 36,000 miles of built-in protection, but once that milestone has been met, an extended warranty can kick in, providing a backup safety net should the unexpected occur in Fairmont. Depending on which options you choose, extended warranties can include roadside assistance, powertrain repairs, and many other major systems maintenance and service 

Extended Warranties for New & Used Vehicles

Kingwood drivers can purchase extended warranties for both new and used vehicles, though there are different considerations for each: 

New Vehicles

Buying an extended warranty for a new vehicle is a smart investment if you are planning on driving this car for 10 or more years. Thanks to continuing advancements in automotive engineering, most new vehicles are built to last for upwards of 200,000 miles, with major repairs needed much later in the car’s life. If you don’t see yourself driving this vehicle beyond the next decade, an extended warranty is probably not worth it.

Used Vehicles

Extended warranties for used vehicles depend on the reliability of the make and model, so be sure to have the car inspected before purchasing. Depending on what you learn about the car’s history, you may opt for more protection, especially if you’ll be driving this vehicle in Deep Creek, MD for the foreseeable future. 

Should I Buy Extended Warranties? 

Are extended warranties worth it? It depends on your preferences. Ask yourself the following to see if any of these benefits appeal to you: 

  • Paying ahead on major repairs: Rather than breaking the bank should an unexpected repair pop up, you’ll rest assured that your vehicle is covered. 
  • Added peace of mind: As your car ages, your extended warranty can protect you when it’s time for major repairs. 
  • Staying on a budget: Unpredictable maintenance can add a major blow to your monthly finances, so staying ahead of what’s to come can prevent budget issues in the future. 

Explore Your Extended Warranty Options at University Toyota

If you’re still not sure whether or not to buy an extended warranty, make an appointment with the finance department at University Toyota, where our knowledgeable staff can guide you towards the best option for your needs and budget. Contact us to get started! 

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