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Are you shopping for a new or used Chevrolet near Lakeland? Then you may be wondering, “Should I buy extended warranties?” It depends on how long you plan to keep your vehicle. Extended warranties take effect when the warranty from your vehicle’s manufacturer runs out. If you plan to keep your vehicle for more than ten years, or you foresee issues arising down the road, then our finance officers would recommend that you consider getting an extended warranty. Extended warranties are worth it as a safety net for certain drivers, so consider how long you want to keep your vehicle and then decide which option is best for you.
“Are extended warranties worth it?” First, you should understand what an extended warranty is. An extended warranty is an additional plan that you can opt into at the time of financing. Extended warranties are a good idea when you plan to keep your new vehicle for a long time. It takes effect after your factory warranty has expired. So if you have an issue with your powertrain down the road, you won’t have to worry about unforeseen maintenance expenses. You can also add on towing and roadside assistance in case your car breaks down on the road to Tampa
Extended warranties can be used for both new and used vehicles. However, they work differently if your vehicle is new or used. Before you decide on opting for an extended warranty, check how long your factory warranty lasts, then consider the information below to make your final decision:
If you’re considering getting an extended warranty on your new vehicle, you should first ask yourself how long you want to keep the vehicle. If you typically trade your car within ten years, then getting an extended warranty is not advisable as many factory warranties will not expire within that time, and modern vehicles are highly reliable. However, if you plan on keeping your new vehicle for more than ten years, then we advise that you consider adding an extended warranty to your plan.
Answering “are extended warranties worth it,” can get tricky with used vehicles. If you’re considering an extended warranty for a used vehicle you should be careful to inspect the vehicle thoroughly for mechanical issues And consult a technician for an estimate of how many years they think the vehicle will last.
Buying a used vehicle doesn’t mean that you won’t be able to have it for ten years, but it depends on the quality of the vehicle at the time of purchase. If the vehicle will last more than ten years and you want to keep it for that amount of time, then opting for an extended warranty is an option you should consider. However, if there are signs that the vehicle may not last, and you plan only to use it for a few years, then skip the extended warranty.
“Should I buy extended warranties,” is a question that can be answered differently depending on your circumstance and preferences. Our finance department is here to help you get the best deal on a new or used vehicle from Stingray Chevrolet. You can contact our finance team with any questions you may have, or browse our car buying tips for industry-approved advice on getting the best deal on your Chevrolet.
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