Are Extended Warranties Worth It?

Whether you’re shopping for the latest Altima or you’re on the hunt for a dependable used car, the option to add an extended warranty is likely to come up. But, are extended warranties worth it? For many drivers, the answer is yes! So you may be asking yourself, “Should I buy extended warranties?” That will depend on the car you buy, your lifestyle, and your budget. Luckily, the finance team here at Suntrup Nissan can help you discern if an extended warranty is right for you. Read on below to learn more about extended warranties with us!

What is an Extended Warranty?

If you’re asking questions like, “Are extended warranties worth it?” or “Should I buy extended warranties?” it’s best to establish the basics of what an extended warranty covers. An extended warranty is an additional plan that you can select when financing your new or used car. This plan offers coverage once your factory warranty has run its course. An easy way to think about how an extended warranty works is to think of it as a safety net; in the event your powertrain warranty has expired, and a major repair is needed, your extended warranty will help cover the costs!

What Else do Extended Warranties Cover?

Extended warranties can vary between manufacturers and dealers, and whether you are getting coverage for your new or used car. Generally, however, extended warranties offer coverage that includes:

• Towing
• Roadside assistance
• And more

Extended Warranties for New & Used Vehicles

While extended warranties can cover both new and used vehicles, they work differently depending on the condition of the car. Regardless of what type of car you’re looking to buy, here are some tips to keep in mind:

New Vehicles

• Do you plan to drive your vehicle for a long period of time, say 10 or more years? If so, then an extended warranty is ideal.
• If you plan to swap your vehicle in less than 10 years, you can probably skip an extended warranty. Modern vehicles are quite dependable, so you should be able to drive without the worry of major uncovered repairs.
• Be sure to check your insurance coverage before you add any additional plans!

Used Vehicles

• Have your prospective vehicle inspected.
• Ask for an estimate of the cost to repair any issues of note from your inspection.
• Determine how long you intend to keep your vehicle.

Should I Buy Extended Warranties?

If you’re still not sure about purchasing an extended warranty, think about the way you like to budget. Do you prefer to pay a little each month for coverage, or would you rather take on the full cost of repairs if they come up? Either way is fine, but extended warranties are great for those who want extra peace of mind, knowing that an unexpected repair won’t hurt their bottom line. With an extended warranty, you can confidently take on your commute from St Louis to Jefferson County for years to come!

Rely On Suntrup Nissan for Financial Guidance

Whether you’re looking to buy, sell, or you simply need automotive guidance, Suntrup Nissan is here for you! Our team has you covered and is proud to offer complete car care to the St Charles community. Contact us today if you have any lingering questions about your auto insurance!