An extended warranty is a service contract that will take over the moment the manufacturer’s warranty on the vehicle comes to an end.
Even though you might be thinking this policy is just another cost that you can avoid, it offers quite a lot of value for money when weighing the benefits of extended warranty for cars.
So, if you’re wondering whether a Volkswagen extended warranty is worth it, we’ve listed five compelling reasons why you should purchase this service plan.
Contents
Substantial Savings
Most drivers feel an extended warranty is not really worth it because this plan is purchased separately from the vehicle, and it cannot substitute an auto insurance policy at all.
But even so, an extended warranty provides impressive cost-savings benefits. Costs can add up pretty quickly when it comes to car repairs.
Because an extended warranty covers the costs of major repairs and component replacements while also covering the costs of labor, extended warranties offer excellent value for money.
Peace Of Mind
While auto insurance provides much peace of mind for drivers, this insurance policy will help you recover financially from road accidents. An extended warranty can also provide unwavering peace of mind for vehicle owners.
When the manufacturer’s warranty wears off, you won’t need to worry about the extensive costs of major repairs and replacements.
With this, it will be a lot easier to keep your vehicle in excellent condition over the years and uphold its value.
Additional Benefits
Extended warranty plans for vehicles also come with a few added service benefits. These typically include rental car reimbursement, trip protection, roadside assistance, and transferrable plans.
These extra benefits might often be overlooked, although they are beneficial services to have available as a driver.
Flexibility
Extended warranties differ slightly from manufacturer’s warranties. Mainly because extended warranties offer quite a bit more flexibility; for example, your manufacturer’s warranty will insist that your car is only repaired by registered umbrella network garages and specific dealerships, which is not the case with an extended warranty.
Because you will be purchasing an extended warranty from a third-party company, you will have a lot more flexibility when it comes to repairing centers and dealerships for repairs.
Boost The Resale Value
Lastly, purchasing an extended warranty will also boost the resale value of your vehicle. These service plans are transferrable, so you can transfer the plan to the new owner if you decide to sell your car. There is a relatively small transfer fee applies.
Interested buyers will hold more value to your vehicle because it comes with a service plan that will help them afford the costs of repairs and major replacements in the future.
Other ways to uphold resale value include keeping up with maintenance, keeping your car clean, and being a safe driver.
Now that you know how much an extended warranty can benefit you, you might wonder how to choose the best-extended warranty company.
The best approach is selecting your desired cover level and comparing deals. Read through consumer reviews and be sure to get multiple quotes. Lastly, reading the fine print before purchasing a service plan is crucial.
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