Reasons Why It Is Smart To Buy An Auto Extended

What is an auto extended warranty and how can it benefit you?

An auto extended warranty, also known as a "gap" or "extended service contract," is a coverage period beyond the standard manufacturer's warranty. It provides financial protection in case your vehicle needs repairs or replacement parts that are not covered by the standard warranty.

Save money on repairs

Buying an auto extended warranty can help you save money on unexpected repair costs. According to Phils' Tips and Hacks, "You can spend up to $1,000 per year for minor maintenance issues that are covered by the standard warranty." With an auto extended warranty, you can cover these expenses without incurring the higher cost of repairs.

Potentially increase the value of your vehicle

Buying an auto extended warranty can also potentially increase the value of your vehicle. A study by Kelley Blue Book found that vehicles with extended warranties are more likely to be purchased at a later date, suggesting that owners may be more willing to pay for protection against potential future repairs.

Other benefits

Some other benefits of buying an auto extended warranty include:

• Protection against unexpected repair costs beyond the standard warranty
• Increased peace of mind with comprehensive coverage
• Deductible-free repairs and replacements
• Extended vehicle lifecycle (up to 5 years or 60,000 miles)