Does an Extended Warranty Add Value to Your Car?

An extended warranty can be a great way to increase the resale value of your car. Learn more about how it works and how it can benefit you.

Does an Extended Warranty Add Value to Your Car?

An extended warranty can be a great way to boost the resale value of your car. It provides potential buyers with peace of mind when purchasing a used vehicle, and can be a great selling point for the seller. Any money you invest in an extended warranty won't go to waste if you decide to sell your car. Even after the transfer of ownership, comprehensive coverage is maintained. In many cases, sellers can use extended warranty coverage to encourage sales and increase the resale value of the car.

The warranties offered by manufacturers or dealers link you to dealers for repairs, but providers like Endurance allow you to visit your trusted local auto repair shop. Extended warranties can reduce financial stress, especially for those who own unreliable brand models. The typical contract duration for extended warranties can range from one to eight years or 12,000 to 12,000 miles, depending on your choice. If you're looking to buy an extended warranty, make sure you purchase one from a company with a long history, such as through a car manufacturer, and that you understand the small print. Extended warranties are designed to offer coverage outside of what is covered by the manufacturer's warranty.

Vehicle service contracts, often referred to as extended warranties, are a tempting option for consumers buying a used car or for those who want to extend coverage for a new car. Extended warranties often have a lot of restrictions, such as what is covered and where the vehicle can be repaired. Like having extended car warranty coverage for added protection, GiveMethevin offers a safer way to sell your car online. If you want to buy an extended warranty, remember that the price can be negotiated, as is the purchase price of the car. With such an important role in daily life, many car owners pay more for extended warranty coverage to protect their car for years to come.

Regardless of the exact type, extended guarantees are an investment in peace of mind that limits financial risk for a specified period of time. As another requirement of extended warranties, all covered repairs performed on the vehicle (whether in the event of a claim or otherwise) must be performed by an ASE certified mechanic, and not simply by a repair shop.

Célia Peals
Célia Peals

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