Mazda: Should I Buy an Extended Warranty

When buying a vehicle, one of the things that a car dealership will often propose to you is an extended warranty. With an extended warranty, you will be able to receive a number of benefits. These benefits include getting specific maintenance needs met, covering costly repairs, covering technology costs and also having it arranged by the dealership. However, an extended warranty can also have drawbacks as well. These warranties are quite expensive, don’t cover all repair costs, provide limited access to repair providers and the warranty may never be necessary to use. By evaluating these factors, you will be able to determine if you will benefit from extended warranties.

CAN FIT SPECIFIC NEEDS

With extended warranties, you can get coverage for a wide variety of things. Instead of just being limited to repair and maintenance costs during a specific period of time, extended warranties can allow you to get an extension to the powertrain warranty and also get roadside assistance 24 hours per day. As a result, extended warranties are ideal if you are looking to get additional coverage for other vehicle related costs during your time of ownership.

COVER COSTLY REPAIRS

Another benefit of extended warranties is that they provide coverage for costly repairs. With such a warranty, you will be able to get compensation for things such as broken auto glass, windshield replacement, and parts replacement. This type of warranty will allow you to get major repairs covered even when the original warranty expires. Therefore, extended warranties are a good option to go with if you are looking to have high cost repairs covered at all times.

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COVER TECHNOLOGY COSTS

Extended warranties are also able to cover the cost of technology. These warranties will provide you with funds to pay for the installation of updated technology as well as any repairs associated with them. The extended warranties can also provide funds to cover the cost of the new technology purchases as well. As a result, using extended warranties is an ideal option to get when looking to have coverage for current and future technology costs.

DEALERS PROCESS PAPERWORK

Whenever you are looking to get extended warranties, you will not have to worry about getting it all by yourself. In most cases, the dealership will get this for you. All you will need to do is fill out some papers, sign them and the dealership will then process it. Within a matter of minutes, you will have the extended coverage for your vehicle. With the dealership processing the paperwork, you will be able to get extended warranties hassle free.

EXPENSIVE

Extended warranties can be beneficial for many auto consumers. However like most things, there are some reasons why you may wan to avoid getting extended warranties. The first reason whey this may not be an ideal option for you is because it is expensive. Extended warranties can cost up to an additional $50 per month. Since it is unlikely that you will ever need such a warranty, they will usually end up being additional unnecessary costs for your vehicle. If you are looking to save money, it will be a good idea to refrain from using extended warranties.

DON’T COVER ALL REPAIR COSTS

While extended warranties cover most repair costs, they don’t cover all of them. As a result, if you are in need of a certain repair and the warranty doesn’t provide coverage, then you must pay for it out of pocket. Whenever you are looking to get this type of warranty, make sure that you get all of the coverage that you can possibly need. You will also want to be mindful of what it doesn’t cover so that you are better prepared financially for any costly repairs.

LIMITED ACCESS TO REPAIR PROVIDERS

Another reason to think twice about extended warranties is because there is limited access to repair providers. These extended warranties will only provide coverage with certain repair shops. As a result, you may have to go to a repair shop that you are unfamiliar with or one that is far away from your home. This can make getting repairs very inconvenient for you.

MAY NEVER USE WARRANTY

The main reason why you may not want to get extended warranties is because there is a very good chance that you will never need it. In most cases, the original warranty given to you when you get a car will usually provide sufficient coverage for your car. During the original warranty, you will get all of your maintenance and repairs done for you free of charge during the 3 to 5 years of coverage. By then, you will likely get a new vehicle and have another warranty on it. Therefore, extended warranties are often unnecessary.

There are good reasons to get extended warranties and reasons not to get them. It really depends on the individual consumers’ situation. For consumers who are looking for additional vehicle coverage as well as being able to cover the additional cost, getting extended warranties is a good idea. Those who are looking to save money and will only need warranty coverage for only a few years will benefit most by not getting one.