Are Extended Warranties Worth It?

Whether you’re looking for a new Honda or a reliable pre-owned model, opting for an extended warranty has likely crossed your mind. Since an automotive purchase requires lots of planning and every dollar counts, you’ve likely wondered, “should I buy extended warranties?” Are extended warranties worth it after you factor in all other ownership costs? 

Depending on your lifestyle, budget, and future plans, extended warranties may be a great investment! Find out more specifics and get the answer to that question “should I buy extended warranties?” below!

What is an Extended Warranty?

Before you ask, “are extended warranties worth it?” it’s a good idea to get a clear understanding of what extended warranties actually offer. An extended warranty is an additional plan that you can select that provides added maintenance coverage once your factory warranty has run its course. Each plan will vary slightly, but you can generally tack on extras like towing or roadside assistance, offering greater peace of mind for every commute from Walla Walla to Tri-Cities. 

You can essentially think of an extended warranty as a safety net. If you experience a major powertrain breakdown in Dayton after your powertrain warranty has expired, your extended warranty will help cover the repair costs!

Extended Warranties for New & Used Vehicles

You can add an extended warranty when purchasing a new or used vehicle, but the way they will work varies based on the condition of the car. Here are some things to consider before you upgrade your coverage:

New Vehicles

If you’re considering an extended warranty when buying a new vehicle, think about your future plans. Do you anticipate keeping your vehicle for many years? Or are you the type of College Place driver that likes to secure the latest features? If you’re the latter, an extended warranty is likely not a good purchase. 

However, if you’re hoping to keep your new vehicle for 10+ years, an extended warranty is certainly worth the money! Another thing to keep in mind is the coverage that is offered through your financing. You may not even need to add additional coverage, so be sure to examine the fine print!

Used Vehicles

Deciding whether or not you want an extended warranty when shopping used comes down to the condition of the car. Make sure to have your vehicle inspected and get repair estimates for any issues that crop up. After that, you can make an informed decision on how long you plan to keep the vehicle. Setting a plan for how long you plan to own the car will be a key factor in deciding if you should invest in an extended warranty. 

Do I Need an Extended Warranty? 

Securing an extended warranty is an individual decision. Each driver has different budgetary restrictions, future plans, and automotive needs. Extended warranties are great for adding peace of mind, knowing you have protection against expensive major repairs. If the idea of having a cushion to save your finances should a major automotive problem arise appeals to you, then an extended warranty is your best bet. 

Discuss All of Your Financing Options at Underriner Honda of Walla Walla

Still asking, “should I buy extended warranties?” Not to worry! Our Underriner Honda of Walla Walla financiers can walk you through the pros and cons of extended warranties and help you make a decision based on your individual needs. You can visit us in College Place to sit down with an expert or contact us to chat in the meantime!