Extended auto warranties are just like insurance –You pay an amount to avoid a situation or expense you may not be able to afford easily. It is often that we come across consumer reports indicating that extended warranties do not make for a good deal for electronics because the short service and lack of moving parts in that particular class of products makes the probability of a covered product low and the expense of the warranty redundant. However, the more intricate the product or device is, the higher the chances of costly repair. And, modern day cars can cost you dearly in case of sudden breakdown or system failure.
Vehicles have become costly and complex
Until a few decades back, there was no availability of extended warranties. Cars were much simpler and there was no market for extended auto warranties. Once the manufacturer’s warranty came to an end, drivers were successfully able to fix most of the things. In worst cases, they take the car to the local repair shop and got it fixed.At least, given the standards today, it was just a trivial amount.
However, modern day cars are created with very expensive parts and advanced technology. For example, Audi A3 offers adaptive headlight as an option. These headlights turn with the steering wheel. Even though it is optional, the cost of parts for each headlight is more than $600, and god forbid, if the entire systems fails, you have to replace both or else your vehicle would appear funny.
However, if you have an extended car warranty in place that covers this repair then you have to worry not at all about the expensive cost. Those who do not buy an extended warranty often end-up paying money from their own pocket. The idea of purchasing an extended auto warranty is worth an investment as it not only saves you from unnecessary repairs but also makes it possible for you to save money. So, without wasting much time, buy one and get your vehicle covered.