- February 18, 2021
- By Michael
- In Auto Protection
An extended car warranty refers to a longer vehicle service contract offered by automobile dealerships. It’s an optional coverage that takes care of unexpected overheads like mechanical breakdown, towing costs, and other automobile reparations.
In the aftermath of the entire COVID-19 crisis, we move into very uncertain and turbulent economic times. Millions of American households are struggling with increasing inflation and job insecurity.
In such times, many automobile manufacturers and dealerships will strongly advise opting for an extended car warranty. Why?
In simple terms, getting an extended car warranty is a lot like getting a life insurance policy. If any unexpected accident occurs, you will not have to worry about having financial coverage.
Increasing Private Transportation
In the world of coronavirus, an increased number of people are choosing to use personal vehicles as a preferred mode of transportation instead of public transport.
Cars are likely to be much more hygienic than buses or subways, post-COVID-19. While there is rising concern about what the decreasing ridership of public transport could spell for the environment, there is no overlooking the fact that bigger cities are seeing an influx of cars on the road now.
As private transportation is on the rise in these uncertain times, the following are a couple of reasons why you should consider getting an extended car warranty.
Avoid Unexpected Expenses
If you use your car often, it is expected that wear and tear-related depreciation will take its toll on your asset. To benefit from an extended car warranty, the cost of car repairs should exceed or meet the amount of premium you have paid.
With a little research, we have found that the average cost of an extended warranty is between $1600 to $4500. Car repair costs come in quite a range. Small water pump or radiator replacement will cost between $300 to 750$, where as other expenses such as airbag, suspension system, transmission, or head gasket replacement will cost anywhere between $1000 to $6000.
With economic uncertainty on the rise, do you want to encounter unexpected costs that can put a dent in your hard-earned savings?
Say Goodbye to Worrying About Car Expenses
When you get an extended car warranty, you will have the assurance that you are covered.
There are different car warranties, but most extended warranty plans cover a range of expenses, including roadside assistance, towing, road-hazards, and more.
For instance, if you live in an area with a lot of roadside debris, then you must be familiar with getting multiple flat-tires in a short span of time. If you opt for an extended warranty plan that covers the cost of flat-tires, then you will never have to feel that nagging money-related stress when you get a flat tire or any other car repair expense.
If you have decided to opt for an extended warranty, you will likely benefit from it in the long-term rather than not.
Get in touch with Concord Auto Protect here. You can make a quick appointment with our expert consultants who can guide you towards the most suitable extended car warranty for you.