Are Extended Warranties Worth It?

January 20th, 2024 by

Lifetime Powertrain Warranty

Your vehicle is a major investment, and you want to protect that investment as long as possible. That is why so many Evergreen and Brewton shoppers ask us, ”Should I buy extended warranties?” Are extended warranties worth it? If you plan to own your vehicle for the long haul, the added peace of mind is often worth the cost. We dive into the basics below to help you make an informed decision. 



What is an Extended Warranty?

So, what is an extended warranty, exactly? Extended warranty coverage can be tacked on to take over once your initial vehicle coverage has ended. Think of an extended warranty as an additional safety net. If an issue comes up after your warranty coverage ends, an extended warranty can help to cover some, or all, of the cost to repair it. 

What Do Extended Warranties Cover?

What do extended warranties cover? This really depends on what the automaker or dealership offers. Extended warranties often include the following: 

  • Towing
  • Roadside assistance
  • And more

Extended Warranties for New & Used Cars

Should I buy extended warranties? There are a few things to consider if you are buying new or used. 

New Vehicles

  • How long do you plan to keep your vehicle? If you are going to sell it or trade it in less than 10 years, you may not need extended warranty coverage. 
  • If you’re planning on keeping your vehicle for more than 10 years, we highly recommend an extended warranty. 
  • Be sure to explore what insurance coverage is included with your new vehicle purchase. 

Used Vehicles

  • Have the vehicle inspected and an estimate created for issues that need to be fixed. This can help you determine if an extended warranty is worth the investment. 
  • Decide how long you plan on keeping the vehicle. If you are looking to drive it for many years to come, an extended warranty is likely a good call. 

Do I Need an Extended Warranty? Ask the Experts at Lee Motor Company!

Are extended warranties worth it? For some drivers, that added peace of mind is well worth the cost. You won’t have to worry about a large repair bill down the road. If you have more questions about warranty coverage, do not hesitate to reach out to the service team at Lee Motor Company today. 


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