Are Extended Warranties Worth It?

Finance Paperwork with Glasses
 

Should I buy extended warranties? You’re not the first Cerritos driver to ask this question, but the answer ultimately depends on the vehicle and your lifestyle. Learn everything you need to know about extended warranties with Harbor Chevrolet below. You can contact us with any questions that come up along the way! 

 

 

What is an Extended Warranty?

When you’re financing a new or used vehicle in Long Beach, you’ll have the ability to add an extended warranty. What is an extended warranty? It is an optional plan that kicks in after your factory warranty expires, providing additional coverage for maintenance and repair costs. 

Extended warranties also may offer benefits like roadside assistance and towing. The coverage offered by these extended warranty plans varies by the manufacturer, dealership, and whether it is for a new or pre-owned vehicle. We’ll explore that in greater detail below.

Should I Buy Extended Warranties?

Are extended warranties worth it for you? Here are some factors to consider depending on whether you’re buying a new or used vehicle:

Are Extended Warranties Worth It for New Vehicles?

If you’re buying a new vehicle near Lakewood, you’ll should first check to see what coverage is included with your purchase. Then consider the following:

  • Vehicles are built to be more reliable than they have been in the past, so an extended warranty may not be necessary if you plan on trading in the vehicle in the next 10 years.
  • If you plan to keep the vehicle for the entirety of its lifespan, an extended warranty can be a sound investment.

Are Extended Warranties Worth It for Used Vehicles?

If you’re shopping around Bellflower for a used vehicle, reliability will be your top concern when determining if an extended warranty is worth it:

  • Consider how long you plan to keep the vehicle. Then have a mechanic inspect the vehicle you’re interested in and draw up an estimate for any problems that may need fixing down the road. 
  • If the vehicle isn’t very reliable or prone to specific types of issues, an extended warranty is worth considering.

Chevrolet Extended Warranty Coverage: Chevrolet Protection Plan

The Chevrolet Protection Plan is a customizable extended warranty plan that lets you enjoy peace of mind knowing you have the exact coverage you need. Three coverage options are available: Powertrain, Silver, and Platinum. Depending on which plan you choose, you can receive coverage for up to 1,500 parts on your vehicle. Contact us today for more information on your Chevrolet extended warranty options!

Get the Coverage You Need at Harbor Chevrolet

Still unsure if an extended warranty is right for you? That’s okay! Start a conversation with us today, and we’ll be happy to discuss your options with you. We look forward to speaking with you!

 

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