Are Extended Warranties Worth It?

Whether you’re interested in purchasing a new or pre-owned vehicle in North Bend, you’ll likely be faced with the decision of purchasing an extended warranty. If you’ve ever wondered, “Are extended warranties worth it?” You’re not alone. Here you can learn about extended warranties and if they’re worth the money. If you have more questions or would like to purchase an extended warranty, please explore our auto finance resources or contact our team.

What is an Extended Warranty?

Should you buy an extended warranty? Before you move forward, it’s crucial to know how extended warranties work and what they cover. An extended warranty is an optional plan that you can add to your loan when you’re financing a new or used vehicle. This warranty provides additional maintenance coverage after your factory warranty expires; in other words, it’s a safety net if your vehicle’s major powertrain warranty ends and a major repair is required. One of the advantages of buying a certified pre-owned Chevy is that you get a complimentary extended warranty.

What Else Do Extended Warranties Cover?

Extended warranty coverage varies by dealership and brand. Still, most extended warranties in the Issaquah and Bellevue areas include the following coverage:

• Roadside Assistance
• Towing
• Major Repairs
• And more

Extended Warranties for New & Used Vehicles

There are extended warranties available for both new and pre-owned models, but they work differently depending on the condition of the car. Here are some things to consider for both:

New Vehicles

If you’re thinking about opting for an extended warranty with a new Chevy vehicle, keep these things in mind:

• Do you plan on trading in your vehicle in the next ten years? If so, you may not need an extended warranty because modern vehicles are more reliable than in years past.
• If you’re planning on keeping your vehicle for longer than ten years, then an extended warranty is definitely worth the investment.

Used Vehicles

Consider the following tips from our finance team before you get warranty coverage on a pre-owned vehicle:

• Have the vehicle you’re considering inspected, and get an estimate for any needed repairs or issues.
• Decide how long you think you’ll keep the vehicle.

Should I Buy an Extended Warranty?

If you’re worried about busting your budget with expensive repairs, an extended warranty can provide the peace of mind you need for your Snoqualmie drives and beyond.

Discuss Your Financing & Leasing Options at North Bend Chevrolet

Now that you know whether extended warranties are worth it for you, remember that our finance experts are here to help you get the coverage you need. Reach out to us when we can be of service.