Myths and Facts about Extended Car Warranties

Created on 3/17/2023

Woman holding car

Car ownership is a significant investment, and it is understandable that car owners want to protect their vehicles as much as possible. One of the options available to car owners is the purchase of an extended warranty. An extended car warranty can offer peace of mind to the owner by covering repair costs after the manufacturer's warranty has expired. However, there are many myths and facts about extended car warranties, and it can be challenging to sort them out. In this blog post, we will explore the myths and facts of extended car warranties to help you make an informed decision.

Myth: Extended car warranties are only useful for high-mileage cars. 

Fact: Extended car warranties can benefit any car owner, regardless of the mileage on the vehicle. An extended warranty can cover unexpected repairs that may occur during the ownership of the car. It can also offer peace of mind knowing that the car is protected, even if it has low mileage. 

Myth: Extended car warranties are expensive and not worth it. 

Fact: Extended warranties vary in price, depending on the coverage and the type of vehicle. While some warranties can be costly, other can be affordable and offer adequate protection for the car owner. It is crucial to shop around and compare prices to find the best value for money. 

Myth: An extended car warranty is not necessary if the car is reliable.

Fact: Even reliable cars can experience unexpected repairs. An extended warranty can provide peace of mind and financial protection for the owner, regardless of the car's reliability. 

Myth: An extended car warranty is transferable to a new owner. 

Fact: Some extended warranties are transferable to a new owner, while others are not. It is important to read the terms and conditions of the warranty to understand the transferability and the process for transferring the warranty. 

In conclusion, extended car warranties can provide valuable protection and peace of mind to car owners. However, it is crucial to understand the myths and facts surrounding extended warranties to make an informed decision. By researching the options, reading the terms and conditions, and comparing prices, car owners can find the best value for their investment. The goal is to get full protection from a quality car warranty policy.