Are Extended Warranties Worth It?

An automobile is a large investment. New and used vehicles cost tens of thousands of dollars, making financing a priority when shopping for a new ride. However, do you ever stop to think about the ownership costs associated with it?

Vehicle repairs are costly and can force you to make difficult financial decisions. New vehicles come with a warranty, but what do you do when it expires? Are extended warranties worth it, or is it better to pay for repairs and replacements out of pocket when the need arises? Let’s explore the ins and outs of extended warranties and weigh their pros and cons.

What are Extended Warranties?

If you’ve ever bought a used vehicle, your mailbox was probably quickly bombarded with warnings that your vehicle’s warranty was about to expire. They hit their mark if those regularly mailed warnings left you wondering, “Should I buy extended warranties?” So, what are extended warranties?

Warranties are like vehicle repair insurance, and an extended warranty is one offered by a company after the original manufacturer warranty expires. Most warranties don’t cover routine maintenance, such as oil changes and tire rotations. However, they typically cover repairs to your vehicle’s drivetrain, powertrain, and electrical systems. Some plans include perks such as:

• Free towing
• Free rentals while your vehicle is being worked on
• Free 24-hour roadside assistance

Contact us at Mullahey Chrysler Dodge Jeep RAM if you have any questions about what kinds of warranties we offer on our inventory of Ram, Jeep, Dodge, Chrysler. We’ll also be glad to help you understand the options available if you’re considering an extended warranty for your Ram, Jeep, Dodge, Chrysler.

Should I Buy Extended Warranties?

The big question is, “Should I buy extended warranties?”, right? Are extended warranties worth it? Vehicles have a ton of moving parts. If you plan on owning your vehicle for the next decade, it’s almost inevitable that you’ll have to pay for repairs as all of those moving parts degrade with time and use.

When you purchase a new Ram, Jeep, Dodge, Chrysler, it comes with a manufacturer’s warranty that’s good for 3 years or 30,000 miles, whichever comes first. Once you start nearing the threshold for either years or mileage, it’s wise to begin shopping for extended warranties.

If you purchase a used Ram, Jeep, Dodge, Chrysler, it could already be past its manufacturer warranty. It’ll likely come with a short-term, low-mileage dealer warranty, but you should start shopping for an extended warranty soon after your purchase. You don’t want to be stuck fitting the bill for repairs to your vehicle’s engine or transmission.

Let Us Answer Your Extended Warranty Questions!

Extended warranties are usually worth their price once the manufacturer or dealer warranty on a vehicle expires. You certainly don’t want your car to break down in the picturesque %%target_city%% hills and have no coverage for towing and repairs. They’re a sight to behold, but not when you have to try to figure out towing and repairs.

If you have any questions about your warranty or getting an extended warranty for your Ram, Jeep, Dodge, Chrysler, contact us at Mullahey Chrysler Dodge Jeep RAM. Also, be sure to visit our service department to see how you can save on maintenance.