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The Benefits Of An Extended Warranty
There are many benefits to getting an extended warranty on your pre-owned vehicle, especially if you’re purchasing a luxury pre-owned vehicle. The more you drive the vehicle, the more money you’ll have to put into the vehicle for maintenance and possibly repairs. An extended warranty gives you more peace of mind that you won’t have to pay for all of those costs out-of-pocket. While an extended warranty does cost you more upfront monthly, it will save you more money long term.
Along with relieving the financial stress that can come with vehicle repairs, extended warranties often include other benefits. Some of the common extra benefits are roadside assistance, rental car reimbursement, trip interruption reimbursement, and towing services. Extended warranties also typically offer affordable monthly payment plans and can be worked into your monthly vehicle payments if you purchase an extended warranty when you purchase your car.
You are also afforded a lot of flexibility when it comes to extended warranties. You can decide what service you’d like to have and think you may need, and get a package that covers those services and nothing more. This makes it extremely convenient if you want some extra coverage, but don’t want to break the bank with a top-tier warranty.
In the event that you sell the vehicle, many warranties can also be transferred to the new owner for a small transfer fee. So, not only will the new owner get more vehicle protection, this could also gain you more of a profit by increasing the value of your vehicle.
There are many parts of the vehicle that an extended warranty can cover. For instance, our PAC warranty has 6 different tiers ranging from Powertrain – which includes some components of the engine, transmission, drive axle, 4WD/AWD, seals & gaskets as well as industry standard labor rates and 24/7 roadside assistance – and Wrap – which includes everything provided from the other 5 coverage options as well as labor & diagnostics, 24/7 roadside assistance, rental car reimbursement, and trip interruption benefits.
You can see the full PAC Warranty details and product offerings by visiting our PAC Warranty page. Our team is also happy to provide any answers to questions you have about our extended warranty policies.