When motorists go to buy a new vehicle, they’re often faced with a number of important questions: what’s my budget? What type of vehicle should I buy? What brand or model of the vehicle should I buy? What features and options do I want to be included?
Another factor that should be taken into account more often than it usually is: how much warranty coverage am I getting?
It may come as a surprise that different car manufacturers offer different warranty coverages. For example, Ford and Toyota offer 3 years / 60,000 kilometres, while Kia and Hyundai provide 5 years / 100,000 kilometres.
This matters because there are different perks to having your vehicle covered by warranty — and there’s nothing worse than needing it, only to have discovered that it has already expired.
Here are some important reasons why it’s beneficial to have your vehicle covered by a warranty for as long as possible.
Less money to spend on repairs
This is an obvious one.
If a breakdown occurs that is covered by your warranty policy, you won’t need to pay out of pocket to have it fixed. Costly breakdowns can happen to all vehicles, including brand new ones, so the longer you have a warranty, the longer your breakdown repairs will be covered for.
Warranties add value for trade-ins and private sales
Even if you spend plenty of time researching and deciding what new vehicle to purchase, there’s no guarantee that actually keeping the same vehicle will be the right decision.
Maybe an unexpected financial emergency pops up that requires you to save money somewhere, such as downgrading to a more affordable vehicle. Perhaps you soon realize that you need a vehicle that has more seating or better towing capacity. Or, heck, maybe you discover that you just flat-out don’t enjoy driving the vehicle as much as you thought you would.
If you decide to trade-in or privately sell a vehicle, an existing warranty adds a lot of value to it and helps you to negotiate a better price.
Stuck with a short factory warranty? Get it extended
So, you’ve taken your time and done all of your research, but for one reason or another, you’ve still decided that the next car, truck or SUV you purchase will be one that comes with a shorter warranty of just 3 years.
Luckily for you, getting the benefits of longer protection is still possible, thanks to an extended warranty!
Not only do we specialize in selling extended automobile warranties, but we can provide you with the best available coverage and service.
Obvi’s extended warranties are for up to 9 years from when the vehicle was new, so even if you get 5 years of coverage straight from the manufacturer we can provide you 4 years on top of that, giving you the perks discussed above for longer.
Check out the extended warranty page of our website to learn more and to receive a free instant quote for prices.