Are Extended Warranties Worth It?

Whether you are shopping for a new Chevrolet model or considering a reliable pre-owned selection, an extended warranty will come up in the conversation. One of the more common questions Lafayette drivers have asked us is, should I buy extended warranties? 

Depending on your existing budget and needs, an extended warranty is an excellent option if you want to keep your vehicle for many years and are looking for extra coverage. So, are extended warranties worth it? Christi Hubler Chevrolet explores this subject in greater detail below!

What is an Extended Warranty?

So, before answering, should I buy extended warranties, we should start with a summary of what it can provide. Extended warranties are an additional available plan when financing your new or pre-owned vehicle, offering more maintenance coverage once the factory warranty expires. Consider this as an additional safety net, for example, after your powertrain warranty has ended and a major repair crops up. An extended warranty will help cover any costs to have that repaired.

What Else do Extended Warranties Cover?

Are extended warranties worth it? It’s important to see what your dealer has available. Many extended warranties may include options for vehicle coverage that can include: 

• Towing
• Roadside Assistance
• And Much More

Extended Warranties for New & Used Vehicles

Applicable to both new and used vehicles, an extended warranty can differ depending on your car’s condition. When you’re planning to purchase an extended warranty for one of these vehicles, here are some tips to consider:

New Vehicles

If you are considering an extended warranty for a new vehicle, here are some factors to consider: 

• Are you planning to swap out your vehicle in the next 10 years? If so, you probably won’t need one, as newer vehicles are built to be far more reliable than they were in the past.
• If you want to keep your car longer than 10 years, an extended warranty can be worth the cost.
• It’s important to check out what insurance coverage comes with your new vehicle purchase. 

Used Vehicles

If you’re buying a pre-owned vehicle, the topic of reliability will cover anything related to your extended warranty:

• Always check your vehicle to make sure any estimates include potential vehicle issues.
• Decide how long you are planning to keep. 

Chevrolet Extended Warranty Coverage

At Christi Hubler Chevrolet, we have multiple Chevrolet extended warranty options for your vehicle selections. Among what’s available are:

• Chevrolet Extended Limited Warranty: 5 Years/60,000 Miles – Extends your new vehicle’s Limited Warranty by two years, or 24,000 miles, whichever comes first. It covers any repairs related to defective parts. This is only available to purchase when you buy the vehicle, afterwards, you have the Platinum Protection Plan.
• Chevrolet Platinum Protection Plan: Covers up to 1,500 Chevy parts for repairs and replacement, including Brakes, Steering, Engine, Electrical, Drive Axle, Transmission, Air Conditioning, and more.

Do I Need an Extended Warranty? 

Extended warranties are ideal if you’re worried about breaking your budget and a major repair comes up. Remember, these should also be viewed as an extra precaution in case specific maintenance issues arise. As a result, if you’re worried about the vehicle overall, an extended warranty is worth it.

Discuss Your Car Financing Options at Christi Hubler Chevrolet Today!

Now that we’ve answered your questions, the team at Christi Hubler Chevrolet can help with your car financing needs. Whether it’s calculating your monthly car payments or debating whether to buy or lease, we’re the Crawfordsville Chevrolet dealership to help. See you shortly!