However, all auto manufacturer warranties do expire eventually. Then, if something does happen, the manufacturer guarantees their quality and will repair or replace the part at no additional cost. However, when you buy a new or used car, you pay a higher price in return for the peace of mind that parts are less likely to break. Through daily wear and tear, parts eventually wear out and break, especially the older the vehicle gets. Limitations of a Manufacturer’s WarrantyĮven with the most reliable vehicles, mechanical breakdowns are simply a part of car ownership. However, understanding how they can be helpful can help you determine whether or not an auto protection plan is worth the investment. Is an Extended Auto Warranty Worth It?Īn extended car warranty isn’t the right solution for everyone. We’ll help you learn to compare prices and get a great deal on an extended car warranty. However, these only provide financial protection for a limited time, and once the factory warranty expires, car owners are left to pay out-of-pocket for repair costs. The good news is if the manufacturer’s warranty still covers the vehicle, you’ll have the peace of mind of a bumper-to-bumper warranty that will repair or replace any broken car parts. Therefore, a damaged vehicle needing repairs would hinder or even incapacitate essential daily activities. However, most of the population depends on their vehicles for daily life, such as going to work, buying groceries, or attending medical appointments. To make matters worse, 69% of car owners put off routine car maintenance due to financial constraints. Recent reports indicate that less than half of Americans can pay for more than $1,000 in surprise repair costs.

Today, many car owners are having difficulty paying for unexpected and expensive car repairs.

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