Are Extended Warranties Worth It?

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Whether you are shopping for a new Toyota RAV4 or you’re looking for a reliable used car, the option of buying an extended warranty will come up. But are extended warranties worth it? Extended warranties are perfect for those who plan on keeping their vehicle for many years and want that extra coverage just in case. Las Vegas car shoppers can learn more about extended warranties, how they work, and what exactly they cover with the financial experts at Findlay Toyota.

What is an Extended Warranty?

An extended warranty is an extra warranty plan drivers can get when financing a used or new vehicle. This is for extra maintenance coverage for once your factory warranty has expired. Each plan varies, but if applicable, you can add on extras like towing or roadside assistance. Think of it as an additional safety net; if your major powertrain warranty has ended, and a major repair comes up, your repairs are covered with the extended warranty.

Extended Warranties for New & Used Vehicles

Extended warranties apply to both new and used vehicles, but works differently depending on the condition of the car. Whether you’re looking to tack on an extended warranty, here are some tips to consider for both:

New Vehicles

Consider how long you plan on keeping the vehicle. 

  • Less than 10 years: may not be worth it
  • More than 10 years: definitely worth considering

Also, make sure you check what the warranty coverage is for the new vehicle you plan on financing.

Used Vehicles

It all comes down to the reliability of the vehicle, so make sure the vehicle is inspected and possible issues are estimated. From there, you can decide if the extended warranty is right for you. Like with new vehicles, consider how long you plan on keeping the used vehicle.

Should I Buy Extended Warranties? 

Like with the questions, “Are extended warranties worth it?”, the decision comes down to a few factors like your financial situation and your lifestyle. Extended warranties are excellent for Boulder City drivers who are worried about breaking their budget should a major issue come up and repairs are needed. This is just extra peace of mind that you’re covered while on the road.

Discuss Your Financing Options at Findlay Toyota

If you’re still wondering if extended warranties are worth it, or you would like to calculate your monthly car payments, let the team at Findlay Toyota help with all of your financial questions. Contact us today for additional information, or if you have any questions about the financing process.