You’re not required to purchase an extended warranty protection plan! But, as you can see, such a plan can come in handy. Ideally, this add-on protection could help save you money on the out-of-pocket costs of unexpected repairs.
There are certain situations where an extended warranty will come in handy, such as when you plan to keep a vehicle long past the manufacturer’s warranty expires. An older vehicle will require more repairs as the years go by. If you do a lot of driving and your vehicle has an established record of necessary repairs, you’ll be doing yourself a favor by adding extra protection. Finally, if you’re shopping for a used vehicle whose manufacturer’s warranty has already expired, you can give yourself peace of mind by adding a protection plan. Often, extended warranty plans will come with perks like roadside assistance. However, keep in mind that many extended warranties have deductibles, which is an amount you will pay before coverage starts.