Date: March 27, 2021
If you are considering buying an extended car warranty in New York, you might be wondering whether it is a good investment. New cars are equipped with new technology and computers making it difficult for car owners to repair them. Ergo, you should buy an extended car warranty because of the following 4 reasons:
1. Protects your car after the factory warranty ends
According to recent studies, 6.5 years is the average length of owning a new car. This means that people are keeping their cars longer these days due to financial strains or obtaining better driving skills. Although most new cars have factory warranties, the years or ownership or amount of miles are limited. Typically, a new car has a factory warranty of 36,000 miles or 36 months. With the average ownership of new cars doubling, you will have your car unprotected for a long period. Therefore, buying an extended warranty can protect your car even after the factory warranty ends.
2. The warranty can pay for itself after a major car repair
Nowadays, cars have complex technology, making it difficult to fix things yourself and costly to pay for repairs. When any of the systems fail, you will have to pay the repair and labor costs because it requires an expert. However, if you purchase an extended warranty, it can cover technological, electrical, and computerized systems, thus saving you a lot of money. Some car parts are quite expensive, making it financially challenging for car owners to repair their cars. With an extended car warranty, you can save thousands of dollars monthly or annually.
3. Covering perks not included in a factory warranty
Unlike factory warranties, extended warranties offer extra benefits to car owners. For example, the extended warranty of AmeriChoice Route 66 has emergency roadside assistance and rental car allowance. This can be economical and convenient, especially if you are stranded on the roadside, or your car requires major repairs. Depending on the company you choose, an extended car warranty in New York can prove its worth when you face stressful situations. Towing, trip protection, accommodation, and affordable payment plans are some of the perks you can enjoy with an extended warranty.
4. Increasing your car’s resale value
If you intend to sell your car, an extended warranty can increase the resale value or attract potential buyers. Typically, if you are selling your car before the extended warranty ends, you can transfer it to the new owner at a small fee. Potential buyers prefer buying cars with extended warranties because they get peace of mind and a guarantee that the car does not have impending breakdowns.
An extended car warranty provides a wide range of benefits to car owners. For instance, the peace of mind of an extended warranty brings stretch to other aspects of your life. You can easily budget your car’s expenses and take care of other things. With an extended warranty, you do not have to stress about not making a car payment because you have to fix plumbing issues in your home. Since you know you are covered, it is easy to budget effectively and enjoy owning a car.
The Binghamton Auto Exchange now offers ProGuard warranties for many of its vehicles. Call (607) 754-9118 for details. Visit us at 209 Vestal Parkway West in Vestal, NY and see why we are the most trusted name in pre-owned luxury cars under $15,000 since 1976.