Pros and cons of purchasing the extended warranty for a new car

Buying a car is one such important decision you take in your lifetime, after which you will be looking for all possible ways to protect it from breakdown and collision. Even if they occur, having the extended car warranty plans will protect you from the hefty repair bills by taking  responsibility for the repair or replacement of the covered parts.

But you will be having a bundle of thoughts running within your mind that whether it is worth the money you spend when it comes to purchasing an extended car warranty plan .

In this blog, we shall discuss the pros and cons of purchasing extended car warranty plans for a new car.

Pros of purchasing the extended car warranty plans on the new car

Reliability and the durability of the vehicle are the two important factors to consider while purchasing the extended car warranty plans on a new car. Nowadays people show an interest to keep their car for the long run when compared to prior, so purchasing extended car warranties has become a priority.

Though your vehicle is new, modern vehicles are more complex and even if some small repairs occur they need to be handled by specialists by visiting the authorized service centers. In such cases having the extended car warranty plans is additional protection and helps you to stay stress-free against the rising repair costs. Extended warranty plans would be highly beneficial to handle the repairs in the high tech features like software and the electronic systems in the car.

With the extended car warranty plans your needs can be customized based on your requirements and the condition of your vehicle along with the additional perks like roadside assistance, towing support and many more. This is especially true when it comes to purchasing extended car warranty plans from the third-party warranty companies.

When it comes to purchasing an extended car warranty plan on a new car, it is always better to purchase it while it is still under the original factory warranty. This would help to cut down your cost and provide you with a wide range of options in coverage level.

Different third-party extended car warranty providers come up with numerous customized extended car warranty plans on new cars with a greater deal of flexibility despite the make and model of your vehicle.

Extended car warranty plans on the new car not only offer complete peace of mind and also if you are protected longer to a greater extent, you can drive longer with confidence.

Cons of purchasing the extended car warranty plans on the new car

In rare cases, there is a chance that nothing bad can happen to your car during the car warranty period so you would have no chance or need to use it.

Extended warranties might seem quite expensive if purchasing it without proper analyzing. Selecting the improper coverage level that does not suit the condition of your vehicle can make it worthless.

It is important to note that extended car warranty plans do not cover wear and tear damages and body panel issues.

Things to do before purchasing the extended car warranty plans on the new car

  • After deciding to purchase the extended car warranty plans, understand the requirements of your car and think about the options you have to purchase the warranty plan and research about the facilities available with the wide range of providers.
  • Make sure the extended warranty plan you choose offers a coverage level beyond the manufacturer’s warranty protection.
  • Spending enough time to read the fine print to understand what is covered and excluded under the car warranty plan is very important.
  • Enquire how the claims are handled and how instant they are processed. Make sure the claims are processed in such a way so that you no need to pay upfront costs out of your pockets and wait for the reimbursement.
  • Purchasing extended warranty plans from the warranty companies that have the highest customer satisfaction ratings is highly important.

At Gulf Plus Warranties, we do offer customized extended car warranty plans for new, used and the pre-owned vehicles at the most competitive prices despite the age, mileage, make and model of the vehicle.

With the highest claim settlement ratio in the past, we have become one of the reputed car warranty companies in Dubai & Abu Dhabi in recent years. Contact us at 971 506 804 953 or drop us an email at hello@gulfplusgroup.com to know more about our extended car warranty packages and talk with our warranty advisor.