Are Extended Warranties Worth It?

At TNT Ford, we know that purchasing a vehicle is a big investment, and protecting that investment matters. But are extended warranties worth it? Should you buy extended warranties? The answer depends on your Omaha, NE driving habits, budget, and long-term ownership plans, but in many cases, the peace of mind they provide can make them a smart decision. Read on to learn more. 

What is an Extended Warranty?

An extended warranty is an additional plan you can opt for when financing your new or used vehicle that provides additional maintenance coverage once your factory warranty has expired. Think of an extended warranty as an extra safety net; if your major powertrain warranty has ended, and a major repair crops up, an extended warranty will help cover the cost of having that repaired. 

What Else do Extended Warranties Cover?

Plans can vary between manufacturers and dealers, depending on whether you are getting a new or used extended warranty. However, extended warranties may include or have options for coverage that include:

• Towing
• Roadside assistance
• And more

Extended Warranties for New & Used Vehicles

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

New Vehicles

When it comes to deciding whether you should get an extended warranty for a new vehicle, you’ll want to consider a few factors, such as:

• Do you plan on swapping out your vehicle in the next 10 years? If so, you may not need one, as cars are built to be more reliable than in the past. 
• If you plan on keeping your vehicle for over 10 years, an extended warranty can be worth the investment. 
• It’s also worth checking to see what insurance coverage is included with your new vehicle purchase. 

Used Vehicles

When it comes to used vehicles and extended warranties, it’s all a question of reliability. Consider the following: 

• Having the vehicle inspected and an estimate created for any vehicle issues. 
• Decide how long you plan on keeping the vehicle. 

Do You Need an Extended Warranty? 

Extended warranties are perfect for those worried about breaking their budgets should a major issue arise or a repair be needed. As stated before, extended warranties are an extra precaution should an unpredictable maintenance problem arise. These warranties give you peace of mind while on the Des Moines roads. If you would like that extra safety net that won’t break the bank for the health of your vehicle, then an extended warranty is worth it.

Learn More About Extended Warranties With TNT Ford

So, are extended warranties worth it? For many Lincoln, NE drivers, the answer is yes. At TNT Ford, we’re here to walk you through the pros and cons and help you choose a protection plan that suits your needs. Stop by our Red Oak dealership or contact our finance team to learn more about your options and whether you should buy extended warranties for your new or pre-owned Ford. We can’t wait to serve you from Des Moines and beyond!