Are Extended Warranties Worth It?

You may be asking yourself, “Should I buy extended warranties?” If you’re car shopping, car warranties should be included in your total price. Whether you’re on the market for a brand new Chevrolet or a used model, an extended warranty is an option for you that will come up when you talk with our finance team. We’re going to give you the information you need to make a decision that is best for you and your Burnsville lifestyle. Learn more with Shakopee Chevrolet!

What is an Extended Warranty?

First, let’s discuss what an extended warranty is. It’s an optional coverage that provides additional protection once your factory warranty has expired. Think of an extended warranty as a safety net. Should you have a situation where you need a fix after your manufacturer warranty, the extended warranty will save you hundreds of dollars by covering some of the cost. It’s a great “just in case” feature that can provide you the peace you need. 

What do Extended Warranties Cover?

There are different types of extended warranties available depending on the type of car, manufacturer and dealership. Extended warranties can include coverage for: 

• Towing
• Roadside assistance
• And more

Extended Warranties for New & Used Vehicles

As previously stated, extended warranties are available for new and used vehicles for Eden Prairie drivers, but they operate differently depending on the condition of the car you have. There are some things you should consider when deciding whether or not to purchase extended warranty: 

New Vehicles

• If you plan on eventually trading in your vehicle in the next couple of years, then you likely won’t need an extended warranty. New vehicles are built for more reliability than in the past, so the factory coverage should be plenty.
• Alternatively, if you’re planning on keeping your vehicle for more than 10 years, an extended warranty can be worth the investment. 
• Don’t forget to see what coverage is included with your insurance when you purchase your new vehicle. If your insurance has plenty of coverage, then an extended warranty may not be necessary. 

Used Vehicles

• Consider having the vehicle inspected and an estimate created for any vehicle issues. 
• Decide how long you plan on keeping the vehicle before considering extended warranty.

Do I Need an Extended Warranty? 

Generally, our service department recommends getting an extended warranty if you have concerns about your vehicle’s reliability. If you expect a major fix to be needed in a few years or nervous about a major repair becoming necessary, then an extended warranty is probably the best option for you. They are designed to be a plan B option in case of an expensive emergency. They give our Lakeville and Bloomington customers another layer of protection for their vehicle. 

Explore Your Financing Options at Shakopee Chevrolet

Are Extended Warranties Worth It? An extended warranty can be a great option if you plan on keeping your vehicle for as long as possible, and our financing team can help you decide what’s best for your vehicle. If you need more information to make a decision or have any questions, you can contact us today! You can also get an estimate of your monthly payments using our payment calculator to determine what your full monthly payments would look like.