Many car buyers prefer investing in new cars over old ones as they are assured of peace of mind due to the standard warranty that covers various car repairs and services for a specific period or mileage. However, as a car’s standard warranty nears its expiry date, many car owners are confused about when to purchase an extended warranty. Should they do it before the standard warranty expires, or is it better to purchase after the standard warranty has expired? Let’s explore the topic of extended warranties in more detail.
Understanding Extended Warranties for Your Car
What is an extended car warranty?
An extended car warranty extends the standard warranty coverage beyond the standard warranty expiry date. It helps cover the cost of unexpected repairs and replacements on your car and offers continued protection against unexpected mechanical breakdowns.
When to Purchase and Options?
Ideally, you should consider purchasing an extended warranty before your standard warranty expires. Many manufacturers and third-party warranty providers offer seamless transitions to an extended warranty if you purchase it while your vehicle is still under the standard warranty. However, this does not mean you cannot purchase a warranty for your car once the standard warranty expires. While manufacturers generally refuse to provide extended warranty coverage once your standard warranty expires, there’s no need to worry. You can still purchase a comprehensive extended car warranty from a third-party warranty provider but with some additional considerations.
Extended Warranty Options
You can purchase an extended warranty for your car from several sources:
Manufacturer
Almost all car manufacturers will offer extended warranties for their vehicles. This option provides a sense of reliability and trust in the vehicle in the minds of car buyers. However, the offer of an extended warranty by your car manufacturer is time-bound and must be taken up before the standard warranty expires. You could be refused an extended warranty by the manufacturer, even if you are just a day past the standard warranty expiry date.
Dealerships
Your car dealership may also offer you an extended warranty at the time of sale or as an add-on later. However, it is essential to compare their extended warranty coverage and prices with those provided by the manufacturer and third-party warranty providers.
Third-Party Providers
If you ask around you are likely to find numerous third-party companies providing reliable extended car warranties with impressive coverage. It’s crucial to research and choose a reputable provider for reliable coverage and good service. Directly investing in a third-party extended warranty could prove to be more cost-effective, than purchasing from your car dealership.
Extended Warranty Considerations
Consider these aspects when purchasing an extended warranty for your car
Vehicle Age and Mileage
Most extended warranty providers have specific requirements regarding the age and mileage of your car. Typically, vehicles with higher mileage and older models may have limited options in warranty coverage or more expensive extended warranties.
Vehicle Condition, Inspection, and Certification
You will only be eligible for an extended warranty if your car is in good working condition. Some extended warranty providers may require an inspection or certification of your vehicle to ensure it is in good working condition before approving it for extended warranty coverage. Your extended warranty will not cover pre-existing issues with your car.
Cost Considerations
The cost of an extended warranty after your standard expires may be higher. Providers may factor in the increased risk of mechanical issues as the vehicle ages.
Service History
Ensure you retain all the service bills and invoices for your car as your warranty provider will require to verify the same. You will only be eligible for an extended warranty if you have been regular in the service and maintenance of your car as per the manufacturer’s guidelines.
Purchasing an extended car warranty after your standard warranty expires is possible and you have many options. However, carefully weigh the pros and cons of each before finally deciding on an extended warranty plan that suits your car’s needs and is within budget.
MP WARRANTIES: COMPREHENSIVE PROTECTION WITH OUR EXTENDED WARRANTIES IN THE UAE
We are MP Warranties, your trusted partner for reliable extended car warranties in the UAE. Our comprehensive warranty coverage ensures you can drive your valuable new car with peace of mind.
Don’t wait to secure your car. Call +971 501 604 953 now to learn about our extended warranty plans and enjoy worry-free driving!
