An extended car warranty may save you some money if your car ends up needing repairs that are covered under the plan. An extended car warranty may help cover the cost of certain repairs to your vehicle when the manufacturer’s warranty expires.
What is an extended car warranty?
An extended warranty is an optional plan you can buy to help you pay for the cost of certain repairs your vehicle may need while you own it. It usually begins when the manufacturer’s warranty expires, but sometimes the two overlap.
How much do extended car warranties cost?
Coverage options vary, and the cost you’ll pay varies based on what the plan covers and the make and model of your car.
Should you buy an extended car warranty on a new or used car?
When you buy a new car, you probably won’t need to use an extended warranty right away because the manufacturer warranty — which is typically included in the price of the car — covers the cost of most repairs for the first few years you own the car.
But if you’re buying a car that’s no longer covered by the manufacturer warranty or you want additional coverage after it expires, you might want to buy an extended warranty.
Can You Buy an Extended Warranty After You Buy A Car?
Yes, you can get an extended warranty after you buy a car, depending on the model and year of the vehicle, from Better Banks.
If you have questions about extended warranties, or would like additional information, please contact one of our lenders.
