Are Extended Warranties Worth It?

Whether you’re shopping for a new Nissan Maxima or if you’re seeking a reliable used selection, the topic of purchasing an extended warranty is going to come up. Yet you might be wondering, “Should I buy extended warranties?” 

Depending on your existing budget and lifestyle, an extended warranty is a great option for those who are planning to keep their vehicle for a long time. It’s also ideal for those who want extra coverage. Learn more about whether extended warranties are worth it with the financial team at Nissan of Torrance.

What is an Extended Warranty?

Extended warranties are an additional plan you can select when you’re financing a new or used vehicle, providing additional maintenance once the factory warranty has expired. Many consider an extended warranty a safety net in the event your vehicle needs to be repaired. This can cover the cost to have it repaired. Yet, you’re probably wondering, are extended warranties worth it and should you buy an extended warranty?

What Else do Extended Warranties Cover?

While this can vary between dealerships and car manufacturers, along with whether you’re selecting a new or used extended warranty, there are more to many warranties. Extended warranties often include coverage or options to include:

• Towing
• Roadside Assistance
• And more!

Extended Warranties For New & Used Vehicles

Extended warranties are applicable to both new and used vehicles, but they work differently depending on the condition of the car. 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 you’re considering an extended warranty for a new model, these are some of the aspects to mull over:

• Are you planning on swapping out your vehicle in the next 10 years? If so, then you may not need one, as most new vehicles are built to be more reliable than they were in the past. 
• If you’re planning on keeping your selection for more than 10 years, then an extended warranty can definitely be worth the investment and time.
• It’s also worth considering to see what the insurance coverage is included with your new vehicle purchase. 

Used Vehicles

If you’re considering a used vehicle and extended warranty, it’s all about reliability and mileage. Review the following:

• Have the used vehicle inspected and an estimate created for any potential vehicle issues.
• Decide from the start how long you plan on keeping your vehicle.

These major factors around new and used vehicles can often make you answer the question, Should I buy extended warranties?

Do I Need an Extended Warranty? 

As we indicated above, extended warranties are ideal for those who are budget-conscious and if a major repair issue comes up. These are always intended as an extra step and precaution in the event some repair problem arises. If you’re someone who wants an extra safety net to protect your vehicle without breaking the bank, then an extended warranty is ideal for your needs.

Discuss All of Your Financing Options at Nissan of Torrance

If you’re still not sure if extended warranties are worth it, Nissan of Torrance is here to answer your questions. We also have an online tool to help you calculate your monthly car payment and ever-changing service specials. Call us at 844-840-3700 or fill out our contact form! Whether you’re leasing or financing, we’re ready to help with any extended warranty questions. See you soon!