Are Extended Warranties Worth It?

Finance Paperwork with Glasses 

The choice to purchase an extended warranty will likely be presented to you, whether you want a new Mitsubishi Murano or a dependable used car. However, are extended warranties worth it and Should I buy extended warranties? Extended warranties are excellent for those who intend to keep their vehicle for a long time and want extra protection above the standard Mitsubishi warranty. The financial experts at Victory Mitsubishi can help you learn more about extended warranties, how they operate, and what they cover.

 

 

What is an Extended Warranty?

When financing a new or used car, you can add an extended warranty, which offers extra maintenance coverage after the factory warranty has run out. Consider an extended warranty as an extra layer of protection. If your primary powertrain warranty expires and you need to make a significant repair, an extended warranty will assist in covering the associated costs. 

What Else Do Extended Warranties Cover?

Depending on whether you purchase a new or used extended warranty, plans can differ between manufacturers, dealers, and both. However, extended warranties might offer or include the following coverage options:

  • Towing
  • Roadside assistance
  • And more

Extended Warranties For New and Pre-Owned Vehicles

Extended warranties cover new and used cars, but the terms vary depending on the vehicle’s condition. Here are some suggestions to take into account both buying a new or used car with an extended warranty:

New Vehicles

You should think about a few things before deciding whether to purchase an extended warranty for a new car, like:

  • In the following ten years, do you intend to replace your car? If so, you might not need one since today’s cars are more dependable than those made in the past. 
  • If you intend to keep your car longer than ten years, an extended warranty may be well worth the money. 
  • Confirming what insurance coverage comes with your new car purchase is vital. 

Pre-Owned Vehicles

It all comes down to dependability regarding used cars and extended warranties. Consider: 

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

Mitsubishi Extended Warranty Coverage

With Victory Mitsubishi, you’ll find excellent new and used vehicle extended warranty options. Shop our current inventory and add on an extended warranty to enjoy protections that include:

  • Extends coverage up to 7 years or 100,000 miles
  • 24-hour roadside assistance
  • Trip interruption benefits
  • Car rental benefits
  • A claim-free reward benefit

Do I Need an Extended Warranty? 

You might be wondering, “Should I buy extended warranties?” Extended warranties are ideal for those concerned about blowing their budgets if, unavoidably, a significant problem arises or a repair is required. As previously mentioned, extended warranties are an extra safety measure put in place should an unforeseen maintenance issue arise, and they give you peace of mind while driving. An extended warranty is worthwhile if you want a budget-friendly additional safety net to protect the condition of your car. One of our best car-buying tips? Splurge on extra coverage. 

Discover Financing Options at Victory Mitsubishi

If you’re still wondering are extended warranties worth it or have additional questions, 

Victory Mitsubishi can assist you if you are still trying to decide whether to choose an extended warranty or if you want to figure out your monthly car payments! You can quickly get more information or start financing by contacting us or visiting our dealership, Victory Mitsubishi.

 

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