It can be very exciting to buy a new car at your local Chevy dealership. Before you leave you will have the chance to buy an extended warranty on your new car. There are several things that you should take into consideration when deciding whether or not you want to purchase the extended warranty.
Make sure that you understand the type of warranty that you are purchasing. You will want to consider the cost of the warranty, things that may void the warranty, and how long your car warranty coverage will last.
What Kinds of Car Warranties Are Available
When you are thinking about purchasing an additional car warranty, make sure you know what type of warranty you are getting. There are extended warranties, powertrain warranties, electric vehicle warranties, and more. Each of these warranties covers different things.
What Is an Extended Warranty?
Most new cars come with a manufacturer’s warranty. This warranty will only last for a given timeframe or a specific number of miles, whichever comes first. An extended warranty provides additional coverage after the original manufacturer’s warranty ends.
Extended warranties do not always provide coverage for everything that a manufacturer’s warranty covers. It is important to understand exactly what is covered in the extended warranty you choose before you purchase it.
This is not to say that extended warranties are bad. In fact, an extended warranty has the potential to save you hundreds, if not thousands of dollars in car repairs. Extended warranties usually cover the car’s powertrain system.
It is important, however, to set aside money for routine maintenance. There are plans offered by your Chevy dealership that cover your car’s routine maintenance. Extended warranties usually do not cover items like:
- Oil changes
- Windshield wipers
- Spark plugs
- Light bulbs
- Belts and fans
- Air and fuel filters
- Brake pads
These are all things that are affected by normal wear and tear. Even though they are not included in an extended warranty they need to be maintained routinely.
What Is the Cost of an Extended Warranty?
You need to take into consideration what the cost of an extended warranty is. An extended warranty for your car might cost between $1,000 and $3,000, or more. When you add up the cost of the extended warranty you should also factor in any financing costs, like interest, that you may incur. If the cost of repairs that your car could need is more than the cost of the warranty, then it could be beneficial in the long run.
Can You Void a Car’s Extended Warranty?
It is possible to void your car’s extended warranty. Make sure that you know what changes you can make to the car so that you do not void the warranty. The specific parts that you use in the car for routine maintenance could void the warranty.
Making changes to the car runs can void the warranty. Do not add aftermarket parts or accessories that may interfere with how the car runs. If you add aftermarket parts that are not approved, the warranty could be voided.
Using parts for routine maintenance or mechanical repair that are not certified could also void the warranty. In order to make sure that you do not void the extended warranty make sure that the parts used for maintenance or repair are approved.
Get an Extended Warranty From Your Chevy Dealership
When you buy a new car from your Chevy dealership, you can rest assured that the extended warranty that you are offered is legitimate. You can also work directly with the dealership to professionally work on your car. They can perform warranty work, make mechanical repairs, and complete routine maintenance.