Cars are no more a luxury; they have become a necessity in today’s lifestyle. Most consumers choose to keep their cars for much longer durations, and with traffic dictating our lives, it is crucial that everybody has a car warranty. While you may trust your own driving, you can never completely trust other people. Another important point to remember is that car financing by itself has become easier and, hence including the warranty in the plan would always prove to be a sensible decision. Therefore, if you get a better deal with a car extended warranty while you are looking for a car loan approval, it is advisable to take it. Following is why we think that getting a car extended warranty is beneficial for some cases though not quite useful in others.

Pros of buying an extended warranty

• Customize your warranties as per your own needs
  While we look at car financing and different options for a car loan, we ensure that our needs are met before finalizing an option. Similarly, a car extended warranty can help you choose the features you need; for example, you may opt for bumper-to-bumper warranty only if you require. This helps you make your normal car warranty even more useful, especially in times of need.
• Get costly repairs covered and afford expensive technology
  With new cars being introduced in the market every day, understanding their technology is becoming more and more complex for humans. To keep up with the competition, car manufacturers are adopting the best of technology and offer you the ultimate quality in automobiles. However, sometimes, it is difficult for a layman to understand these technicalities. Normal car maintenance budget is not enough sometimes and, hence, a car warranty and even a car extended warranty is a sensible thing to have. This is crucial, especially when you have bought an expensive car.
• All the work is done by dealers
  One of the most convenient things about getting a vehicle from a trusted dealer is that they sort out all of your documentation. Right from the papers required for your car loan to your extended warranty, the dealers may sometimes just give you the best deals and offer you a warranty for much more reasonable prices.

Cons of buying an extended warranty

• The car extended warranties are quite costly
  When you get an extended warranty, you end up spending a lot more than the usual price. The real dilemma arises when you realize that you do not want to put your car through any sort of damage once the initial period is over, and yet you do not want your extra expenditure to go to waste. Therefore, ensure that you negotiate well to get the best bargain on your extended warranty.
• Extended warranties may not cover all the repairs
  Extended warranties sometimes are full of legal jargon and most customers tend to ignore the fine print completely. You need to know what the warranty covers, and most importantly, you should be aware of what it does not include. The exclusion list would generally skip over all the main repairs and in most cases, it will not even give you access to repair providers who are approved by the auto manufacturers. Therefore, read through the document of a car extended warranty carefully before making a decision. Moreover, extended warranties may provide a limited access to repair providers who are approved.
• You may never actually use an extended warranty
  Another thing that deters most people from getting their car warranty extended is that they may never actually use it and the expense may end up being a waste. However, you would need to introspect and take a call regarding your driving records and overall safety before making this decision.