Are Extended Warranties Worth It?

2024 Honda Prologue Elite AWD Front

Shopping around Warren for a new Honda Accord? Are you looking for a reliable pre-owned Honda Civic near Boardman? Regardless of your chosen car, truck, or SUV, the option for purchasing an extended warranty is likely to come up. 

But are extended warranties worth it? Should you buy extended warranties? Depending on your Youngstown lifestyle and budget, extended warranties are an excellent option for those who are planning on keeping their vehicle for many years, and want the extra coverage just in case. Learn more about whether you should buy extended warranties or not, how they work, and what they cover with the help of our Apostolakis Honda finance specialists.

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Should I Buy Extended Warranties?

Before you can decide whether extended warranties are worth it for your Cortland commuter, you’ll want to know what an extended warranty is. An extended warranty is an additional plan you can select when you are financing your new or used vehicle that provides additional maintenance coverage once your factory warranty has expired. An extended warranty is a lot like a backup plan; if your major powertrain warranty has ended, and a major repair crops up, an extended warranty will help cover the cost of having that repaired. 

 

Extended warranty plans can vary between manufacturers and dealers. If you’re deciding if you should buy extended warranties or not, you’ll also have to consider the pros and cons of protecting a current or older-year Honda. However, extended warranties may include or have options for coverage that include:

 

  • Towing
  • Roadside assistance
  • And plenty more

Should You Get an Extended Warranty for a New or Pre-Owned Vehicle?

Extended warranties apply to both new and used Honda vehicles. However, you’ll notice that they work differently depending on the condition of the car. Whether you’re looking to tack on an extended warranty on the latest Honda or a pre-owned model, you’ll want to take the following factors into account:

New Vehicles

When it comes to deciding whether you should get an extended warranty for a new vehicle, you’ll want to consider a few factors, such as:

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

Used Vehicles

When it comes to used vehicles and extended warranties, it’s all a question of reliability. Consider the following: 

 

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

Finance a New or Pre-Owned Honda at Apostolakis Honda

Do you need help calculating the monthly car payments on your upcoming Honda purchase? Let the team at Apostolakis Honda help you with any financial inquiries! Simply reach out to us or stop by our Cortland dealership for more advice or to begin the financing process.