Are Extended Warranties Worth It?

Whether you’ve purchased a new or used model, you might be wondering, “Are extended warranties worth it?” The answer will differ for every driver depending on budget, lifestyle, and other factors. But for most drivers, around Washington and North Las Vegas, NV, an extended warranty is certainly worth considering. Get to know more about extended warranties below, and find out your personal answer to the question, “Should I buy extended warranties?”

What is an Extended Warranty?

First, let’s start with the basics. What is an extended warranty? An extended warranty is an optional warranty plan that extends your original plan past its initial expiration date. That means you get to keep the great benefits of your original factory warranty even longer. No need to worry about your powertrain failing just past the end of your coverage. Your extended warranty plan covers the costs just the same. Many even cover benefits like towing services, roadside assistance, and more.

Extended Warranties for New vs. Used Vehicles

Both new and used vehicles can take advantage of extended warranties. However, it’s important to think about your budget and lifestyle while weighing your options. Here are some things to consider:

New Vehicles

• Do you like to change cars frequently? If you plan to keep your car for 10 years or less, you might not need the benefits of an extended warranty.
• Do you like to stick with one car for the long run? An extended warranty will help protect you from service and repair costs, which can reduce your expenses overall – not to mention your stress levels!
• Do you have extra benefits provided by your new vehicle insurance plan? Check your coverage and speak with your insurance agent.

Used Vehicles

• Is your vehicle in good condition? Consider getting an inspection and estimating the costs for any potential vehicle issue.
• Do you plan to keep your car for a long time? Like a new car, you will benefit from an extended warranty if you plan to keep your vehicle for a longer period.

Cadillac Extended Warranty Coverage

The Cadillac Protection Plan was designed to give drivers total peace of mind on the Cedar City roads with three tiers of coverage: Powertrain, Silver, and Platinum. Take a look at some of the highlights of the Cadillac Protection Plan, and don’t hesitate to reach out to our finance team for more information:

• Comprehensive coverage backed by Cadillac and General Motors
• Customizable contract terms and deductibles
• Coverage for up to 1,500 vehicle components
• Concurrent coverage with any applicable manufacturer warranties

Do I Need an Extended Warranty?

So once and for all, should I buy extended warranties? Extended warranties are the best option for those who are concerned about service and maintenance costs over a long period of time. Your plan will give you extra protection against any unexpected repairs, which shields you from that financial burden. If you want a safety net on the road, an extended warranty can be the perfect solution.

Explore All of Your Financing Options at Stephen Wade Cadillac

Are extended warranties really worth it? For many drivers, the answer is yes. But if you want to weigh the pros and cons with our finance experts, feel free to stop by Stephen Wade Cadillac for a chat. You can also contact us with questions in the meantime.