Nowadays, all the Car and the Motorcycle Manufacturers offer a standard warranty on their brand new vehicles as it has become a norm now. Also, apart from the compulsory standard warranty being offered on all new cars, almost all the car manufacturers are now providing an extended warranty scheme too on them. Now, commanding an extra premium over the on-road price of the car, the extended warranty is perceived as an accessory which ensures convenience and peace of mind by increasing the warranty period of the car in a whole. So, today in this article, we will be sharing with you all the Top three pros and two cons of an extended warranty.
As you all might be already knowing that the extended warranty scheme increases the warranty period of the car in a whole. While the extended warranty covers the benefits of the standard warranty of a car for some more years, it surely has its set of demerits as well, though not too serious ones to consider. As every coin has its two sides and so does the extended warranty scheme too. So, following are the merits and demerits of the extended warranty scheme provided by the car manufacturers. Let's have a look at the top three pros and two cons of an extended warranty:
Pros of an Extended Warranty
Covers Pricey Repairs and Defected Parts - The possibility of a part failure might be fade in the standard warranty period, but the chances of them do sometimes increase in the warranty period. Some of these car parts can be expensive and can involve complex technologies, and thus expensive labour charge as well.
Assured Car Service at every Authorized Service Station Across the Country - An extended warranty assures that your car will be taken care of with equal attention and care at whichever authorized workshop you take your car at.
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Enhances the Resale Value - The extended warranty usually is at least one to five years more over the standard warranty of the car. Many car owners sell off their cars quite frequently, especially once their standard warranty finishes. For such owners, fetching an extended warranty can fetch them a higher asking price during selling their car to someone else.
Cons of an Extended Warranty
Usually are Very Pricey - The Extended warranties are generally a pricey affair, and it totally depends on luck whether you will get a chance to avail the benefits of it depending on any malfunction occurs in your car or not.
Cannot be used at any other Service Station apart from the Authorized Ones - The extended warranty can be availed on only those cars which have been regularly serviced and only at the authorized workshops as mentioned by the car manufacturers. It cannot be availed at any other regular service station.
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So, these were the top three pros and two cons of an extended warranty of a car. Have you got an extended warranty scheme for your car? Please do feel free to share your opinions with us in the comments section below. You can also join our 91Wheels Auto Enthusiast Telegram group (click via mobile to join) curated exclusively for the fans, enthusiasts and the owners. Further, subscribe to our YouTube channel for more such amazing motoring updates.
