Many people do not understand the importance of extended car warranties. And why would they? It is anybody’s guess how many calls people field about warranties on any given day. If you feel like this, read on to learn about five times you might need an extended warranty and how it can help you save money on auto repairs.
It is a good idea to take your time when picking an extended warranty provider when your factory car warranty expires. That’s because there are scams lurking everywhere, and nobody needs to be taken advantage of. So, do your research and find the best extended car warranty to ensure you land with a company that meets your needs and preferences.
1. Air Conditioning Failures
It seems to get hotter and hotter in the summertime each year. For instance, many parts of the United States regularly hit temperatures in the high 90s and triple digits during the summer season. Therefore, it depends on where you live, but you probably won’t want to deal with no air conditioning in your car for very long because that could leave you sweating through your clothes and sticking to the seats.
However, if you don’t have the cash on hand to fix the issue, that’s exactly what might happen. The cost of repairs will vary, depending on if parts need to be replaced and how labor-intensive the job is, but the average price people spend on car air conditioner repairs is $650. But, had you bought a warranty that covers your vehicle’s A/C, you’d only have to pay a small deductible before the policy kicks in and settles the bill.
2. An Engine Rebuild
When internal engine components go out, vehicle owners often choose to rebuild their motors. Some people are hands-on. They do everything themselves meticulously. However, not everyone has the time, patience, or knowledge for such a venture. Therefore, many car owners take their vehicles to local shops to rebuild their powertrains. How much you’ll have to spend on this service will vary, but according to research, you should expect to pay between $2,500 and $4,000.
That’s a lot of cash to have to come up with when an unexpected engine problem arises. So, ensure that fate doesn’t wreak havoc on your life by obtaining a car warranty. Then, your price should drop way down, as most warranty companies have deductibles of $100.
3. Automatic/Standard Transmission Rebuilds
Imagine for a moment that you are driving in traffic when, all of a sudden, your transmission stops shifting. That could leave you stuck sitting and causing a traffic jam. Then again, the issue might even cause a wreck. Hence, be careful when your transmission begins acting up, and you’ll need to get the situation looked into sooner rather than later. If the shop tells you a transmission rebuild is necessary, that can be very expensive.
This auto service typically runs between $1,100 and $3,200 because they are time-consuming. So, get a warranty to ensure you can afford a transmission rebuild when a problem arises. Doing nothing might not be the best strategy, as your car might simply have to sit until you get the cash saved up for repairs. Then, what will you do about transportation in the meantime?
4. A Hybrid Battery Replacement
Have you gone green and bought a hybrid vehicle? If that’s the case, good for you. You are doing your part to cut down on fossil fuel use and reduce pollution. Remember, though, that your hybrid’s battery may need to be replaced eventually. When that time comes, you’ll definitely want to be the owner of an extended car warranty. According to Dependable Car Care, owners tend to spend between $1,000 and $6,000 or more, paying professionals to complete a hybrid battery replacement.
5. Electrical Component Repairs
Modern vehicles have electrical components all over the place. Systems have sensors, relays, fuses, and so much more. They relay messages to onboard computers and keep cars running like well-oiled machines. Because there are so many of these parts, figuring out which one is malfunctioning can be quite the ordeal. The job can be time-consuming and cost you what feels like an arm and a leg. Ensure that doesn’t happen with an extended car warranty.
Final Thoughts
Paying full price for auto repairs can hurt your budget. So, don’t end up in this situation. Rather, get your hands on a stellar extended car warranty after the manufacturer’s warranty expires. Then, you’ll be able to save cash on fixes.