5 Reasons to Consider an Extended Warranty for Your Car

Purchasing a vehicle can be a costly venture, especially if there is a mechanical problem when you begin using it. However, with an extended car warranty Australia based drivers can enjoy peace of mind for their new vehicle. While you may consider an extended warranty to be an unnecessary expense, here are five reasons why it may be a good solution for you.

Supplemental Coverage:

Whether you are buying a new or used vehicle, chances are that the warranty supplied is not comprehensive. This can mean that before you have become accustomed to the costs associated with running your new vehicle, you may be faced with a repair bill. Fortunately, an extended warranty can remove this financial uncertainty. With this type of warranty, you can have supplemental and extended coverage to your vehicle, which will not only cover the cost of any repairs but assist you with any associated inconveniences such as replacement vehicle rentals, roadside assistance or towing your vehicle to a garage.

No Unexpected Repair Bills or Expenses:

Although you may consider purchasing extended warranties as an additional expense, they can actually provide great financial relief. There is no need to worry about trying to plan for unexpected repair bills or out of pocket expenses as these costs will be covered by your policy. As many vehicles now feature computer and electrical systems, it means that even a modest repair is often associated with a hefty repair bill, this type of financial protection can offer relief from stress and worry.

Flexibility:

Most manufacturer warranties have specific limitations and requirements such as ensuring that any repairs are conducted at a particular dealership. This may not always be the most convenient solution for you. However, a third party extended warranty will offer a greater degree of flexibility, allowing you to take your vehicle to any certified facility. This removes the worry about what happens if a dealership goes out of business and means that you can use the facility which is most convenient for you.

Increased Resale Value:

Many forms of extended warranty are actually transferable. This means that it can provide a great selling feature to any potential buyers. This in itself increases the potential resale value of your vehicle, but the presence of this warranty will also showcase that the vehicle has been properly cared for. Research has shown that buyers are likely to be prepared to spend more on a vehicle which has had a history or proper care. This increase in selling price should cover the cost of the policy and mean that your vehicle sells more quickly.

It Costs Less Than You Thought:

While you may have considered extended warranties in the past, you may be pleasantly surprised at the great deals which are now available. With the possibility of obtaining an extended car warranty quote online, you can easily shop around for the right policy at a great price. When you consider all of the costs involved in potential vehicle repairs, you will see that the cost of extended warranties is actually very attractive.

If you would like to know more about an extended car warranty, Australia based All Credit can help. We specialise in all aspects of financial products including an extended warranty for your vehicle. Our team of advisors would be delighted to discuss your specific requirements and offer the best solution to your needs.