Protecting Your Bottom Line: How Extended Warranties can Protect Your Vehicle

When you purchase your car, you’re granted the factory or dealership warranty, but often, you’ll be given the option of purchasing an extended warranty. It’s more money, but it’s also more protection. Is it worth it? We think so!

Purchasing an extended warranty for your car, such as your Dodge Ram, can protect you and give you the peace of mind you deserve. Get your Dodge Ram extended warranty from carchex or from similar provider to save yourself hundreds — or thousands of dollars in the long run. Need a bit more convincing about getting your Dodge Ram extended warranty? Keep reading for our top three reasons we believe that extended warranties are smart, responsible choices for vehicle owners!

It’ll Pay for Itself After One Major Repair

While we certainly don’t hope for your Dodge Ram needing a repair, it’s quite possible that in its lifetime, it’s going to need some kind of major repair like a car ac repair or tire alignments service. The valuable thing about extended warranties is that they typically pay for themselves after the first major repair you need — god forbid you need more than one!

For example,  If your car’s computer system is malfunctioning, you could end up easily paying over $1,000 to fix it, according to Autos.com. With a warranty, you won’t face unexpected costs like these that you’re forced to pay out of pocket — this means you’re saving huge amounts of cash in the long run.

Ultimately, Longer Protection Terms are Helpful

Your car is likely designed to to last longer than 100,000 miles, and typically, that’s far before your regular warranty ends. In this case, a longer term of protection just makes sense. If your car is designed to go the distance, shouldn’t your warranty? The extended warranty options can offer future financial protection, protect your initial investment, and help keep your car in the best shape possible.

According to Americhoice, the average length of vehicle ownership is about 6.5 years, which is a rate that’s steadily increasing. Your dealership warranty is going to last you anywhere from 36,000-50,000 miles. Realistically, your car will outlast that warranty, making the extended warranty a smart financial decision.

It Can Possible Increase Your Car’s Resale Value

If you end up deciding to sell your car before your extended warranty is finished, the warranty is typically transferrable to the new owner for a small fee! That additional feature will likely give your new buyer peace of mind they can’t find somewhere else — they might be more-than-happy to pay extra for this guarantee. In the end, if you get your warranty, you’re likely providing a future-seller with more incentive to purchase your car, as well as increasing the sale value.

 Extended Warranties: The Smart Protection Choice

Ultimately, deciding on an extended warranty for your vehicle is going to be a personal choice. However, the benefits of extended warranties are limitless. Not only will you protect your vehicle for a much longer period of time, likely have it pay for itself with the first major repair, and reduce the cost of your vehicle ownership, but it’s likely to help retain the value of the car, if not increase it when it’s time to sell it.

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