What is an Extended Warranty?

Buying a car is a big investment, and we know you want to protect it. One way to do that is by considering an extended warranty. 

But what exactly is an extended warranty, and how can it benefit you? At Soerens Ford, we’re committed to providing clear and honest information so you can make the best decisions for your vehicle and your budget.

In this article, we’ll explain what an extended warranty is, how it works, and whether it’s worth it for you. We’ll also cover common questions and concerns, so you’ll leave with a complete understanding. 

What Is an Extended Warranty?

An extended warranty, also known as a vehicle service contract, is a plan that helps cover the cost of certain repairs and replacements after your factory warranty expires. 

It’s like adding extra protection for your car, giving you peace of mind in case something goes wrong.

Think of it as an insurance policy for your vehicle. While the factory warranty (provided by the manufacturer) typically lasts for 3-5 years or a certain number of miles, an extended warranty can extend that coverage for additional years or miles.

How Does an Extended Warranty Work?

Here’s how an extended warranty works step by step:

1. Choose Your Plan: Extended warranties come in different levels of coverage, ranging from basic powertrain protection to more comprehensive plans that cover almost every part of the car.
2. Pay for the Warranty: You can pay for the extended warranty upfront or sometimes roll the cost into your car financing.
3. Use the Warranty When Needed: If your vehicle needs a covered repair, you’ll take it to a qualified service center—like Soerens Ford’s service department. Most extended warranties require you to pay a small deductible, and the warranty covers the rest of the cost.
4. Enjoy Peace of Mind: You’ll have fewer worries about unexpected repair bills, which can help with budgeting and financial planning.

What Does an Extended Warranty Cover?

The coverage of an extended warranty depends on the plan you choose. Here are the most common types:

• Powertrain Coverage: Protects the engine, transmission, and drivetrain components.
• Comprehensive Coverage: Includes almost all major parts of the vehicle, from the air conditioning to the electrical systems.
• Specialized Coverage: Some plans cover extras like roadside assistance, rental car reimbursement, or specific high-tech components.

Be sure to review the terms of your warranty carefully. Some items, like routine maintenance or wear-and-tear parts (e.g., brakes, tires, and wiper blades), are usually not covered.

Benefits of an Extended Warranty

So, why should you consider an extended warranty? Here are some of the top benefits:

1. Financial Protection: Repairs can be expensive. With an extended warranty, you won’t have to worry about large, unexpected bills for covered repairs.
2. Peace of Mind: Knowing you’re protected against major repair costs can reduce stress and help you enjoy your vehicle more.
3. Resale Value: A car with an active extended warranty may appeal to buyers, as it shows the vehicle has been well cared for.
4. Customizable Plans: Extended warranties come in many forms, so you can choose the coverage that fits your needs and budget.
5. Convenience: Many warranties include extra perks, like roadside assistance or rental car coverage, making your life easier in case of a breakdown.

Is an Extended Warranty Worth It?

Whether an extended warranty is worth it depends on your personal situation. Here are a few factors to consider:

• Your Driving Habits: If you drive a lot and plan to keep your car for many years, an extended warranty can be a smart investment.
• The Vehicle’s Reliability: Some vehicles are more prone to issues than others. Do your research on your specific model to see if extended coverage makes sense.
• Your Budget: If an unexpected repair bill would strain your finances, an extended warranty can provide financial security.

At Soerens Ford, we’re happy to sit down with you and discuss whether an extended warranty makes sense for your situation.

Common Questions About Extended Warranties

1. When should I buy an extended warranty?
   The best time to buy is often when your factory warranty is still active. You’ll get better pricing and more options.
2. Can I buy an extended warranty for a used car?
   Yes! Extended warranties are available for used vehicles, although the cost and coverage may vary based on the car’s age and mileage.
3. Are all extended warranties the same?
   No. Warranties vary widely in terms of coverage, cost, and benefits. It’s important to read the fine print and choose a plan that matches your needs.
4. Can I cancel an extended warranty?
   Most extended warranties offer a cancellation period, often within 30 days of purchase. 
5. What’s the difference between an extended warranty and car insurance?
   Car insurance covers damage from accidents, theft, or natural disasters. An extended warranty covers mechanical issues and breakdowns not caused by accidents.

Why Choose Soerens Ford for Your Extended Warranty?

At Soerens Ford, we believe in putting our customers first. Here’s why you can trust us with your extended warranty:

• Transparency: We’ll explain all the details and help you choose the plan that’s best for you.
• Quality Service: Our certified technicians are trained to handle any repairs covered by your warranty.
• Flexible Options: We offer a variety of plans to fit your budget and vehicle needs.
• Support Every Step of the Way: Whether you have questions about your warranty or need help with a claim, our team is here for you.

Protect Your Investment with Confidence

An extended warranty is a great way to protect your investment and gain peace of mind. At Soerens Ford, we’re here to help you navigate your options and choose the right coverage for your vehicle.

Stop by our dealership or give us a call to learn more about extended warranties. We’re always happy to answer your questions and ensure you feel confident in your decision. Let us help you drive with peace of mind, knowing your vehicle is covered.