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Is the Warranty on Your New Car Necessary?

Graham Cook  — January 12, 2019

You might have just test driven a car and are ready to make the purchase. It won’t be long until you’re escorted to the finance department to “sign on the dotted line.” At this time, you’ll want to figure out if you want to buy a car warranty on the new car or not. Before rushing to sign the deal, we recommend considering the following scenarios.

How Reliable is the Car?

Even new cars can quickly develop issues that might need pricey repair work. If you’re not purchasing a type of car that’s known for long-lasting reliability like a Toyota or a Honda, you might end up thanking your lucky stars that you added a car warranty to the purchase price of your new vehicle.

How Handy Are You?

If you’re someone that doesn’t know the difference between a car jack and a car lift, your best bet is to invest in a warranty for your new car. Just regular maintenance like oil changes can be difficult for people without a mechanical bone in their body. What would you do if your brand-new car broke down on the side of the road?

Not only would you be stranded, but you’d also be stuck with tons of mechanic bills right off the bat. That’s why so many new car buyers choose to tack on an extended new car warranty onto the purchase price. It gives them the confidence of knowing they’re covered for any repairs and they only have to pay one monthly fee.

Is a Car Warranty on a New Car Worth It?

When thinking about getting an extended warranty for a new car, you should be sure to research by reading reviews and taking a close look at the fine print of the contract. You might also want to weigh out the pros and cons of new car warranty coverage.

Pros

  • Can be added to car loan purchase
  • Saves money on future repair bills
  • Can purchase extended coverage

Cons

  • Could cost more if not bundled with car loan
  • $1,000-$1,500 when purchased separately
  • You might get lucky and never need the plan

These are just a few of the things you should keep in mind when thinking about a warranty for your new car. There’s also the matter of finding the best car warranty providers to work with and making sure that you’re getting added benefits like towing an rental car reimbursement.

Learn More About New Car Warranties

At FindReviews.com, we’ve put a lot of time and effort into researching car warranties, all so you don’t have to worry about doing it yourself. Do yourself (and your new car) a favor by heading on over to check out our reviews of extended service contracts for new and used cars. Your bank account will thank you!