Is Investing in a Car Warranty Really Worth It?

If you own a car, then you cannot completely disregard protecting it with a warranty. Having warranty coverage for your car is extremely useful particularly when your vehicle breaks down unexpectedly and requires costly repairs. Funding these repairs can prove to be difficult unless you have warranty coverage. However, if you are still trying to decide whether investing in a car warranty is worth it, we hope this blog will help you decide one way or the other.

 Deciding whether a car warranty is worth it

Before deciding whether a car warranty is worth investing in, let’s first know about the key benefits of a car warranty and understand a few deciding factors you should consider.

Key benefits of a car warranty

1. Your car is protected from unexpected damage

With warranty coverage, you are assured that your car will be protected in case of any unexpected mechanical or electrical problems. The warranty provider will bear all the costs of repairs and replacements, including labor charges.

2. Enjoy peace of mind

With a car warranty, you can enjoy peaceful drives since you do not have to worry about costly repairs.

3. Easy and quick repairs

With warranty coverage for your car, repairing it is quick and simple. You don’t have to worry about which service center to go to or whether the service center is reliable. Besides, when you take your vehicle under warranty to a service center for repairs, the service center will generally stock up on spare parts for your vehicle so these are easily available when you require them.

4. Improved resale value

If your car has warranty coverage when you sell its resale value improves. Prospective buyers generally have more faith in a vehicle that is covered by a warranty since it indicates that the vehicle has received regular maintenance and care and has also been repaired when necessary.

 Deciding factors

Before you decide whether to purchase a car warranty, you must think about these aspects of your car’s maintenance and repairs.

1. Reliability of your vehicle

Consider whether your vehicle is reliable. Is the brand known for its dependability or is it prone to frequent problems and repairs? If your vehicle is not very reliable or you are unsure about its reliability, investing in a car warranty would be worth it. This is particularly necessary in the case of a second-hand vehicle.

2. Paying for expensive repairs

All the repairs on your car do not cost the same. While the repairs on some minor components may be inexpensive, repairing major parts such as the engine and transmission can burn a hole in your pocket. Hence, the prudent course of action would be to prepare for such unexpected expenses by purchasing warranty coverage for your car.

3. Regular service and maintenance

Another factor that needs to be considered before purchasing a warranty for your car is whether you are keeping up with the regular vehicle service and maintenance. If you are not consistent and do not have proper service and maintenance records, you will not be eligible for a car warranty, since one of the eligibility requirements for a car warranty is a perfect service history.

4. Ownership duration

How long you plan to keep the car will also impact your decision to purchase a warranty for it. If you intend to hold on to your car for a long time, you need to ensure it is always performing at its best with adequate warranty coverage. However, if you plan to sell it in a few years’ time, then the need for a warranty reduces, although you could still protect it with a shorter duration warranty.

5. Annual mileage

The mileage you cover annually is also a deciding factor when it comes to buying warranty coverage for your car. If you drive for less than 15,000 kilometers per year, you can choose not to buy warranty coverage for your car. However, if you drive extensively, your car’s expensive components will experience unavoidable wear and tear and require the protection of a car warranty.

6. Coverage available

For a warranty plan to be worth it, it must provide adequate coverage for your vehicle’s components. A warranty that does not provide adequate coverage and excludes major components of your car is not worth the money. Always ensure you understand what is covered by your warranty and what is not.

7. Additional benefits

Most warranty providers offer additional benefits with a car warranty. These can include free roadside assistance, a rental car for when your vehicle is under repairs, food, and lodging during breakdowns, etc

A car warranty offers numerous benefits to car owners and deciding whether you should purchase one for your vehicle is not simple. While it is an additional expense it is extremely useful in certain circumstances such as if you own a used vehicle or your car is not very reliable. If you wish for a peaceful and hassle-free car ownership experience, then investing in a car warranty is the way to go. The ultimate decision on whether you should purchase an extended car warranty for your vehicle rests with you.

 MP WARRANTIES: A RENOWNED CAR WARRANTY PROVIDER IN THE UAE

We are MP Warranties, a trusted car warranty provider in the UAE. We provide extremely customizable car warranties that fit the coverage requirements of your vehicle. Our warranty plans are comprehensive but economically priced. If you are unsure about whether your car needs warranty coverage, talk to our warranty advisor by calling +971 501 604 953.