Extended warranty – What is it?

When a new car comes out of the showroom it has a pretty basic feature to offer – the warranty! A warranty is nothing but a form of assurance that indicates that any faulty part of the car will be replaced or repaired, with a few limitations. This warranty is provided in a written document. The warranty offers vary from one manufacturer to the other, one could be a 2-year warranty with 40,000 km or another could be a 3-year warranty with unlimited miles. However, once these warranties expire, what should you do? At such a time, in case your car faces issues with the engine or breaks down, the cost of the repair will have to borne by you with no reimbursement from any warranty. This is where extended car warranty Canada is offered by dealers when you buy a new car. This can also be bought before the expiry of the standard warranty. This warranty covers repairs or replacements in case of malfunctioning of parts of the car.

Does the customer need an extended car warranty in Canada?

An extended car warranty purchase is based on the purchaser’s ownership plans. For instance, if you intend to make use of your car within the basic warranty and sell it later, you need not opt for the extended car warranty Canada, however, having this warranty could get you good resale value. But, if you wish to own this car for a long time which exceeds the basic warranty, then you could benefit from the extended car warranty. Cars, no doubt, are quite reliable these days, however, a machine can face part failures, breakdowns, etc. in 2-3 years. During that time having an extended warranty will be beneficial.

Where to purchase the warranty?
The extended warranty could be bought via the dealer or the manufacturer. You can also have a look at the 3rd party car warranty Canada and check various offers and schemes. In case you wish to buy an extended warranty, buy it when you purchase your vehicle because you will be offered a good deal at that time. In case you need time to consider the option, enquire about the time limit to confirm the offer. Generally, the extended car warranty can be purchased before the basic warranty expires. However, a few manufacturers will have some timelines. Also, ensure that you check the coverage.