Warranty Coverage

Is a warranty necessary? That depends on you and your situation. If an unexpected repair represents a financial challenge or if you simply prefer the peace of mind of having repair coverage on your vehicle, then an extended warranty plan is something you may want to consider. Ask us for a quote on an extended warranty and see if this coverage is right for you.

With over 14,000 components on today's vehicle, warranties or extended service plans can provide a welcome sense of security from the unanticipated expense of auto repairs. More than one-third of all vehicles experience a failure in a given year. The average extended warranty contract holder will make 4-5 claims over the life of their plan. Should your vehicle fail after the factory warranty expires, extended warranty plans can protect you from repair costs that can be in the thousands of dollars. More importantly, it can be tempting to put off needed repairs until you can afford the cost of the repair. This delay may result in additional damage to the vehicle, and can create unsafe driving conditions.

The risk of component failure and associated repair costs increases with your vehicle's age and mileage. Today's vehicles are extremely complex and contain many electronics, high tech sensors and computers. While engines and transmissions are more reliable than ever, it's these other parts that fail more frequently. As vehicles get more and more "high tech", associated repair costs are forecast to rise dramatically.

Component Current Cost Cost in 5 Years

Engine

$2400

$3254

Transmission

$1700

$2738

Brakes

$1050

$1525

A/C System

$  900

$1322

Power Steering System

$  950

$1456

Fuel Injectors

$1025

$1471

Electrical System

$  525

$  794

CV Joints

$  350

$  515

Suspension

$  450

$  686

Oxygen Sensor

$  536

$  692

Radiator

$  380

$  495

Instrument Cluster

$  250

$  392

Much like life insurance costs rise as we age, the cost for a car extended warranty will rise as the vehicle ages and accrues mileage. You will be offered the longest terms and the lowest rates for newer vehicles with lower mileage.

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