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Are Extended Warranties Worth It?

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When shopping for a brand-new vehicle or a pre-owned vehicle in pristine condition, one of the decisions you will have to make is in regards to insurance coverage. You may be wondering “are extended warranties worth it?”. The answer to this question can vary based on your lifestyle and budget. However, an extended warranty is a smart investment for many Beachwood drivers who plan to keep their vehicle for many years. That added coverage can provide added peace of mind on the roads of Mayfield. If you would like to know more about extended warranties, the finance experts at Mercedes-Benz of Bedford can assist you.

What is an Extended Warranty?

When you are financing your next vehicle, you have the choice to opt for added coverage once your factory warranty expires. Each plan varies, but in many cases, you can choose extras like towing or roadside assistance. An extended warranty is like an additional safety net. You don’t have to worry about out-of-pocket expenses for covered components when your vehicle is no longer covered by the factory warranty.

Extended Warranties: New & Used Cars

You can take out an extended warranty on both new and used cars, but they work differently depending on the condition of the car.

New Vehicles

If you are debating extended warranty coverage on a brand new vehicle, consider how long you plan on keeping the vehicle. Thanks to advancements in automotive technology, vehicles are lasting longer than ever. If you plan on driving your vehicle for less than ten years, an extended warranty may not be the most beneficial. However, if you do plan on keeping the vehicle for ten years or more, an extended warranty can be a very smart investment.

Used Vehicles

If you are purchasing a used car, the reliability of the vehicle should be the deciding factor when considering an extended warranty. Before you purchase a used car, have it thoroughly inspected by a professional. From there, you can decide whether or not you would like to opt in for an extended warranty. Once again, think about how long you plan to have this vehicle. If you are likely driving it for several more years, it is a good idea to take out an extended warranty.

Do I Need an Extended Warranty?

Again, the decision comes down to many factors, like your lifestyle and financial situation. If you are worried about costly repairs popping up down the road, and you have it in the budget for this added coverage, it is recommended. Talk to our team about your concerns today.

Expect Hassle-Free Financing at Mercedes-Benz of Bedford

If you still have questions regarding extended warranties or automotive financing near Cleveland, contact the finance department at Mercedes-Benz of Bedford today.

Mercedes-Benz of Bedford 41.403737, -81.552229.