I get asked this question a lot: “Jerry, are extended warranties really worth it?” And the honest answer is that it depends on the kind of driver you are.
If you keep your car well past the factory warranty period, coverage can make a lot of sense. A single major repair, like an engine or transmission replacement, can cost thousands of dollars. In many cases, one repair is enough to cover the cost of the plan.
The average age of vehicles on the road in the US is now 12.8 years, the highest it has been in modern history. Why? Because people are keeping their cars longer due to rising car prices and high interest rates. The longer you own your car means the higher the chance for something expensive to break. Coverage gives you peace of mind that you won’t be left footing the entire bill.
On the other hand, if you trade in cars frequently, you may never own one long enough to get the benefit of extended protection. In that case, coverage might not be the best use of your money.
The key is to make the decision based on facts, not on pressure from a finance office. Chaiz helps by showing you side-by-side comparisons from the top providers. You can see the coverage, the costs, and the details before you ever commit.
Take a look for yourself at www.chaiz.com/carpro. And if you decide extended coverage is right for you, use the promo code CARPRO to save $100.
Wishing you safe travels,
Jerry Reynolds
The CarPro