Is it worth getting an extended warranty on a vehicle?
An extended warranty is worth your time if your car isnt extremely reliable and you wouldnt necessarily be able to pay for major repairs right now. If you purchase a used car from a dealer, an extended warranty could be the right choice if youre uncertain about a vehicles reliability.
Whats not covered under warranty?
An extended warranty does not cover any preexisting damage to the vehicle, normal wear, and tear, or anything that would be considered abuse. Additionally, most basic extended warranties will not cover anything that can be considered a routine maintenance item, such as an oil change or tire rotation.
What is not covered by Hyundai warranty?
The Hyundai warranty does not cover: Regular labor costs for maintenance of your vehicle (oil changes, cleaning, polishing, etc.) Ordinary maintenance items (wiper blades, brake pads, etc.) after the 12-month/12,000-mile term has expired.
Is routine maintenance covered under warranty?
Car warranties do not cover routine maintenance. In fact, failing to keep up with the manufacturers recommended maintenance schedule can void your car warranty. Some manufacturers now include a maintenance plan in the purchase price of a car.
Is extended warranty really worth it?
Extended car warranties are worth it if you want your coverage to continue after your factory warranty expires. Without a warranty, you are left to cover repair costs on your own. An extended warranty can also be worth it if you value peace of mind when it comes to budgeting for repair costs.
What is not covered under car warranty?
In general, these items arent covered in a car warranty: Routine maintenance: Routine oil changes, tire rotations, etc. Wear and tear items: Brakes, brake pads, clutches, windshield wiper replacements, headlight bulbs, etc. Exterior or body panel damage: Dings and scratches in the paint.
What is not covered by Hyundai 5 year warranty?
Powertrain Limited Warranty Second and/or subsequent owners have powertrain components coverage under the 5-Year/60,000-Mile New Vehicle Limited Warranty. Excludes coverage for vehicles in commercial use (e.g., taxi, route delivery, delivery service, rental, etc.)
How much does it cost to add extended warranty to a car?
An extended warranty plan from the dealership will usually cost between $1,000 and $1,500. Normally, the cost of an extended warranty is tacked on to your monthly car payment. However, one drawback to is you may end up paying interest on the warranty, and it becomes more expensive in the long run.
Are extended warranties a waste?
Extended warranties are rarely worth your money. Products dont break on their own, and when they do, the price of repairs is usually lower than what youd spend on an extended warranty. Sure, some people have saved a lot of money with extended warranties.
What are the disadvantages of an extended warranty?
Con: They Are More Expensive When Purchased Later The best prices, though, are when the vehicle is new. In addition, with a few miles on the odometer, you will command a top deal. For new cars, the service contract will not kick in for several years, usually near the time the original warranty expires.
