Deciding whether or not to buy an extended warranty requires an analysis of your driving needs, the length of time you plan to keep the vehicle and an assessment of how much benefit you will get from a service warranty. In an April 2014 article of Consumer Report on a 2013 survey on 2006 to 2010 model vehicles, respondents who bought an extended warranty were more likely have their auto maintained and repaired during the life of the policy than those without extended coverage.
Here are some reasons you should consider when determining the value of a Mopar Vehicle Protection warranty for your car, pickup or SUV.
1. Standard factory warranties can end at 36 months/36,000 miles. At that time, without an extended service warranty, the total repair bill will come out of your pocket. On the hand, extended warranty protection plans can take over when the standard warranty ends, saving you from unexpected breakdown expenses on extended service covered components.
2. Pay for reputable and trustworthy coverage from Mopar. When you purchased a factory-backed manufacturer’s extended service warranty from Mopar, you can be confident the terms of the warranty will be fulfilled. Mopar’s reputation is important to the company and its customers. Unlike many third party warranties that require you to pay repairs upfront and apply later for reimbursement of repairs from the warranty company, Also, when you have a genuine, factory backed Mopar extended warranty there is no wasted time getting quotes from different repair shops to obtain approval for the repairs. Mopar pays your dealer directly for the repairs and you simply pay the deductible of your chosen plan. The Consumer Report National Research Center survey also found that respondents who purchased automaker backed coverage were substantially more satisfied than those who bought extended coverage from a third party.
3. Comprehensive coverage protection based on your needs. Mopar offers Vehicle Protection Plans to suit your pocket book, mileage needs and the length of time you plan to own the vehicle. You choose from different levels of coverage -- Maximum Care covering more than 5,000 parts, Added Care Plus with coverage of 800-plus parts and Powertrain Care Plus covering more than 400 components -- for new, used and certified vehicles, in addition to Added Care plans with coverage of 650-plus parts for used vehicles. You also have a choice of deductibles -- $0, $100 and $200. It’s important to note, according to the Consumer Report survey, purchasers of so-called bumper-to-bumper coverage were more satisfied than buyer who purchased less comprehensive warranty plans.
4. Repair costs often exceed the cost a service warranty. As your vehicle ages, the cost of repairs can often surpass the original cost of the extended service warranty. Furthermore, Powertrain components, LEDs, high-tech electronic systems and other modern technologies used in today’s trucks, SUVs and cars are expensive to repair and require installation of original parts by qualified Mopar technicians.
5. Warranty extras ease frustration of unexpected breakdowns. An important part of Mopar Vehicle Protection Plans is the peace of mind you get from the Roadside Assistance services included the plans. Not only do the Mopar extended warranty plans this roadside services which cover emergency towing, battery jump starts, flat tire changes, lockouts and out-of-fuel delivery, Mopar Vehicle Protection Plans also provide rental assistance and trip allowance for lodging and meals while waiting for repairs when broke down more than 100 miles from home.
6. Coverage for all family vehicles, regardless of brand. Mopar also offers vehicle service warranty protection for most competitive makes and models. By covering all of your family’s vehicles with genuine Mopar Vehicle Protection Plans you can be sure of the warranty coverage because Mopar recommends repairs use original equipment parts installed by qualified competitive brand technicians. Vehicles requiring an inspection, however, must be inspected by a qualified Mopar service technician before a Mopar plan can be applied to such vehicles.
7. Warranty choice based on likely ownership of the vehicle. First, consider how long you usually keep your cars, trucks or SUVs. If your vehicle is new the extended warranty start date is the in-service date (the purchase date of the original owner). With this information in mind, multiply your estimate yearly driving mileage by the number of years you plan to keep the vehicle and add the result to the current mileage to determine which plan fits the length of your driving needs.
If your vehicle is used, the extended warranty start date is the day the plan is bought. Simply multiply your estimate yearly driving mileage by the number of years you plan to keep the vehicle to determine the right plan for you.
Finally, the most important thing is to wisely choose an extended warranty that will maximize the worth of the service plan in maintaining the value, safety and the reliability of your vehicle.