An extended warranty (also known as a vehicle service contract) is an optional plan that can be purchased to help pay for the cost of certain vehicle repairs. It usually begins when the manufacturer’s warranty expires. Most extended warranties do not cover the same amount of parts that the original manufacturer’s warranty covers, so make sure to understand what coverages the extended warranty provides before purchasing. Also, make sure to find a reputable company.
The biggest benefit of an extended warranty is that it can save money if your vehicle needs a costly repair that is covered under the extended warranty. Instead of paying the entire bill out of pocket, you will only be responsible for covering the deductible (if your extended warranty has one). It can also provide peace of mind as to how to pay for unexpected vehicle repairs.
Extended warranties are offered at MN First! They generally cost less than those offered at a dealership and can be purchased at any time. Contact us for more details about an extended warranty today!