Reasons Why You Should Get An Extended Car Warranty

You’ve been enjoying your car’s manufacturer’s comprehensive car warranty for a few years now. Still, the time has come to say farewell to that guaranteed cover and make it by yourself. Just you and your trusty car, but is that wise? Budget offers an Extended Car Warranty, where you can enjoy up to two more years of unlimited cover on most mechanical and electrical components. Find out more. 

What is an extended warranty for cars?

An extended car warranty is an optional service contract provided by your insurer that covers the cost of certain mechanic repairs and maintenance beyond the original manufacturer’s warranty. Typically, a car’s original warranty covers the cost of repairs for a limited period or a specific number of kilometres driven. When the original warranty expires, an extended car warranty can be purchased to continue covering the cost of repairs and maintenance for an additional period. This is especially useful if you foresee a lot of wear and tear on your vehicle, travel long distances, or are on bad roads. 

Types of mechanical repairs covered by an extended warranty

Do you really need an Extended Car Warranty?

Yes, Budget Insurance recommends an extended car warranty considering the massive out-of-pocket costs[1] of a major repair might cost you. A budget-friendly monthly payment plan makes it totally worth it as a cost-effective alternative. You will receive an extra two years of comprehensive coverage for mechanical and electrical faults.

Types of repairs and maintenance covered by extended car warranties

The specific types of mechanical repairs covered by your extended car warranty will depend on the terms and conditions of the policy. However, an extended warranty typically covers engine components, transmission, suspension and electrical systems repairs, like:

• Fuel system repairs. This could include the fuel injectors, fuel pump and components
• Cooling system. This can include the radiator and water pump.
• Electrical systems, like the battery or starter
• Brake systems, like the brake pads and callipers
• Suspension, including the shocks
• Transmission repairs, like the transmission gears, clutch and torque converter
• Engine repairs, like the engine block cylinder, pistons and other internal components

4 Reasons to get the Extended Car Warranty 

Overall, an extended vehicle warranty can provide peace of mind against unexpected repairs-related costs. However, some great reasons to consider investing in this policy are:

1. Cover expensive repair costs. As your car gets older, the likelihood of mechanical failure increases. The extended car warranty can help cover the cost of these repairs.

2. Budgeting for repairs. An extended warranty can help you budget for repairs with a fixed monthly or annual cost. 

3. High-kilometre vehicles. If your car has a high kilometre, the extended warranty can help with the cost of wear and tear.

4. Cost-effective. It’s the smart way to protect both your vehicle and finances. 

How to qualify for an Extended Vehicle Warranty

To qualify for this policy, your car should have no more than 120 000 km on the clock, and the manufacturer’s warranty must still be in place. If it’s already expired, you’ll need to look at taking out a Pre-Owned Motor Warranty instead.

If you time it just right, you can get an extended warranty with Budget Insurance. Luckily, it’s easy to do. Just call us on 0861 11 25 64 to get your Extended Car Warranty in place so your car never misses a day of cover.

Budget’s Extended Warranty options

Our Better-Extend cover extends your manufacturer’s existing warranty and allows you to enjoy nearly the same level of cover you’ve had up until now.

We offer four tiers of cover depending on your car’s engine size. Each option offers the same level of unlimited cover for most components, except for your car’s engine, which starts at R50 000 in cover and goes up to R100 000. You can find out exactly which components our Better-Extend Warranties cover here.

Get an Extended Car Warranty from Budget Insurance 

Applying for an Extended Vehicle Warranty is the smart choice. Give yourself peace and mind and financial protection from unexpected costs, saving you money in the long run. Apply for a quote online for an Extended or Pre-owned Vehicle Warranty. 

Disclaimer: The information in this article is provided for informational purposes only and should not be construed as financial, legal, or medical advice.