Are Extended Warranties Worth It?

If you’re in the market for a new Lexus RX or you want to buy a used car, you might have the opportunity to purchase an extended warranty. Depending on your lifestyle and budget, extended warranties could be a smart option if you plan to keep your vehicle for many years and want the extra coverage for car repair costs and maintenance. Learn more about extended warranties, how they work, and what they cover, then reach out to the Rallye Lexus finance center if you have any questions in Port Washington.

What is an Extended Warranty?

An extended car warranty is extra warranty coverage you can add when you are financing your new or used vehicle. Here are some things to know about an extended warranty.

• This plan covers additional maintenance costs once your factory warranty has expired.
• Each plan is different, but if you are eligible for an extended warranty, you have the option to tack on extras such as towing or roadside assistance.
• An extended warranty is essentially an additional safety net if your powertrain warranty has ended and the need for a major repair arises, an extended warranty can help cover the cost.

Extended Warranties for New & Used Vehicles

Extended warranties are applicable to both new and used vehicles, but they work differently depending on the condition of the car. Whether you’re looking to tack on an extended warranty on a new or used car, here are some tips to consider for both:

New Vehicles

Consider how long you plan on keeping the vehicle. If you prefer keeping your vehicle for less than 10 years, then an extended warranty might not be worth it, since many modern vehicles are highly reliable, and normal warranty coverage might be enough for service plans. If you do plan on keeping the vehicle for 10+ years, then an extended warranty is certainly recommended.

Used Vehicles

With used vehicles your choice to add an extended warranty may depend on a number of factors, including the age, mileage, vehicle history, and reliability of the brand. Be sure to have the vehicle inspected and possible issues estimated. You should also consider how long you plan on having that used vehicle for before you decide. Once you purchase it, learn more about used vehicle coverage today.

Discuss All of Your Financing Options at Rallye Lexus

If you’re still unsure if you should choose an extended warranty, learn more about Lexus extended warranty costs and coverage, or contact your local authorized Lexus Center near Manhasset. If you feel ready to take the next step towards your vehicle purchase, use our tool to calculate your monthly car payments and get started towards taking home your favorite model!