So, you’re about to buy a new Subaru. You may be wondering: “Should I purchase an extended warranty?” Well, the answer to this question depends on various factors like which model you’re buying, your budget, and how far away a Subaru dealership is from your home. Continue reading to understand if purchasing an extended warranty for your new Subaru is a good decision.
Are car extended warranties worth it?
There are multiple warranties available for your new Subaru. First is the basic Subaru warranty which covers anything on the inside cover of the warranty and maintenance booklet for the first three years or 36,000 miles. The next is the limited power train warranty which covers the engine, engine block, oil and water pumps, timing belts, oil seals and gaskets, axle, propeller shaft, wheel bearings, torque converter and more. Basically, it covers anything that goes wrong with the heart of the car for 5 years or 60,000 miles, whichever comes first. The extended warranty goes even further than this with multiple plans that go all the way up to 10 years or 100,000 miles. These extended warranties cover parts, engine, all-wheel drive, transmission, and towing and car rental. The first thing you should consider is the cost of warranty. The next thing you should consider is the car that you’re purchasing. Some Subaru have a history of specific parts needing repair or maintenance. An extended warranty could be the smarter financial decision if one of these parts fails. Lastly, you should consider the convenience of the maintenance. A Subaru extended warranty means your car will be serviced at a Subaru dealership. If your nearest Subaru dealership is not convenient for your to get to, you may want to reconsider the extended warranty.
Does Subaru offer an extended warranty?
Yes, Subaru offers an extended warranty. The classic plan covers engine, all-wheel drive, and transmission problems as well as the towing/car rental after those problems. The classic plan can either cover your car for 8 years or 120,000 miles, or 10 years or 100,000 miles. There is also a Gold extended warranty plan. This warranty, in addition to those covered in the classic plan, covers air conditioning, electrical, steering, and suspension, breaks and more. The extended warranties not only cover the parts that fail, but also parts from normal wear and tear.
What is the average cost of an extended car warranty?
This is a difficult question to answer because not all warranties are created equal. Different warranties cover different things and every car manufacturer offers warranties at different prices. An extended car warranty can range from $500-$2,000 according to thedrive.com. Consumer Reports says the median cost of an extended warranty is $1,214.
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?Can I buy the extended warranty later?
Yes, you can buy an extended warranty after you purchase the vehicle. You can choose to purchase an extended warranty at a later date, but before your basic manufacturer warranty expires. You can even decide to purchase an extended warranty after the basic manufacturer warranty is up, but the price of the extended warranty will be considerably more expensive.
Can I buy an extended warranty on a used car after purchase?
Yes, you can buy an extended warranty for a used car as well! Whether or not you should purchase an extended warranty for your used car is a different question. Once again, this relies on multiple factors including the make and model of the car and its reputation for reliability. You also should consider the type of warranty you are purchasing. You want an extended warranty that is a reasonable price and one that is exclusionary, otherwise known as “bumper to bumper.” Consider purchasing an extended warranty for your used car after the manufacturer basic warranty has expired.
