No matter what we buy, we never fail to keep a check on the warranty period. Often, we opt for such brands or companies that offer a longer warranty period than the other ones. The same goes for our cars. The valuable possession that is more a dream come true than a necessity for most, needs to be protected for a longer period of time always. However, most manufacturers provide the utmost warranty of 5 years. But what next?

Here come the extended car warranty benefits into play. In the country, extended warranties have earned extreme popularity and were reported to hit $23 billion in the year 2016. To understand such a craze, let us learn the extended car warranty benefits better:

1. Prevents a hole in your pocket
The moment you take your car down the road, you risk its damage, whether it is a minor dent or accidental damage, or any other malfunctioning in the car parts, the vehicle will need to be repaired sooner or later. One of the prime extended car warranty benefits is that you can get your car parts repaired free of cost even after the expiration of the manufacturer’s warranty; at a nominal annual fee. This ensures better protection and maintenance of the car and prevents creating a hole in your pocket.

2. Increased car value
Have you ever thought of the resale value of your car in the future? If not, then start thinking. Whenever we want to upgrade our car, we tend to resell the old one to reap its benefits. However, the value gets depreciated with time as the car suffers wear and tear. On the contrary, if it has got an additional warranty, the owner undoubtedly gets increased resale value. This is one of the prime extended car warranty benefits as it directly ensures better maintenance of the car and lesser chances of bearing undue repair costs in the future.

3. Better coverage
The extended car warranty benefits are not restricted to vehicles functioning under the manufacturer’s warranty. The owners can even extend their car’s warranty post expiration. However, this has to be done within a certain period of time. This is because the companies might not wish to take up the responsibility of such cars which have already faced multiple breakdowns post years of warranty expiration.

4. The vehicle can be kept for a longer period
Among the best benefits of an extended car warranty is that the owners can enjoy their favorite cars for a longer period of time. Most of the time, owners have to sell the cars when they start malfunctioning and repeated repairing becomes quite cumbersome. However, car parts under extended warranties can be easily repaired and replaced without any hassle, which means, the owners can enjoy riding their favorite cars without any stress for a long time.

5. No need to stress
Once we buy a car, we tend to over-stress about its condition only to keep it functioning like new, for years to come. This is possible if we opt for extended car warranty benefits, which takes the prime responsibility of our vehicles. This relieves the owners from taking undue stress and helps them enjoy the ride in a hassle-free way altogether.

Although extended car warranty benefits are lucrative, one must know that this can be availed for a certain monthly or yearly price in return.