Extended Warrenty, Protection Plan, or Service Contract Is It Worth The Cost?

Extended Warranty, Protection Plan, or Service Contract, there are many names for adding protection to your new or used car purchase. But, is buying an extended warranty right for you? We here at christensonchevy.com want to point out a few things to consider before making up your mind one way or the other.

Cars and trucks are certainly built better these days. They go farther and last longer than in years past. Cars of today are extremely high-tech and have safety, pollution, and efficiency systems that would leave engineers of just 15 or 20 years ago scratching their heads, But just like cars, warranties come in different shapes and sizes. With different levels of coverage, deductibles, and varying costs. We are not going to get into all that here. It’s too vast and it depends on which vehicle you choose. Those particular items are best to discuss with your Finance Manager. It is their job to know the differences and explain them.

In the interest of full disclosure, I myself believe in, and purchase, extended warranties. I cannot begin to understand and how to do the basic maintenance like oil changes or replacing brake pads, let alone having to dive into a diagnostic system on a car if there were an issue. So for me and my sanity, it’s worth the price. And that is probably the biggest factor to consider about extended warranties when making your decision. How much is your piece of mind worth?

Your purchase and driving habits will also have a major impact on whether you feel you want or need an extended warranty. So ask these questions to help decide if you should buy a warranty or not.

Are you are going to lease a new car, truck, or SUV? If you do the typical lease of 3 years / 36,000 miles or less, then you will be covered by the bumper to bumper limited warranty from the manufacturer. So you will not need to extend the warranty. If you are leasing for a longer term or higher miles, then it is a good idea to ask about extended warranty options. Typically, the cost is minimal, considering you probably won’t be driving that many more miles or longer term than the warranty that comes from the factory to begin with. So the already lower lease payments should still be low with the added protection.

How long of a loan will you have? When buying new or used vehicles, a great part about extended warranties is that, most of the time, they can be included in the financing of the car or truck. (Apply for financing from Christenson Chevy in Highland Indiana here) What’s great about this is, if it’s included, you’ll know what your monthly payment is and if any covered issues arise it won’t affect your wallet. On the other hand, without and extended warranty, if something unforeseen were to happen and you were past the manufacturer’s warranty, you would need to come up with the total cost of repairs out of your pocket at that time. Plus, you still need to make the regular vehicle payment. If you typically have money in savings or can come up with a chunk of money in a hurry, then you may want to skip the warranty. But myself, like most people, spend my paycheck as fast as it comes in. Plus, I don’t want to put the repairs on my credit card and pay the higher credit card interest if I don’t have to.

How long do you plan of keeping the car or truck? Whether you pay finance or pay cash, if you usually trade in every two or three years, then you probably do not need an extended warranty. Unless, you drive a lot of miles. But if you plan on keeping your car longer or even driving it till the wheels fall off, an extended warranty is certainly worth a look. Just one repair could be the cost of the warranty itself, not to mention if other issues occur. Again, if you are not worried about coming up with money for repairs, then skip the warranty. Just be aware of the risk with any vehicle.

If you are interested in a warranty, then there are two things you should have a rough idea of before you go to the dealer. How long you plan to own your new car and how many miles you typically drive. Extended warranties can cover up to 7 years / 100,000 miles. But if you don’t drive a lot of miles, say for example 7,000 or 8,000 miles a year, then you may want to extend the warranty to 7 years but with only 60,000 miles. Or using myself as an example, I drive about 20,000 miles a year. So I don’t need 7 years. I only need 5 years because I usually reach the 100,000 miles end point within 5 years. Choosing a warranty tailored to your driving habits helps to keep the cost down.

In the end what maters most is what I mentioned earlier. How much value do you place on your piece of mind. Purchasing an extended warranty is like taking out an insurance plan. You hope you never need it, but in my opinion, you’ll be glad to have it if you do.

If you have questions, please do not hesitate to stop in to our showroom at Christenson Chevrolet 9700 Indianapolis Blvd Highland, IN 46322 and one of our Finance Managers will be happy to help.

To see who we are and what Christenson Chevrolet in Highland Indiana has to offer, check us out at http://www.christensonchevy.com and follow us at http://www.facebook.com/christensonchevy or http://www.twitter.com/christensonchev

Thank you.

Jim Schroeder
Internet Sales Director
Christenson Chevrolet
9700 Indianapolis Blvd
Highland, IN 46322
(877) 946-8227


2014 Chevrolet Impala Quick Review Overview

The 2014 Impala, available at Christenson Chevrolet, is a huge leap in safety, styling, and technology over it’s predecessor.

Standard safety features include;

  • 10 Airbags to help protect every part of the Impala’s occupants. Most of you know about the usual six airbags. So lets explore the other four. Two protect the knees of the driver and front passenger. The other two protect the mid-section of the outboard passengers in the back seat. Combined with Impala’s safety cage, it;s like cruising down the road in bubble wrap. 🙂
  • Along with Anti-lock Brakes and Traction Control, the Impala also has StabiliTrak. This system automatically applies precise amounts of brake pressure at individual wheels and reduces the engine torque to help the driver keep the vehicle on track. For example, it’s a cold snowy day and the road has a hard right curve. Without StabiliTrak, you turn your wheel but the continue to go straight. This is called “Under-steer”. With StabiliTrak, the Impala knows you have the wheel turned and recognizes the start of under-steer. It then reduces the engine power and uses individual brakes to help keep your car on it’s intended path.

These are just two of the many safety features that are standard on the new Impala. There are also new safety options available as well. You can talk with one of our Chevy Sales Specialists for information about such options as

  • Adaptive Cruise Control
  • Rear Cross-Traffic Alert
  • Forward Collision Alert
  • Side Blind Zone Alert
  • Lane Departure Warning

The curves and lines of the new body are aggressive and upscale. With some inspiration from the Camaro. The new Impala is both sporty and elegant. With some of the highest praise in years coming from critics. Such as;

  • “envy-me exterior styling” Car & Driver
  • “arresting exterior design” Motor Trend
  • “it is sure to further blur the lines between luxury cars and mass-market vehicles” Wall Street Journal

I have mentioned some of the safety technology. But let’s look at a piece of tech that just about everyone interacts with in the car. The new available MyLink system is one of the biggest and easiest to use. It has three, that’s right 3, USB ports, an auxiliary jack, and an SD card slot. That’s a ton of options to get media to the 8″ control screen. Oh and one of those USB ports is behind the display that raises and lowers with the push of a button and is lockable. There is Bluetooth for wireless streaming of your music and voice recognition to listen to your commands. You can even customize the screen to set up your most used icons and apps.

All in all, the 2014 Impala is exactly what Chevy is striving for. Giving the consumer more than they expect. Check out our 2014 Impala inventory at www.christensonchevy.com or stop in our all new showroom for a closer look. We are at 9700 Indianapolis Blvd in Highland Indiana. Thank you.

Jim Schroeder
Internet Sales Director
Quick Links

Christenson Chevrolet’s First Auto Blog

Welcome to Christenson Chevy’s Auto Blog. We hope to answer your questions about servicing or buying a vehicle and hopfuly have a little fun while we do it.

For most people, a car will be the 2nd largest purchase in their lives. Choosing the right vehicle and properly maintaining it are crucial to your happiness with your car as well as your dealer. Topics will range from;

  • Buying versus leasing?
  • What type of oil should I use?
  • If I have an accident, are there warranty issues I need to know about?
  • Should I buy a new or used car?
  • Is it better to take the rebate or special financing?
  • How often should I change my oil?
  • How do I change my wiper blades?
  • What is a Chevy, Buick, or GMC Certified used vehicle?

And so much more. This is a work in progress and we have not figured out how often this blog will be published. Please check back often or “Like” our Facebook page for posts when a new blog is up. www.Facebook.com/christensonchevy

We will also review some of the latest features from Chevrolet that folks like you have questions about. Such as the MyLink Radio, Setting Up Bluetooth, and more. We may even post some in depth videos explaining how to use this great technology.

As always, we welcome your suggestions and questions. So please send them to me, Jim Schroeder, by filling out the form below the quick links at the end of this post.. We will only use your first name and city you live in for question credit if we use it. 

Thank you,
Jim Schroeder 
Internet Sales Director
Quick Links