Why You Should Buy an Auto Service Contract

Wondering Why You Should Buy an Auto Service Contract? We tell you in this post.
Photo by United States Marine Corps

When you purchase a new car, you may be offered the opportunity to also purchase an extended warranty. Although there are some benefits available with auto service contracts like those from Omega Autocare that are not included under new car warranties, many owners of new cars opt to take their chances until their warranty is about to expire. When you find yourself in this situation, here are some great reasons to get that auto service contract!

Car Repairs are Expensive

You may not have had to face this while your car was still under warranty, but the fact of the matter is that cars are very expensive to repair. Back in the day, you could do many basic repairs or “tune ups” yourself if you had a bit of knowledge, but those days are long gone. With the computerization of cars, even the simplest repair can be beyond the abilities of most people. Having a service contract in place takes the sting out of car repairs.

You Will Need to Make Repairs

Cars are made to last longer it seems, and their health can be extended with religious maintenance according to the manufacturer’s schedule, but the day will come when you will to do some major upkeep or replacement under the hood. When that is on the horizon you have three choices – sell the car, watch the car die a slow death, or make the necessary repairs and get years more use out of it. A good service contract can be the difference between getting those extra years out of your investment and being forced to sell the car because you can’t afford a major repair bill.

An Ounce of Prevention

Following on the previous point, regular servicing can help to defray the cost of major bills down the line, but catching issues when they are easily fixable and don’t require expensive rebuilds of your car’s major systems. Knowing that these smaller repairs may be covered by your contract makes you less likely to avoid the garage for fear of the bill. This allows you to get more years of reliable performance from your car.

Some people might prefer to roll the dice, thinking that they will be selling their car right after the warranty expires, or that they will take their chances that a mechanic will be able to do repairs for less than the cost of the auto service contract. This is the same logic that people use to justify going without home, health of other kinds of insurance. If you are lucky, you might indeed be able to beat the odds. However, knowing that the sometimes very high costs of repairing a car can happen at any time and can put an unacceptable burden on your family’s resources, it is important to make a careful evaluation of your financial situation and to consider what you would have to do if faced with a significant repair bill. Only then can you make an informed decision about purchasing an auto service contract.