If you’re looking to buy an electric vehicle, it might be worth your while to check out EV extended warranties. These warranties can provide peace of mind and help you avoid costly repairs after your manufacturer’s warranty expires. However, it’s important to research the company that offers an EV extended warranty before you sign up. You should look at how long they’ve been in business, their net worth, and their history of paying claims.
While EVs may not break down as frequently as traditional cars, they do have many complicated and expensive components. A battery, for example, can cost tens of thousands to replace or repair if something goes wrong with it. An EV extended warranty can save you money and stress if something happens to your car’s battery or any of its other essential systems.
Until recently, EV owners could only get an extended warranty Electric Car Extended Warranties from their manufacturer when they bought the car new. However, third-party companies have begun offering EV extended warranties to protect against expensive repairs after the manufacturer’s warranty expires. Some of these companies have even started to offer used EV extended warranties as well.
Some of these extended warranties are specific to the batteries of EVs, while others provide coverage for a variety of different issues. A typical warranty will cover the basic parts and labor of a repair for a certain period of time after the manufacturer’s warranty has expired. However, the warranties also include other perks that can make them worthwhile for EV owners.
For instance, some EV extended warranties will cover the cost of replacement parts for up to 10 years. This is a significant advantage over the standard eight-year factory warranty that most automakers offer on their EVs. In addition, some of these extended warranties also include roadside assistance and rental car reimbursement benefits.
Another benefit of these EV extended warranties is that they can often be transferred to the next owner of the vehicle. While some automakers require a transfer form to be filled out before the warranty can be transferred, most of them do so with ease. This is an excellent way to ensure that your EV stays in good condition and can continue to perform at its best.
The type of EV extended warranty you need will depend on your driving habits and your budget. If you’re going to drive your EV for a short period of time and plan on selling it shortly afterward, a warranty probably won’t be worth the expense. However, if you’re planning to keep your EV for the long haul and want to add resale value, an EV extended warranty might be just what you need.
It’s also important to consider whether you want a bumper-to-bumper or powertrain extended warranty for your EV. While a powertrain warranty covers the engine and transmission, it won’t usually cover wear-and-tear items such as brakes or wiper blades. Bumper-to-bumper warranties will, on the other hand, cover most mechanical and electrical parts in your EV.