Question: Is It Worth Buying The Hyundai Extended Warranty?

Is it worth to get extended car warranty?

This isn’t surprising, because extended warranties make a lot of money for those who sell them.

“On average, you’ll pay about $1,500 on an extended warranty, and the average repair is $180.

I don’t recommend buying extended warranties, ever.

If you can’t afford a $200 repair on a car, then you can’t afford the car.”.

Does Hyundai warranty cover second owner?

If a vehicle is sold within the coverage period of its 10-Year/100,000-mile limited powertrain warranty coverage, the subsequent owner will receive the majority of the same protections for up to 5-years or 60,000 miles, whichever comes first.

Does Hyundai offer an extended warranty?

Like most manufacturers, Hyundai offers a brand-backed vehicle service contract, or extended car warranty. The Hyundai extended warranty provides 10 years or 100,000 miles of protection. Hyundai’s extended protection is called the Hyundai Protection Plan Vehicle Service Contract (VSC).

Should I buy an extended warranty?

If you keep or lease your car for less than the length of your factory coverage, you do not — repeat, do not — need an extended warranty. If you plan on keeping your car until the wheels fall off, you might consider buying an extended warranty to cover repairs in the car’s fifth and sixth year or longer.

How do you negotiate a extended car warranty?

Negotiating an Extended Warranty Begin by getting quotes from at least two sources. Call local dealerships, speak with the finance and insurance managers, and ask what they charge for the extended warranty that you’re interested in buying.

Does AAA offer extended auto warranties?

The additional coverage of an extended warranty must be purchased in advance. … In addition, AAA members receive special benefits that include auto repair discounts, an extended 24-month/24,000-mile parts and labor warranty, and AAA assistance in resolving repair-related issues.

Why extended warranties are a waste of money?

Extended warranties are rarely worth your money. Products don’t break on their own, and when they do, the price of repairs is usually lower than what you’d spend on an extended warranty. Sure, some people have saved a lot of money with extended warranties.

Who has the best extended car warranty?

Our 10 Best Extended Car Warranty Companies10 Best Extended Warranty CompaniesSuperlative1EnduranceBest Overall2CARCHEXBest for Older Vehicles3CarShieldBest Prices4Protect My CarBest Maintenance Plans6 more rows•Jun 12, 2020

What is not covered by Hyundai warranty?

Though Hyundai offers generous coverage, its warranty exclusions are standard as far as factory warranties are concerned. Hyundai’s warranty does not cover: Regular maintenance (oil changes, cleaning, polishing, etc.) Regular maintenance items (wiper blades, brake pads, etc.)

Do Hyundai cars hold their value?

Hyundai’s resale value is best described as middle of the road; not the worst, but nothing to write home about either. The Hyundai Tuscon does finish above average at 5 and 7 years, and the Elantra is slightly ahead at year 7 as well.

Is Hyundai expensive to maintain?

According to YouGov, Hyundai ranks as the 13th most famous car maker, particularly favored by millennials, and is known for its affordability and reliability. … RepairPal puts the Hyundai maintenance cost at $468 per year, depending on vehicle age, mileage, location, and shop.

How does Hyundai warranty work for second owner?

Second and/or subsequent owners have powertrain components coverage under the 5-Year/60,000-Mile New Vehicle Limited Warranty. Excludes coverage for vehicles in commercial use (e.g., taxi, route delivery, delivery service, rental, etc.)

Can I get a refund on my extended car warranty?

You can cancel an extended warranty at any time and you’ll get a prorated refund for the unused portion of your policy. If the warranty was included in your loan, your car payment won’t drop, but you may pay off the car sooner after the refund is deducted from your balance.

How much does a Hyundai extended warranty cost?

It is determined by your vehicle and the plan you choose. According to extended warranty provider Endurance, on average, an extended car warranty will cost you between $350 and $750 per year. If you want to get a price on a Hyundai extended warranty, you’ll need to contact your dealer directly.

Is the Hyundai warranty worth it?

Is Hyundai’s Factory Warranty Worth It? It’s not quite America’s best warranty, but it’s hard not to like Hyundai’s long coverage periods. In fact, it’s one reason why the company consistently ranks near the top of warranty providers. Still, it’s difficult to justify a vehicle purchase on the warranty alone.