Is a Lifetime Engine Warranty really worth it?We would all love a Lifetime Engine Warranty for our used car, truck or SUV, but is it worth the cost of admission? Short answer... Depends. So many Dealerships are now offering all sorts of special incentives, programs, or offers to "hook" their customers into buying one of their vehicles. Although deals are abound, the average shopper still needs to practice the age-old "caveat emptor".
One of the newer, compelling programs is the Lifetime Engine Warranty. Some dealers charge extra for this additional engine protection, while other dealers include it in the price on all their qualified vehicles. Regardless of how it is offered, the added engine warranty can offer extra peace of mind.
Now is it for everyone? Probably not. If you are buying a new car, and always get rid of it before the factory warranty runs out, then don't bother. But, if you are planning of keeping your newly purchased vehicle for a very long time, or it already has lots of miles on it, then the Lifetime Engine Warranty may make a lot of sense.
I personally put extended warranties on all vehicles that I buy - typically for 7 years / 100,000 miles. We tend to keep our vehicles way beyond them getting paid off. The minimal, added cost to the monthly payments gives me the peace of mind that's absolutely worth it to me. A big plus is that there is no hesitation in taking the vehicle in for even the smallest repair. If it turns out to be something even bigger - no sweat. I'm covered.
The fact that a dealer automatically includes such a permanent warranty with the purchase of their vehicles says a lot about the dealer. Not many dealers offer this, but those that do just may have inspected their vehicles more throughly, and are more confident of their longevity.
However, as with most things, the devil is in the details. Most Lifetime Engine Warranties Do Not include all parts of the engine and/or transmission. They may or may not even cover the labor, which could account for over half the total cost of repair. Nor, may the warranty transfer with the sale or future trade-in of the vehicle. So, read over the coverage contract thoroughly to avoid surprises later.
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The Car Lot
6167 E. Speedway Blvd
Tucson, AZ 85712
(520) 882-9200
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