Why buy an extended warranty for your truck?
Buying an extended warranty for your truck has many advantages. Beyond peace of mind, an extended warranty offers crucial financial and operational protection for your business.
In fact, an extended warranty protects against unexpected repair costs when the basic warranty is no longer valid. Due to their intensive use, heavy trucks can be prone to costly breakdowns.
For example:
- – Engine and transmission repairs
- – Electrical and electronic problems
- – Cooling system failures
Without a warranty, these repairs can lead to exorbitant expenses. With an extended warranty, these costs can be spread over the duration of the coverage, easing the financial burden.
Also, heavy trucks with extended warranties can have a higher resale value. Potential buyers will be reassured by the extra protection on your vehicle, which can facilitate the sale and increase the selling price.
With an extended warranty, maintenance costs are more predictable, making budget planning easier. So you can allocate your resources more efficiently and avoid financial surprises.
The ultimate question: When to buy and why?
Buying an extended warranty when you buy your truck has a number of advantages:
- Warranty costs are often lower when included in the initial vehicle financing.
- Provides total long-term peace of mind, and above all protects you from forgetting to purchase your extended warranty before the end of the regular warranty period.
Buying an extended warranty before the end of the regular warranty period
Waiting until the end of the regular warranty period to purchase an extended warranty can be a viable option in case:
- It allows you to better assess the truck’s reliability and decide whether an extended warranty is necessary.
- It gives you time to plan and allocate funds for the purchase of the extended warranty.
Not buying an extended warranty
Choosing not to purchase an extended warranty may seem risky, but there are scenarios where it may make sense:
- If the company has a robust emergency fund for repairs, this may be enough to cover unexpected costs.
- For trucks used less intensively or benefiting from rigorous maintenance, breakdowns can be rare.
For more information on warranties, contact your sales representative or visit the following websites:
PACCAR
https://paccarpowertrain.com/resources/
CUMMINS