Luxury car ownership has its advantages and disadvantages. A higher-end vehicle has stellar features and excellent resell value.
But an expensive car comes with costly maintenance and repairs. You can broadly calculate annual running costs with a registration number through CarVeto check. Identify road tax costs, Co2 output, insurace grouping and detailed car history.
If you have a new car, you can rest easy because the manufacturer’s warranty is still in effect. An Audi warranty, for example, covers your new vehicle for 50,000 miles or four years, whichever comes first. Your factory warranty might have lapsed if you racked up mileage or owned your car for a relatively long period.
Extended warranties are aftermarket service contracts that cover repair and maintenance costs beyond the scope of manufacturer warranties. An extended service contract protects luxury vehicle owners like you from unexpected repair costs.
Here are some of the best extended car warranty options for luxury cars in 2022.
Luxury Car Brand Extended Warranty
Your luxury car manufacturer offers an extended warranty. There are several advantages to getting an extended service contract from your vehicle brand. The most compelling reason is getting genuine replacement parts from the manufacturer. With brand warranties, service centers that specialize in the brand’s models will handle your car. You can expect expert handling of your vehicle’s specific make and model.
The downside to manufacturer warranties is the lack of flexibility. You are limited to authorized service centers. These are often fewer in numbers than general repair facilities. BMW, for example, has less than 400 official service centers and dealers in the United States. If your car breaks down in the middle of a road trip, you might face difficulty getting it repaired near your home.
Third-party extended warranty providers offer flexibility. These companies have more options for repair shops and choices for coverage personalization.
Endurance
Endurance is a direct service provider, meaning they handle the claims in-house. What’s special about Endurance’s extended warranty is it covers high-mileage and older vehicles, with options for unlimited mileage and cars over 20 years old.
The company has six options for coverage, which means you can choose a plan that fits your use scenario and budget. The Secure Plan is Endurance’s basic plan, covering the repair of vital components with added perks such as rental car benefits. The Advantage Plan includes maintenance, covering unlimited miles. Supreme is the highest tier plan and includes top-level coverage with few exceptions and exclusions.
Because Endurance offers unlimited mileage and coverage for older vehicles, it is the best extended warranty option if you have a prized luxury car you plan on using for a long time.
CARCHEX
CARCHEX is the go-to extended car warranty provider when you need versatility. The company offers 25 different coverage levels, with add-on options for each plan. This allows you to choose the best fit for your specific needs.
The highest tier of protection that CARCHEX offers is the Titanium plan. It has the widest coverage, with similar inclusions as a manufacturer’s warranty. All the company’s warranties contain the Care plan by default. This includes 24/7 roadside assistance, rental car reimbursement, and trip interruption coverage.
Infinite Auto Protection
Infinite Auto Protection is a budget choice for luxury vehicle owners. The company offers basic extended warranties that are less pricey than their competitors but cover the essential parts to keep your car running.
Aside from being cost-friendly, Infinite Auto Protection is also one of the most flexible in terms of repair center options. All the company’s plans include towing, 24/7 roadside assistance, and rental car coverage.
CarShield
CarShield is a good option if your luxury car has modern electric parts vulnerable to breakage. The company has a specialty High Tech coverage. This covers more sophisticated electrical and computer systems, such as the engine control module, navigation/GPS, and more.
All CarShield contracts include roadside assistance, trip interruption coverage, and rental car reimbursement. CarShield is not a direct service provider but a service contract broker. This means that all the plans are handled by a separate company.
Protect My Car
Protect My Car is a solid choice if you are looking for an extended car warranty with maintenance coverage. The company’s Ambassador Plan covers tire rotations, oil changes, and more. It covers all vehicles regardless of mileage or age—perfect for owners of older luxury cars.
The downside of Protect My Car is it does not sell contracts in six states: Alaska, California, Hawaii, Missouri, Oklahoma, and Washington.
Luxury Requires Extended Care
To maintain the value of your luxury vehicle, you need to put in extra care. An extended warranty from the best providers ensures that any unexpected vehicle breakdown does not impact your finances tremendously. Make sure you read reviews and study each company’s contracts to ensure that you get the best care possible.
