How much does a Hyundai warranty extension cost?
Hyundai doesn’t list rates online, but according to our research, extending a factory warranty can cost between $350 and $750 each year of coverage. An extended warranty estimate must be requested directly from a Hyundai store.
Yes, Hyundai has protection plans, which are essentially extended warranties. It offers Powertrain, Platinum, and Gold plans with durations of up to 10 years or 100,000 miles. You must get a Hyundai extended warranty before your current one expires with less than 1,000 miles remaining on the clock.
A 10-year, 100,000-mile powertrain warranty is something Hyundai does offer. The engine, transmission, driving axle, transfer case, and turbocharger are all covered by this guarantee. Additionally, it only applies to CPO or original owner automobiles. A 5-year/60,000-mile powertrain warranty is provided to secondary buyers.
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Cost of the Hyundai Extended Warranty
For the most accurate price information on a Hyundai extended warranty, it is best to speak with your nearby Hyundai dealer. Your vehicle’s model, year, and previous coverage all affect price. Vehicle servicing contracts will cost between $350 and $700 each year, according to Endurance, a provider of extended warranties. However, dealership extended warranties are frequently more expensive than this.
Hyundai offers two deductible options for their auto service contracts: $0 and $100. Higher premiums are sometimes the outcome of selecting a lesser deductible. When you finance a vehicle with a warranty, Hyundai also provides a monthly payment option. We advise against doing this, though, as you’ll end up paying more in interest.
NEW AND USED VEHICLES COVERED BY HYUNDAI EXTENDED WARRANTY
Only brand-new Hyundai vehicles are eligible for that 10-year powertrain warranty, which leads the industry.
If you purchased a Hyundai used or pre-owned, your vehicle’s warranty was only valid for 5 to 8 years. Even while coverage is still offered for older vehicles, the parts covered are significantly more constrained.
This is only a norm in the field. Ford also engages in this. Automobile manufacturers will always be reluctant to continue offering the same degree of protection to used cars that have been driven before being sold, traded in, or resold.
Although your Hyundai may have a few more miles on it than a brand-new one, you can still have the same level of coverage, or one that is very similar to it. Additionally, it originates from reliable third-party insurance companies.
Some of you may know it as a “Extended Auto Warranty,” but it is officially referred to as a vehicle service contract or vehicle protection plan once you get coverage from an accredited independent provider.
The titles serve to set the coverage apart from a “warranty,” which suggests that the manufacturer or automaker is directly involved.
Although Hyundai provides America’s Best Warranty, no other automaker directly offers further extended coverage.
In essence, they ought to change it to “America’s Best Factory Warranty.” In any case, delivery is ultimately the duty of a third party.
Endurance is useful in circumstances like this. What’s best? We can provide you with an estimate right away and go over your coverage options in just a few minutes.
Hyundai doesn’t actually offer an extended warranty. Even dealers that provide such coverage will admit it isn’t from Hyundai directly.
Now that you’re interacting with your Hyundai dealer, you might feel more at ease, but there’s a catch.
To increase their profit, dealers may frequently up-charge you for the additional coverage (supplied by a third party) that they sell you.
These additional revenue sources are simple money for dealerships, and because they are frequently added to your payments, you end up paying more interest over time. It’s simple math to decide on a third-party provider to secure your car while also saving money both now and in the future.
Overview of the Hyundai Extended Warranty
For a maximum of 10 years/100,000 miles, Hyundai offers three tiers of extended warranty protection. Platinum, Gold, and Powertrain are the Hyundai extended warranty options.
With the exception of a few exclusions that are specifically specified, the Platinum plan offers exclusionary coverage for practically every part of your car. Gold is a mid-level plan, and Powerplant is dedicated completely on the powertrain of a Hyundai. Each plan offers deductibles of zero dollars and one hundred dollars.
Optional Hyundai Warranties
In addition to 10 years or 100,000 miles of engine maintenance coverage, the Hyundai Factory Warranty offers bumper-to-bumper protection for 5 years or 60,000 miles.
The engine warranty does not transfer to the second owner for free, but the Hyundai bumper-to-bumper warranty does.
5 Years | 60,000 Miles bumper to bumper 10 Years | 100,000 Miles Engine Warranty
For customers who desire coverage that extends beyond the engine’s first five years, Hyundai offers two extended warranty options: Platinum and Gold.
The engine, drive axle, transmission, temperature controls, shocks, fuel injectors, electronics, sensors, power seats, navigation, and audio are all covered by the Hyundai Platinum Extended Warranty.
Except for a few excluded wear items like body trim, windshield cracks, brake pads, manual clutches, and weather stripping, everything on the car is covered.
On first sight, the Hyundai Gold Plan appears to be alright, but the tiny print makes clear that many claims won’t be covered.
Given that the majority of claims will be paid without issue, the Platinum Plan is a better investment and worth the additional price.
The Gold Plan might be appropriate for an Accent base model, but not for a Sonata with all available options.
The complimentary 100,000-mile Hyundai Powertrain Warranty is not transferable to a subsequent owner.
The Platinum and Gold Extended Warranties, on the other hand, may be canceled for a prorated return when the car is sold to a dealership or are transferrable when the vehicle is sold privately.
The owner will be responsible for paying the deductible for any foreseeable repairs. Owners who prefer to pay less up front are given the option of the $100 copay.
However, given that it costs $250 more to buy and claims can be filed without a copayment, the $0 option is a better deal. Everything that costs less than $100 will be covered.
Genuine parts fitted by mechanics with manufacturer training can be found at Hyundai dealerships all across the country for repairs.
After purchasing a Hyundai, can you obtain an extended warranty?
Limited Time: You can only add an extended vehicle service contract when you buy a new Hyundai, unless you buy a certified pre-owned Hyundai. You won’t be able to acquire a service contract with the Hyundai name if you desire to safeguard your car after a few years of ownership.
Can I extend the auto warranty?
A dealership or a third-party warranty provider that specializes in extended vehicle protection are two places where you can get an extended warranty.
- Dealership extended warranties can be bought straight from an automaker or dealership. The fine print of some dealer warranties may prohibit you from using mechanics outside of their own facility. Additionally, they might demand that you only use OEM (original equipment manufacturer) components.
- To accommodate various needs and price ranges, third-party warranty providers provide a wide range of extended warranty alternatives. Vehicle protection plans and servicing agreements are available from providers like CARCHEX for many different vehicle makes and models.
Is Hyundai’s 10-year warranty still in effect?
10-Year/100,000-Mile We are dedicated to giving you the assurance and comfort that come from knowing your Hyundai was constructed with the utmost attention and quality. Because of this, we provide a 10-year/100,000-mile warranty on the batteries and system components in our hybrid, plug-in hybrid, and all-electric vehicles.
After it expires, is the warranty extendable?
After your manufacturer’s warranty expires, you can always buy an extended warranty. The majority of contemporary automakers do, however, have a provision requiring car owners to sign up for an extended warranty plan before the manufacturer’s warranty program expires.
If you insist on purchasing an extended warranty from the manufacturer, we advise signing up for it as soon as your factory warranty expires to avoid coverage gaps. You can always get an extended warranty when you buy the car, but doing so will require you to pay interest on a warranty that you won’t be able to use anytime soon. But if it’s a package deal that offers further discounts, go for it.
However, a third-party extended warranty is the best option if you want to always have the option to choose an extended warranty. As long as your vehicle complies with the company’s requirements, the majority of businesses will supply you with coverage at any point throughout your ownership and may even offer extended warranties for used cars. CarShield is one of the greatest alternatives.
Extended auto warranties are they negotiable?
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When buying a used automobile or wanting to extend the bumper-to-bumper coverage on a new car, consumers may find vehicle service contracts, often known as extended warranties, to be an alluring choice. These frequently come with the certified pre-owned vehicles that dealerships sell, along with a thorough inspection. (Learn how Honda is now certifying pre-owned vehicles that are 10 years old.)
No matter what kind they are, extended warranties are a long-term investment in financial security and peace of mind. But take note: According to a 2013 CR member poll, automobile owners often spent more for the coverage than they received in direct benefits. This shouldn’t come as a surprise considering how lucrative extended warranties are for those who sell them.
“Extended warranties are, in reality, pricey. People sell them because they can earn a lot of money in commissions from doing so “Dave Ramsey, a financial expert and host of a radio talk show, says. “I never advise purchasing extended warranties. You cannot afford the car if you cannot afford to fix it.”
Ramsey advises owners to establish a repair emergency fund that they can access as needed. And if the money isn’t required for repairs, it can be used to buy the next vehicle.
If you decide to get an extended warranty, keep in mind that you can haggle over the cost just like you did when buying the automobile.
Extended warranties could ease financial strain, especially for owners of devices from dubious brands. They are offered by dealerships, auto clubs, and insurance firms. The duration, scope, and cost of the plans might all vary. Because aftermarket programs have precise restrictions on what repairs are authorized and where the work can be done, the fine print really does matter.
According to AAA, the optimum time to get protection for newer vehicles is while they are still covered by the original manufacturing warranty. As a result, there is a wider range of extended coverage terms available and the price is kept low.
The finest coverage options for people driving used cars often apply to those with fewer than 80,000 miles on the odometer. The organization advises used-car buyers to take into account their projected time of ownership, annual mileage, and ability to pay for repairs out-of-pocket. The typical claim for AAA is $850.
A vehicle service contract is available through the national auto club that combines warranty defenses with add-on services like battery replacement, travel reimbursements, and rental-car coverage. According to AAA, 30 to 40% of its clients need at least one covered repair.
From a purely mathematical perspective, it makes more sense to forego the protection and concentrate on purchasing and properly maintaining a model with above-average anticipated reliability. Check our reliability ratings before purchasing a new or used car.
If you decide to acquire an extended warranty, make sure to do it from a reputable company, such as an automaker, and read the fine print. With extended warranties, there are frequently a lot of limitations on what is covered and where the car may be serviced.
There are a lot of robocalls promoting extended warranty services. We advise being wary of any unsolicited call that offers this type of security.