Car Warranty for $6 a Week

Car Warranty for $6 a Week 

When purchasing a used car many buyers focus primarily on the initial cost. However, what often gets overlooked is the long-term financial security that comes with investing in a Mechanical Protection Plan (MPP). This crucial add-on can provide peace of mind and potentially save you from costly repairs down the road. One of the most common assumptions people have is that they don't think they can afford to also purchase the Mechanical Protection Plan. Let us show you how it can be cheaper than you think and how you can't afford to NOT have it.  

The Cost Breakdown

Let's break down the numbers using a practical example:

• Car Price: $26,990 for a 2018 Mazda CX-5 GT.

• Loan Duration: 5 years (60 months).

Without a Mechanical Protection Plan

If you were to finance the Mazda CX-5 GT without any additional protection, your weekly payments might average around $141 over the course of a 5-year loan. This figure accounts for the principal loan amount, interest, and any other associated fees.

With a Mechanical Protection Plan

Now, consider adding a Mechanical Protection Plan to your loan package. Many people assume this will significantly increase their weekly payments, making it seem unaffordable. However, the reality is quite different.

By adding the MPP to your 5-year loan for the Mazda CX-5 GT, your weekly payment could increase to approximately $147. That's just a mere $6 per week more than without the plan. These prices are based on figures at time of publishing. 

The Benefits of a Mechanical Protection Plan

1. Coverage Against Unexpected Repairs: A used car, no matter how well-maintained, can still encounter mechanical issues. With an MPP, you're safeguarded against potentially expensive repairs that could arise from normal wear and tear.
2. Financial Security: Rather than facing a large, unexpected repair bill that could strain your budget, an MPP allows you to spread out the cost over time. This predictability can help you manage your finances more effectively.
   
3. Enhanced Resale Value: Having a well-documented history of regular maintenance and coverage under an MPP can increase the resale value of your vehicle. Prospective buyers often prefer cars with such protections, knowing they are less likely to encounter immediate repair expenses.
   

Affordable Peace of Mind

The misconception that a Mechanical Protection Plan is financially out of reach prevents many from considering this valuable investment. However, as demonstrated with the Mazda CX-5 GT example, the additional cost can be as little as $6 per week—a nominal amount compared to the potential savings and security it provides.

Conclusion

When purchasing a used car don't overlook the importance of a Mechanical Protection Plan. For just a few dollars more per week, you can protect yourself against unforeseen repairs and enjoy greater peace of mind throughout your ownership experience. It's an investment in both your vehicle and your financial stability that's well worth considering.

By understanding the true cost and benefits of an MPP, you can make an informed decision that ensures your used car ownership is as worry-free as possible.