Hyundai Extended Warranty Options
Choosing the right type of extended coverage for your Hyundai vehicle
Hyundai has some of the most loyal customers in the world. In fact, Kelley Blue Book Guides have named Hyundai #1 in customer loyalty for 9 straight years. It’s no wonder: Hyundai has been a leader in the sedan market with its compact Elantra and mid-size Sonata models. Drivers love their quality interiors, focus on safety and excellent fuel efficiency. And that’s not even mentioning the well-appointed Santa Fe, the versatile mid-sized crossover SUV that consumers choose for its comfortable interior and third-row seat option.
Should I Purchase an Extended Warranty For my Hyundai?
Hyundai prides itself on offering what it calls “America’s Best Warranty,” and their 10-year, 100,000 mile powertrain protection is best in class. But the standard Hyundai bumper-to-bumper warranty only runs for 5 years, right when many costly engine systems are starting to show their age. When those coverage plans age out, Hyundai owners are going to want the security and peace of mind they have come to expect. Especially since Hyundais’ can be prone to a number of serious mechanical and electrical issues the longer they remain on the road.
In fact, J.D. Power gives Hyundai vehicles just a 3 out of 5 in all categories, from Overall Quality to Performance and Design to Dependability. And the latest CarMD Vehicle Health Index Make & Model Reliability Rankings do not have a single Hyundai model on their lists of The Most Reliable Makes or The Brands with the Lowest Average Repair Costs.
Diligent car owners know this means they need to make sure they have coverage to protect them from potential costly repair bills that may come their way. Read on as we break down the options to cover mechanical repairs on your Hyundai vehicle.
Types of Hyundai Extended Warranty
Hyundai offers three different in-house extended service plans, from a stripped down powertrain coverage plan to premium plans that cover most mechanical and electrical parts and systems on the vehicle. Hyundai also offers one-off plans for tire & wheel, dent, and windshield protection.
Why so many plans? Well, carmaker-branded service plans like Hyundai’s come at a premium. You’re paying for the name, over and above the actual repair costs. And with the multi-level plan structure, unless you’re willing to pay big bucks, you may not actually get the protection you really need.
On top of that, Hyundai dealer extended warranties limit the number of mechanics you can visit. For coverage to apply, you must take your vehicle to a Hyundai factory-trained technician who uses only approved parts. Such a measure helps Hyundai protect its brand, but it also vastly restricts mechanic options.
Third-Party Vehicle Service Contracts
What is a Vehicle Service Contract (VSC)?
A vehicle service contract is a form of coverage offered to supplement your manufacturer’s warranty. VSCs are sometimes mistakenly referred to as extended car warranties. The fact is a vehicle service contract doesn’t technically extend the coverage of your manufacturer’s warranty. A VSC is actually a new contract between the contract provider and the consumer. This means you can buy one at any time for your eligible vehicle, not just when the original warranty expires. As such, a more accurate label is vehicle service contract.
Is a Vehicle Service Contract Right for You?
For many car owners, third-party vehicle service contracts, like the ones offered by Toco Warranty, provide a more cost-effective alternative to dealer warranties. A vehicle service contract is the smart, affordable way to make sure you're protected when covered breakdowns occurs. Essentially, VSCs work the exact same way as your original new car factory coverage functioned, paying for the parts, labor, and taxes for any covered repairs if your vehicle should ever break down. The Benefits of a VSC Include:
- Simple claims process
- Ability to choose from a broad national network of repair shops
- 24-hour roadside assistance
- Discounts on car rental and hotel stays in covered conditions
- No down payment
- Low monthly payments
- Ability to cancel coverage at any time
Simple Claims Process
24-hour roadside assistance
No Down Payment
Low monthly payments
Ability to choose from a broad national network of repair shops
Ability to cancel coverage at any time
Save Money on Covered Repairs with a VSC
When you consider what a typical repair bill can look like for an aging vehicle, a Vehicle Service Contract starts to look like a pretty smart bet.
Average U. S. Repair Costs
|Vehicle Repair||Uncovered Cost||Cost with Toco VSC|
|Replace Transmission and
|Replace Transmission Assembly||$3980.92||$100|
|Replace Balance Shaft Gear||$3571.38||$100|
|Cylinder Compression Test||$2819.04||$100|
|Replace Cylinder Head Assembly||$2493.12||$100|
|Replace Catalytic Converter||$1190.18||$100|
|Replace Fuel Injectors||$467.01||$100|
And when you take into account the typical repair costs for many of the most common problems with vehicles as they age, the prospect of having no coverage looks risky indeed.
If you own a Hyundai vehicle that has aged out of its factory warranty, you might want to explore your vehicle service coverage options. For many drivers, a Vehicle Service Contract from Toco Warranty is the best way to ensure peace of mind when unexpected repairs occur.
While you may not be able to depend on a lifetime of trouble-free driving with your Hyundai, a Toco VSC can make sure that when breakdowns do happen, all your covered repairs are taken care of.
Hyundai is not affiliated with Toco Warranty Corp. and has not endorsed Toco Warranty products and services.