Owning a car is not cheap. You spend thousands of dollars in just buying the car, but what about when your car breaks down after the initial factory warranty expires? It’s not a big deal to get small repairs done that cost a couple of dollars. But do you know that some repairs can cost you thousands of dollars?

Here are five of the most common repairs/replacements that can put a massive hole in your bank account if you don’t have an extended car warranty.

  • Camshaft Repair $1500 – $3000
    Camshaft operates the engine’s intake and exhaust valves, and if it stops working, it can damage your engine. It is expensive to replace because it involves a lot of labor, time, and effort, along with parts.
  • Head Gasket Repair – $2,000
    Head gasket is a seal in the engine that keeps coolant and oil separate to avoid mixing. It is costly to repair because it involves intensive labor and the price of a new gasket.
    It sometimes costs even more money, depending on the engine of your car.
  • Suspension Repair – $2,500-$3,500
    Car suspension keeps the ride smooth by absorbing shocks from the bumpy road; there are many parts involved in this function, and replacement of each one costs an immense amount. For example, shocks cost $1,400, and when we add auto repair shop costs for labor, this amount increases.
  • Catalytic converter replacement – $945 -$2475
    A catalytic converter is a part that uses complex chemistry to clean up the waste gasses leftover after the combustion process, fumes pass through its honeycomb structure, and a catalyst converts harmful emissions into not so harmful gases that are then emitted from the tailpipe of the car. The honeycomb is covered with rhodium, platinum, and palladium; that is what makes it a pricey component. It’s cost increases in modern vehicles where the catalytic converter is built inside the exhaust manifold.
  • Brake pads and rotor replacement $1,000
    Brake pads create friction on the rotor to slow down the wheels when you press the brake and stop the car. It is crucial to change brake pads at regular advised intervals; otherwise, it is expensive to replace if the rotor gets damaged.

Another repair that is not very common but can cost you a fortune is

  • Engine Replacement
    $4,000 – $5,000 To replace a typical 4-cylinder engine.
    $7,000-$10,000+ to replace V6, V8, or V10 engines.
    This cost is sometimes more than the cost of your vehicle!

Are you ready to pay these uncalled for bills? No?

What if you are planning your dream vacation and one of these repairs come up all of a sudden even when you’re driving a dependable Honda car? What if your college fee is due and your car breaks down? What if you are planning to give your wife her favorite piece of jewelry that you’ve been saving money for? What if you have been planning to give your child his/her favorite birthday present? How happy would you be to spend the money you saved for one of these things to get your car fixed?

There is an easy way out from this!

You can get an Extended Warranty for your vehicle and keep it protected for a more extended period.

Benefits of getting an extended warranty:

  • An extended warranty typically gives coverage for up to ten years, depending upon the provider and plan that you choose.
  • Coverage of costly and non-costly repairs.
  • 24/7 roadside assistance.
  • Car rental coverage.
  • Reasonable rates.
  • Great service.
  • Higher car resale value.

There are a lot of providers that offer extended car warranty. You can get an extended warranty for your car as per your requirements and budget. It would offer you peace of mind that your car is protected and you won’t have to worry about small and costly expenses for the car.