Tesla owners often ask themselves : “Should I invest in an extended warranty? Is it REALLY worth it?
As EV adoption rises across Canada, Tesla’s vehicle prices continue to climb, and repair costs remain high. With these increasing expenses, securing an extended warranty is now more crucial than ever to protect your investment and prevent costly surprises.
With Tesla repair costs often exceeding those of traditional vehicles, choosing an extended warranty is about more than just cost savings, it’s about peace of mind. Let’s explore the value of Tesla’s original warranty, the benefits of extended coverage, and how it can provide long-term financial protection for Tesla owners.
Understanding Tesla’s Standard Regular Warranty
Tesla’s standard vehicle warranty typically covers new cars for 4 years or 50,000 miles (whichever comes first), with the battery and drive unit warrantied for 8 years. While this provides initial protection, the coverage eventually expires, leaving owners responsible for potentially expensive repair costs, and Tesla repairs aren’t cheap!
(Read more: Tesla Standard Coverage vs Extended Coverage Explained: What You Need to Know)
Why Tesla and EV Repairs Can Be Expensive
Tesla’s innovative technology, from its autopilot systems to advanced battery packs, can lead to repair bills that aren’t exactly budget-friendly. Unlike traditional vehicles, EVs rely on complex electrical systems and proprietary software, requiring specialized expertise and diagnostic tools for even routine maintenance. Across all EV brands, owners often face high repair costs, with some reporting thousands of dollars in expenses for seemingly minor issues, especially once the warranty expires.
As EVs age, early Tesla models may experience battery degradation and wear on specialized components. Older Teslas, in particular, have been known to develop issues with proprietary features such as retractable door handles, center consoles, and heat pumps. Additionally, frequent software updates can complicate diagnostics and repairs, making extended warranty coverage even more valuable to ensure long-term protection and cost predictability.
These repairs can be very expensive, which makes an extended warranty especially worthwhile. In many cases, a single repair can cost as much as — or even more than — a 5-year extended warranty. It’s a smart investment that’s hard to pass up.
How We Stand Out
At CBI & Finance, we pride ourselves on being your trusted partner in vehicle protection. We are Canada’s first and only provider of a 5-year extended warranty with unlimited mileage, designed exclusively for Tesla owners. But our coverage doesn’t stop there, we offer options for all electric vehicles (EVs), ensuring that every EV owner benefits from our superior protection.
- Unlimited Mileage Enjoy the freedom to drive as much as you want. Our warranty has no limits on the kilometers you can cover, whether you’re a frequent traveler or drive every day.
- Competitive Prices We offer competitive pricing to ensure you get the best value for your extended warranty.
- Comprehensive Coverage Our coverage extends up to 5 years after Tesla’s initial warranty ends. This includes repairs for high-tech components and labor costs, so you can drive with confidence knowing you’re covered.
- Flexibility Our extended warranty is fully transferable. This means if you decide to sell your vehicle, the warranty goes with it, adding resale value and making the sale easier.
- Peace of Mind With CBI & Finance’s strong reputation and backing from our trusted insurance provider, you can be sure of reliability and stability in the long run.
Part of the Tesla’s Owners Club? Get $100 Off your Extended Coverage
Being a proud member of the Tesla Owners Club comes with its perks! Enjoy an exclusive $100 discount on your extended coverage plan. It’s our way of recognizing your dedication to the Tesla community while ensuring your vehicle remains protected. Simply verify your membership to claim your discount.
How CBI Compares to Tesla’s Extended Warranty Offer
So…Is a Tesla Extended Coverage Worth It? YES, ABSOLUTELY!
When it comes to protecting your Tesla investment, the key factors are cost, coverage, and peace of mind. At CBI & Finance, we know EV owners need more than just a basic warranty, they need the best protection at the best value.
With CBI & Finance’s expertise and commitment to EV protection, the answer is clear: YES, ABSOLUTELY!
Drive with confidence and security, knowing you have the longest and most comprehensive coverage available.
Ready to Properly Secure Your Investment?
Call Serge Demers at 1(855)-217-2774 for more information, or Request a Free Quote on our website
