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Why Buy a Spare Car Key? If lose your car keys in the event of a theft, it could cost you money and time to purchase a new one. Modern keys are more difficult to replace, since they are equipped with transponder chips that have to be linked to the computer in your vehicle. A spare key can reduce the wear and wear and tear on the original key by allowing you to use it alternatively. Here are a few of the most compelling reasons to buy an extra key for your car: Cost Buying a spare