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Why Buy a Spare Car Key? If you lose your car key, it could cost you money and time to purchase a new one. Modern keys are more difficult to replace, as they use transponder chip technology that has to be connected to a vehicle's computer. If you can utilize your spare key in a different manner, it can help reduce the wear and tear on your original. Here are the top reasons to purchase an extra car key: Cost A spare car key may seem like a minor investment, but it can save you money