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Why Buy a Spare Car Key? If you lose your car key in the event of a theft, it could cost you time and money to purchase a new one. Modern keys are more difficult to replace, as they use transponder chip technology that has to be paired with a vehicle's computer. Having a spare can minimize the wear and tear on your original key by allowing you to use it alternatively. Here are the top reasons to buy an extra car key: Cost The purchase of a spare car key may appear to be a small cost however it