Used Car Warranties

Today, we’re going to be talking about used car warranties. A used car warranty is an extended warranty that covers repairs to the major mechanical components of a used vehicle, such as the engine and transmission. A typical extended warranty only covers cars up to a certain number of miles, but some companies sell warranties for cars with more than 100,000 miles.

There are several different types of used car warranties. Bumper to bumper warranties, for example, cover all of a vehicle’s parts and systems. Powertrain warranties, on the other hand, cover everything that moves the vehicle, including the engine and transmission. Drivetrain warranties cover the powertrain components as well, but also exclude the engine. And corrosion warranties pay for any repairs related to rust damage. 

But there are some exclusions to used car warranties. They don’t cover regular maintenance, damage caused by normal wear and tear, or damage caused by a lack of maintenance. If you want to purchase an extended warranty for a used car, there are a few things to keep in mind. 

First, you should wait until the vehicle’s original warranty has expired. When you’re buying a used car, you can check to see if the warranty is still active by reading the buyer’s guide. You should also anticipate paying more for an extended warranty if your vehicle has more miles, since it’s more likely to have mechanical issues. 

Finally, you should shop around with multiple providers in order to find the best deal, just like you would for a car insurance policy. Since used car warranties can cost as much as $3,000, it’s not worth the cost for most drivers. If you’ve done your research on the car and feel confident that it’s still dependable, then you likely don’t need to purchase a warranty. But for some drivers, having an extended warranty is worth it just for the added peace of mind, especially if their car has a history of mechanical problems. Now that you know more about used car warranties, it’s time to start shopping for one. I hope you enjoyed this session on everything you need to know about Used Car Warranties. So always be sure to contact a professional before making any financial decisions.