- Used Car Warranties Are They Worth It
- Should I Get An Extended Car Warranty
- Used Car Warranty: Is Extended Coverage Worth It? (october 2023)
- Do I Need An Extended Car Warranty?
Used Car Warranties Are They Worth It – When purchasing a used car, you may have the option to purchase a used car warranty. But what exactly is included in a used car warranty? To find out what your warranty covers, first check to see if the manufacturer’s warranty still exists and is transferable or if an extended warranty is available. And calculate the potential costs before you sign a contract.
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Used Car Warranties Are They Worth It
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Should I Get An Extended Car Warranty
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If you’re looking to buy a used car, you’ll want to know what’s covered under warranty in case repairs are needed in the future.
New cars usually come with a manufacturer warranty. However, if you are buying a used car, it is important to find out if there is some kind of warranty and what the warranty covers. If it’s a warranty that requires you to purchase it separately, you’ll want to closely examine the warranty to see if it’s worth paying the extra money for.
Used Car Warranty: Is Extended Coverage Worth It? (october 2023)
“Used car warranty” means any type of warranty you may have for a used car, whether or not backed by the manufacturer or dealer.
Information about used car warranties can be found in the “Buyer’s Guide.” Dealers are required by Federal Trade Commission (FTC) regulations to display this on used vehicles sold. There is usually a buyer’s guide displayed on your car window.
The buyer’s guide will indicate whether the vehicle comes with a warranty or is sold “as is.” Buying a car in as-is means you might be out of luck if something goes wrong or you need to repair the car after driving it out of the lot. If your car comes with a warranty, your buyer’s guide should include what percentage of the repair costs the dealer will have to pay as part of the warranty (if you have to pay for all of the repairs).
Many states limit the vehicles that can be sold or have different rules for these types of sales. For example, if a used car sells for more than a certain price, as-is sales may not be permitted, and some states require different disclosures in buyer’s guides for as-is sales.
Extended Car Warranty: 2023 Guide
You can find and contact your state attorney general’s office to find out what the current sales rules apply to your state.
If the dealer’s buyer’s guide states that your car is covered by a warranty, but the contract states that it is being sold as is, the dealer must honor the terms of the buyer’s guide. Statements in the Buyer’s Guide take precedence over anything that may be contradictory in the Agreement with respect to warranty coverage.
If you purchase a used car directly from a private party, there is generally no need to post a buyer’s guide or provide a warranty. There may be an implied warranty, but you may not want to hang your hat on it. You must sign a written contract stating what coverage you agree to.
When you purchase a used car, chances are it will still be covered by the manufacturer’s warranty. You can find this in the “System Coverage/Term” section of the Buyer’s Guide.
Protect My Car Warranty Review (2023)
If you want to benefit from any warranties included, you need to know them and check if they are transferable. Ask your dealer for vehicle warranty documentation. You can review the coverage along with other details such as expiration date/mileage and then contact the manufacturer to ensure it is accurate.
Car manufacturers’ warranties often cover the first three years or 36,000 miles of the vehicle, but powertrain warranties may last longer.
The warranty should provide specifics about your vehicle’s service agreement and explain who is legally responsible for repairs. Before you buy a vehicle, look at the fine print, make sure you get all the details, and make sure all your questions are answered.
You’ll also want to make sure you know who you’re purchasing the warranty from, as in some cases dealers may sell contracts from third-party warranty companies. You can research a company’s auto warranty policy and BBB rating at the Better Business Bureau.
Is A Cpo Warranty Worth It On A Reliable Car?
Quick Facts Can I void my car warranty if I don’t contact the manufacturer or dealer for repairs?
The manufacturer or dealer cannot claim that your warranty is void because another repair shop performed work or maintenance on your vehicle. However, if the repair is free under warranty, the dealer or manufacturer may require you to use a specific repair facility.
When purchasing a used vehicle, you may have the option to purchase a service contract, also known as an extended warranty. With a service contract, the dealer agrees to perform or pay for certain repairs or services to your car. You can purchase insurance coverage at an additional cost.
Not sure about buying a used car that doesn’t come with a warranty? Think the warranty cost might not be worth it?
How To Make A Used Car Purchase In Today’s Economy
Set aside money for repairs. Having a little cash stashed away can help you deal with anything you have to deal with in the future. And if you don’t have anything to repair, you can keep saving money for your next car or use it for other purposes.
Lease a car. If you choose this route, your leased vehicle may come with a warranty that includes repairs. As a result, you may not have to worry about incurring large, unexpected expenses. Although car leasing has its pros and cons, it can be a cost-effective alternative to buying.
When purchasing a used car, check carefully whether a warranty is available, what type of warranty or service contract it is, and what it covers. If you don’t have a warranty, you’ll want to scrutinize the details to see if an extended warranty is the best option for your financial situation or if you can afford to pay for repairs without a warranty.
About the Author: Jackie Lam is an L.A.-based money writer with a passion for helping creatives with their finances and fostering community among entrepreneurs. Her clients include Fortune 500 companies and FinTech startups. Learn more. Editor’s note: This content was researched and produced by ‘s expert review team. Links in this article may earn us a commission, but this does not influence our advice or recommendations. Learn more
Do I Need An Extended Car Warranty?
CARCHEX, CarShield, Omega Auto Care, Endurance and Toco are the best used car warranty companies in the industry, according to a 2023 industry-wide study.
Written by: Brogan Woodburn Written by: Brogan Woodburn Senior Writer Brogan is a senior writer based in Central Oregon. He produces in-depth automotive product guides on topics ranging from car warranties and insurance to tips on how to sell your car.
Used car warranty companies promise to cover repair costs as your car ages, but not all companies deliver on that promise equally. That’s why our review team spent more than 1,475 hours researching dozens of companies through secret shopping, customer surveys, analyzing reviews, and comparing car warranty quotes.
In this article, we will reveal our recommendations for the best used car warranty companies. These providers offer the best extended car warranties due to their strong claims reputation and variety of coverage plans.
Are Used Car Warranties Worth It?
Best Extended Car Warranty Best Used Car Warranty CARCHEX Review CarShield Review Protect My Car Review Durability Warranty Review Extended Warranty Review for Cars Over 100,000 Miles
Best Coverage 4.6/5 Chosen by 82% of readers* who purchase coverage Cost: Multiple discounts available Coverage: 6 plan options, from routine maintenance to full coverage Reputation: Smooth claims experience as a direct provider
Best Monthly Payment 4.5/5 Cost: Flexible monthly contracts Coverage: 6 plan options, some lasting up to 300,000 miles Reputation: Most popular warranty provider
Best for Used Cars 4.4/5 Cost: No down payment required Coverage: 6 plan options, most similar to manufacturer warranty Reputation: Strong Better Business Bureau (BBB) rating
Used Car Powertrain Warranties Come With Many Catches
At , we are committed to providing car owners with the well-researched information they need to make the right decisions about their car warranties. Our editorial team consists of:
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