Extended warranties for used cars

An extended warranty is a policy that provides protection to the car owner against mechanical failure and breakdown of the car. One should purchase an extended warranty as it pays for mechanical repairs at the expiration of the manufacturer’s warranty. Extended warranties for used cars are available; their rates depend on the mileage of the car.

Whenever you buy a used car, it is important to check if there is any time left on the car’s warranty. Warranties are generally transferable when a vehicle is sold, and the longer you stay on the warranty, the better for your peace of mind. While the used car extended warranty only covers half of the failures of high mileage cars, those with mileage over 60,000 km usually don’t get a used car extended warranty. Generally, used car extended warranties have little standardization. The most common used car extended warranty is the three-month/3000-mile warranty that covers only the major powertrain components (the engine, transmission or transaxle and rear end) of the car. Just remember that these warranties are usually one or the other, which means that the warranty ends when the time or mileage is exceeded, whichever comes first.

Whatever your used car extended warranty coverage, it’s important to be clear about the limits of your coverage, as some warranties tend to have more exclusions than inclusions in policies. Most used car extended warranties provide nationwide protection in the US and Canada. The car owner is free to take the vehicle anywhere for repair, and the cost of the repair is covered by the warranty. There is 24-hour coverage for roadside assistance, towing and rental car. Therefore, with a used car extended warranty, one need not worry about dead batteries and flat tires while on the road. However, before you buy a used car extended warranty and before you go to a dealership, it’s best to get free car warranty quotes online.

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