Discover the top 5 extended warranty providers for used cars and learn how these plans can save you money and provide peace of mind.
Discover the top 5 extended warranty providers for used cars and learn how these plans can save you money and provide peace of mind.
Get Instant Quotes and Buy Coverage Online From Leading Providers
New cars come with a factory warranty, which is often a huge draw-card when sourcing a car. Finding peace of mind when buying used is possible with a vehicle service contract.
Factory warranties protect the owner of a vehicle against factory defects or workmanship, or when components are below par. Usually, the manufacturer provides these warranties for a certain period.
A new car warranty is a big reason to buy a new vehicle. However, you can still find peace of mind when buying a used car.
Buying a used car might not automatically have a warranty. Some used cars have extended warranties. However, if you buy a used car, it likely won't have much coverage or any at all.
Discover your choices for extended warranties from the top 5 providers for used cars in the US today.
Understanding everything about car service contracts. Learn more about buying a car that has a warranty. Discover how to find the right extended warranty. Also, check out some smart tips.
Warranty reviews will put you on the right track - so will comparing coverage options side by side in one place. The Chaiz marketplace is a good place to start, where you can compare quotes and coverage plans.
Here are some of the top companies for extended warranties on used cars. This information comes from recent industry reviews and rankings.
Looking for pre-owned vehicles with some of the original manufacturer’s warranty ensures the guarantee is transferable. This is a simple, cost-saving option to get cover for a used vehicle. It might take some research, but might be worth it in the end.
Checking how much time and mileage left on the warranty is also important. This can vary between cars.
Taking full advantage of the original manufacturer’s guarantee is straightforward. There are no deductibles payable on factory warranties either.
Customers must pay deductibles upfront for vehicle protection plans once approved.
You can find the date of a vehicle history report on Carfax.com Warranty Check report if you are shopping for a used car at a dealership. If you are not too sure about a warranty, ask the dealership consultant for assistance.
Unlike a new car buyer in the US, choosing a high-mileage vehicle service contract or extended warranty will differ from cover with a new purchase.
You want powerful protection against repair costs. Look for flexible options for high-mileage vehicles. Choose a service provider with an excellent reputation for honoring repairs and claims.
Buying a certified used car (CPO) will give you the coverage you need. Certified pre-owned cars are usually a couple of years old and in good condition. These vehicles are commonly used commercially as fleet vehicles, where they are regularly serviced before returning to a dealership
CPO vehicles have been given a thorough inspection, have been refurbished where necessary and certified. This is either by a third-parties or by the original manufacturer.
These vehicles are usually low-mileage, newer-type model cars with extended warranty coverage. They have a reputation for being reliable.
CPO certification differs from one manufacturer to another. Franchised new car dealerships sell CPO vehicles with warranty coverage, typically reaching beyond bumper-to-bumper plans.
Sometimes, CPO cars have add-on perks like roadside assistance and tip interruption reimbursement.
These vehicle warranties either have deductibles or they have a zero deductible amount.
The two coverage options have a few similarities. However, there are distinct differences between the two coverage options.
The main differences between a vehicle service contract and CPO warranties are:
Expect to pay anything from a thousand to several thousand dollars, based on many factors, for an extended warranty.
Costs will depend on how long the contract is for and how many miles the vehicle. Costs also depend on the service provider and who administers the contract.
Another factor affecting the cost of your vehicle service contract is the deductible. As with all policies and insurance coverage, a higher deductible will lower the premiums. It’s important to have sufficient cash on hand to afford higher deductibles should your vehicle break down.
Getting quotes from multiple service providers before you decide will make a difference to your bottom line. Comparing quotes and buying coverage online is a straightforward and easy process.
Expect to pay from a thousand dollars to a few thousand dollars for extended cover. Cost depends on many factors.
Cars with odometer readings between 100,000 and 150,000 miles. Customers can expect to fork out between $60 and $230 depending on the type of contract, plan, and service provider. Over an 18-month period, this equates to about $1,000 and $4,200.
Many contracts range from $1,500 to $3,500 in total, but this depends on the specific plan and type of coverage.
Expect to pay around $350 to $700 annually (otherwise $30 to $60 a month).
Buying coverage for a high-mileage car depends on the cost of the plan, your budget, and the car. Are you disciplined sufficiently to save for that rainy day? These are all questions you need to ask yourself and only ones you can answer!
If the car in question has a history of regular and expensive repairs, it might be worth your while to get peace of mind with an extended warranty.
Cars best known for low maintenance and repairs, and reliability might not need additional vehicle coverage . You might feel it an unnecessary added expense for something you might never use.
An extended warranty is a predictable cost to factor into a monthly payment to cover unexpected high costs should you need to repair your car.
Car owners sufficiently disciplined to save for an emergency fund that can cover out-of-pocket expenses might feel that an extended warranty is not worth it.
Older second-hand vehicles and cars with high mileage on the odometer can still qualify for excellent coverage plans.
Source vehicle service contracts with add-ons that provide more than the original CPO or extended warranty.
