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Extended Warranties for Used Cars
A used car warranty brings a number of benefits. It can save you money in the long run on the seemingly never-ending cost to maintain a used car. It can eliminate a lot of the stress that comes along with sudden and unexpected repairs. It can even provide a boost to the car’s resale value should you choose to sell it.
But what do you look for in a used car warranty to ensure you’re making a good investment?
Defining a Good Used Car Warranty
When shopping around for a warranty for your used car, look for these characteristics.
Low price
It seems so obvious but too many people end up paying far more for car warranties than they should. Warranties sold at dealerships will typically be higher than those found by third-party providers. Take the time to shop around and see how much you can save.
Transferability
Some car warranties are transferable between owners and others are not. Having a warranty that can be transferred to a new owner can be an enticing selling point if you decide to sell your vehicle.
Cancellation freedom
A used car won’t last forever. Financial situations change. Whatever the reason, you may end up needing to cancel your car warranty, and among the more desirable plans are the ones with little to no penalty for termination.
Financing options
A car warranty can be a hefty upfront payment. But having the option of financing a warranty with a payment plan brings it even greater value.
Facility flexibility
Some car warranties restrict you to having your car serviced only within a particular network of repair shops. Look for one that allows for greater flexibility with service facilities.
Direct payment
Don’t settle for a warranty that requires you to wait around for a reimbursement of your repair expenses. Seek out one that pays claims directly to the provider.
CARCHEX Used Car Warranties
All of the above features can be found in the used car warranties sold at CARCHEX. CARCHEX is a marketplace listing car warranty plans for new and used cars from some of the leading providers in the industry. When you come to CARCHEX, you get to shop for the best used car warranties on the market all in one easy place.
Get a free quote today or call us toll free at 866-261-3457 and get the most value from your coverage.
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Sources
USA Today: http://www.usatoday.com/story/news/nation/2013/04/16/aaa-car-ownership-costs/2070397/
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