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?
When shopping around for a warranty for your used car, look for these characteristics.
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.
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.
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.
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.
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.
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.
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.
-----
Sources
USA Today: http://www.usatoday.com/story/news/nation/2013/04/16/aaa-car-ownership-costs/2070397/
An extended car warranty—whether for a new or used car—can save you money on a vehicle’s expensive repair costs. Depending on your provider, different coverage plans allow you to customize your extended warranty to meet your needs.
Read Full ArticleHave you ever wondered if you should buy an extended warranty? Adding a protection plan to your vehicle may help you save money on costly repairs down the road.
Read Full ArticleA 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.
Read Full ArticleThe car warranty and insurance experts at CARCHEX have got you covered. Use our guide to know what to look for, what to avoid, and how to get the best price.
Read Full ArticleIf you own this timeless and luxurious vehicle, you want to be able to afford the necessary repairs and keep it in its best condition.
Read Full ArticleInterested in keeping your Chrysler repair costs down? Purchasing an extended warranty is a way to offset expensive repair bills once your factory warranty expires.
Read Full ArticleA BMW extended warranty keeps the money in your pocket instead of paying for costly repair bills.
Read Full ArticleA car warranty offsets the cost of repairing or replacing certain parts of your vehicle. It comes in handy if you’re not prepared to pay the cost of these fixes—especially if the repairs are hundreds or thousands of dollars.
Read Full ArticleFiat factory warranties are typically short lived, leaving owners unprotected against future vehicle repair and replacement costs. The vehicle protection specialists at CARCHEX can help you learn more about the most common Fiat issues, what is included in a basic Fiat…
Read Full Article