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.
USA Today: http://www.usatoday.com/story/news/nation/2013/04/16/aaa-car-ownership-costs/2070397/
The cost of an extended auto warranty will vary from person to person, based on the vehicle age, mileage and extent of coverage desired. Read more to find out what the average price range is for a good quality package,…Read Full Article
If you're looking for a used car warranty, you want to make sure you're shopping with the best extended warranty companies. But do you know how to identify a trustworthy source and how to spot a red flag? The car warranty…Read Full Article
Buying a used car can have certain advantages—savings in cost being the biggest. But buying a used car without a warranty or thorough inspection can be risky. Certified Pre-Owned (CPO) programs help put customers’ uncertainty and skepticism to rest in the buying…Read Full Article
Comparing the best used car warranty companies to find the right plan for your budget and driving habits will save you time, money, and trouble in the long run. To make it easy, we've done the research for you. Keep reading for: Features you should…Read Full Article
When you buy a used car, it's possible the original factory warranty will have already expired. If this is the case and you'e worried about having to pay unexpected maintenance and repair costs out-of-pocket, an extended vehicle protection plan can help.Read Full Article
When you buy a new car, it comes with a manufacturer’s warranty that covers most of the parts that might break down during the early years due to normal wear-and-tear. Even so, purchasing an extended vehicle protection plan is something…Read Full Article
Shopping for a car warranty is not much different than shopping for a car—you need to go in knowing what you can afford, what the best companies offer, how to spot a red flag, and how to find the plan…Read Full Article
As with any car manufacturer, your Ford's standard warranty agreement is limited—most last 3 years, or 36,000 miles (whichever occurs first). Make sure you know when your factory warranty expires, and what the stipulations of the agreement are. If you are worried that the level of protection…Read Full Article
Like any manufacturer's warranty, your Toyota's factory warranty has exceptions regarding what repairs are covered. As a car owner, it's important to know what your current auto warranty covers and for how long. If you're worried that the level of protection you're getting isn't enough—or know…Read Full Article