What is an extended warranty?
An extended warranty is a protection policy on your vehicle and acts as a safeguard against expensive, unforeseen repairs.
Many feel that an extended warranty is worth the investment because it provides peace of mind and protection against expensive bills.
There are a few things you should take into account when considering purchasing an extended warranty.
Your vehicle’s age and mileage will affect your warranty price.
The type of warranty you purchase should be based on your driving habits and needs.
There are three main types of extended warranties: powertrain, bumper-to-bumper, and vehicle system-specific.
You can purchase an extended warranty anytime, but it is typically best to do so when your vehicle is still under the manufacturer’s warranty.
This way, you can take advantage of any coverage that may be included in the extended warranty.
An extended warranty can give you peace of mind and protection against expensive repairs, so it is worth considering if you want extra protection for your vehicle.
How Age and Mileage Affect Price
The age and mileage of your vehicle will affect the price of your warranty.
The older your car is, the more likely it is to need repairs.
This means an extended warranty for an older car will be more expensive than one for a newer car.
The same is true for mileage.
A car with many miles on it is more likely to need repairs than a car with fewer miles.
This means an extended warranty for a high-mileage car will be more expensive than a low-mileage vehicle.
How Used Can My Car Be?
You can purchase an extended warranty for a used car, but it will be more expensive than one for a new car.
This is because used cars are more likely to need repairs than new cars.
If you are considering an extended warranty for a used car, be sure to get a vehicle history report to check for any previous damage or repair needs.
If your car is broken or in disrepair, you will not be able to purchase an extended warranty.
You will need to repair the vehicle before you move forward with getting a warranty.
Warranty providers will often require an inspection report and photos of your vehicle before offering you coverage.
What Kinds of Extended Warranties Are There?
There are three main types of extended warranties: powertrain, bumper-to-bumper, and vehicle system-specific.
Powertrain warranties cover the engine, transmission, and other significant components of the car.
Bumper-to-bumper warranties cover almost everything on the car, excluding wear-and-tear items like brakes and tires.
Vehicle system-specific warranties cover specific systems of the car, like the electrical system or the air conditioning.
If My Car Is Old, Can I Still Get a Warranty?
An older vehicle will typically have a higher price for an extended warranty, but you can still get coverage.
However, this does not mean you cannot get a warranty for an older car.
You can still purchase an extended warranty, but it will be more expensive than if you had purchased it when the car was new.
Can I Purchase an Extended Warranty at Any Time?
You can purchase an extended warranty anytime, but it is typically best to do so when your vehicle is still under the manufacturer’s warranty.
This way, you can take advantage of any coverage that may be included in the extended warranty.
If you wait to purchase an extended warranty after your manufacturer’s warranty has expired, you will not be able to take advantage of any coverage that may have been included.
What Do Warranties Cover?
Warranties cover repairs to your vehicle.
They typically do not cover maintenance items, like oil changes or tire rotations.
However, some warranties may cover these items if required as part of a repair.
For example, if your car needs an engine oil change as part of a repair, the warranty may cover the cost of the oil change.
Warranties are, like anything else, separated by price and quality.
Warranties that cover more will be more expensive.
The best warranties on the market will cover far more than even a manufacturer’s warranty.
In some cases, the extended warranty can be so comprehensive that you never need to worry about any faults with your car.
How to Get a Warranty
If you want an extended warranty, you can contact your dealership or the manufacturer of your vehicle.
You can also purchase a warranty from a third-party provider.
Third-party providers are companies that specialize in selling warranties.
They typically have a wide range of coverage options, so you can find a policy that meets your needs.
When shopping for an extended warranty, compare the coverage and the price of the different policies.
It is also essential to read the fine print to understand what is and is not covered by the policy.
Selling Your Car with A Warranty
If you are selling your car, you may be able to sell the extended warranty along with it.
This can be a selling point for the car, as it will give the new owner peace of mind knowing that they are covered in case of any repairs.
You may also be able to charge a higher price for your vehicle with the addition of a warranty to the sale.
To do this, you will need to contact the warranty provider and transfer the coverage to the new owner.
There may be a fee for this, so check with the provider before you sell the car.
The Bottom Line
An extended warranty can give you peace of mind when driving your car.
Understanding the different types of warranties available and what they cover is essential.
You should also be aware of the age and mileage of your car, as these will impact the warranty price.
A warranty can cover used cars and old cars.
Please find out how much it will cost to protect your used car by checking with our quote tool at the top right of this page.
Thanks for reading!