If you’re like most people, you probably didn’t purchase an extended warranty when you bought your car.
But now that your original warranty has expired, you’re wondering if it’s possible to buy a warranty later on. The good news is that it is possible to purchase an extended warranty after you’ve already bought your car.
Here are a few things to consider if you’re considering purchasing an extended warranty for your car.
After you purchase and register your car, it immediately falls into the “used” category. And when it comes to used cars, an extended warranty can be an especially wise investment. That’s because a used car is more likely to experience unexpected repairs, due to wear and tear from its previous owner.
Extended warranties can help to cover the cost of these repairs, so you don’t have to worry about them breaking the bank.
Moreover, extended warranties are definitely available for used cars with over a hundred thousand miles. So if you’re in the market for a used car, or have one that has or is running out of a manufacturer’s warranty, be sure toGoing out To Find an Extended Warranty ask about extended warranty options.
They could end up saving you a lot of money in the long run.
Finding a Good Extended Warranty
It’s important to keep in mind that manufacturer-provided car warranties typically only cover manufacturing defects.
If you’re experiencing problems with your car that are due to normal wear and tear, a manufacturer warranty probably won’t cover those issues.
Also, if you’ve already had significant repairs done on your car, an extended warranty may not make sense since the chances of having more major problems are relatively low. It’s also a good idea to read the fine print carefully so you know exactly what is and isn’t covered. Remember that you don’t have to purchase an extended warranty from the same company that sold you your car. In fact, it’s often cheaper to buy an extended warranty from a third-party provider.
The cost of an extended warranty will vary depending on the make and model of your car, as well as its age and mileage.
In general, the newer and higher-mileage your car is, the more expensive the extended warranty will be.
Often warranty providers will tier their services based on milage and fair market value.
Another thing to keep in mind is that you may be able to get a better deal on an extended warranty if you purchase it through your dealership or third-party retailer, rather than directly from the manufacturer. It may be a good idea to shop around and compare prices from different companies. Finally, make sure to read the fine print on any extended warranty you’re considering, as there may be some conditions that you’re not aware of.
How Warranties Work
An extended warranty is basically an insurance policy for your car. You pay a premium, and in return, the warranty provider agrees to cover certain repairs or maintenance costs. In most cases, you’ll have to pay a deductible when you make a claim.
And it’s important to keep in mind that not all extended warranties are created equal. Some will cover a wider range of repairs than others. Also, some warranty providers will only cover repairs if they’re made at an authorized repair facility, while others will reimburse you for repairs made at any repair shop.
When to Buy an Extended Warranty
If you decide that an extended warranty makes sense for you, the next question is when to buy it. The best time to buy an extended warranty is usually when your original manufacturer’s warranty is about to expire.
This way, you can avoid any lapse in coverage. Keep in mind that you may be able to get a better deal on an extended warranty if you purchase it before your car reaches a certain age or mileage threshold.
Purchasing an extended warranty after you’ve already bought your car is definitely possible.
What Else Can a Warranty Do for Me and My Car?
Most auto warranties will also throw in some extra perks, like 24/7 roadside assistance, trip interruption coverage, and rental car reimbursement. If you do a lot of driving, or if you live in an area with unreliable public transportation, these extra benefits can be extremely valuable. Some extended warranty providers will also offer additional coverage options that you can add to your basic plan. These might include things like tire and wheel protection, paintless dent repair, key fob replacement, and more.
What Should I Do If My Car Has a Problem?
If you’re experiencing problems with your car, the first thing you should do is consult your owner’s manual.
Many common problems can be easily fixed without voiding your warranty. For example, if your check engine light is on, you might be able to simply go to your local auto parts store and ask an associate to read your vehicle’s engine codes.
It is an often overlooked service offered by many national and local auto parts stores.
Additionally, many auto manufacturers have online databases of common problems and their solutions, including engine code lists and their associated issues. These can be a great resource if you’re experiencing issues with your car.
If you’ve tried all of these things and you’re still having problems, the next step is to take your car to an authorized repair facility. The technicians there will be able to diagnose your problem and figure out if it’s covered by your warranty.
If the problems are serious and the repairs turn out to be expensive, an extended warranty could come to be useful.
An extended warranty can be a great way to protect yourself from expensive repairs down the road.
Going out To Find an Extended Warranty
Now that you understand the basics of when you can purchase an extended warranty for your vehicle, it’s time to decide if one is right for you. Like any other purchase, there are pros and cons to weigh before making a decision.
The best way to make an informed choice is to do your research and compare policies.
Once you have all the information, ask yourself these questions: How likely am I to need repairs or replacements?
What will the cost be if something goes wrong?
How much can I afford to spend on coverage? Answering these questions should help you determine whether an extended warranty is worth it for you.
If it seems like a good option, we recommend shopping around for the best policy and price.
Thanks for following along.
We hope this article was helpful!
And if you still have questions after reading this article, feel free to reach out to us – we would be happy to help!