It can be tough to find an affordable used car warranty in the current economy.
Car dealerships are always looking to make a profit on warranties, and as a result, prices for these policies have skyrocketed in recent years. There are several practical and cost-effective ways to go about getting an extended warranty on your used car, truck, or SUV. In the following article, we will help you explore some of the best methods for finding an affordable used car warranty in 2022.
Why Not Use An Original Manufacturers Warranty?
Typically, a manufacturer’s warranty may be purchased through the original automobile manufacturer and protects you against defects for five years or 60,000 miles.
However. a typical dealership warranty covers certain repairs only and will end a few months after you purchase it.
It also ends after a certain number of miles or months, often quite limited mileage limits or time limits, which are not advantageous to the vehicle owner at all.
Particularly if you are planning to use your vehicle frequently or heavily, like for work for instance, often generating high mileage, more frequent maintenance demands, and a higher likelihood of damage to the vehicle.
For many people, this kind of warranty is too expensive and isn’t worth the extra cost. Further, many dealership warranties are only good for a couple of months and only cover so many repairs.
Why Choose An Affordable Extended Warranty For Your Used Vehicle This Year?
Alternatively, you can purchase an extended auto warranty from an independent auto warranty provider like Protect My Car.
With extended auto warranties for used vehicles which typically cost about $75-$250 annually on the low end and up to $2,000 to $2,500 annually on the high end.
This type of extended vehicle warranty provides coverage for repairs long after the original manufacturer’s warranty has expired.
It can be a great way to keep your vehicle protected against unexpected and expensive repairs down the road.
What’s more, many extended auto warranties come with roadside assistance and other perks that can be extremely helpful in the event of a breakdown or accident.
These kinds of extended warranties for vehicles can help protect your investment by helping you pay for unexpected repairs on or damage to your used vehicles over time.
What Are The Factors That Affect Used Car Warranty Rates And Terms?
The price of an extended warranty for a used car will vary depending on many factors.
Here are some of the things that can affect the cost:
The make and model of your vehicle:
Some cars are more expensive to repair than others.
For example, luxury cars or sports cars may have higher warranty rates because they often require more expensive parts and labor.
The age and mileage of your vehicle:
In general, the older and higher-mileage the car is, the more expensive the warranty will be.
This is because older cars are more likely to need repairs.
Your driving habits:
If you drive your car a lot or in difficult conditions (on dirt roads, in stop-and-go traffic, etc.), you may be seen as a higher risk to the warranty company and have to pay a higher rate.
Your prior claims history:
If you’ve made a lot of claims on your previous car warranties, you may be seen as a high-risk customer and have to pay a higher rate.
The coverage you choose:
The more comprehensive the coverage, the higher the price of the warranty will be.
For example, a powertrain warranty that covers just the engine and transmission may be less expensive than a bumper-to-bumper warranty that covers everything on the car.
How To Get The Best Deal On An Extended Car Warranty
There are a few things you can do while shopping online or calling around to make sure you’re getting the best deal on an extended warranty for your used car.
Here are some tips to help you get the best deal on an extended car warranty:
Shop around:
Get quotes from multiple companies to compare pricing and coverage.
Read the fine print:
Make sure you understand what’s covered and what’s not before you purchase a policy.
Don’t be afraid to negotiate:
Some companies may be willing to lower their rates if you bargain with them.
Consider a higher deductible:
A higher deductible can lower your overall costs. Just make sure you can afford the deducible if you need to use the warranty.
Buy it when you first get the car:
It’s typically cheaper to buy an extended warranty when you first purchase the car. The longer you wait, the more expensive it will be.
How To Check Out The Reputation Of A Potential Extended Auto Warranty Provider
Contact Your State’s Consumer Protection Agency:
One of the best ways to find an affordable used car warranty is to contact your state’s consumer protection agency.
These agencies are tasked with protecting consumers from unfair or deceptive business practices, and they can often provide helpful information about used car warranties.
In addition, many states have laws that require dealerships to provide certain warranties on used cars, so it’s worth checking to see if your state has such a law in place.
Check With The Better Business Bureau:
Another great method for finding an affordable used car warranty is to check with your local Better Business Bureau.
The BBB maintains a database of businesses, and they often have information about used car warranties.
In addition, the BBB can help you file a complaint if you feel that you’ve been misled or taken advantage of by a dealership.
Check The Auto Warranty Providers’ Reviews On Multiple Websites:
Finally, it’s always a good idea to check online reviews when considering any type of warranty.
There are many websites that allow consumers to post reviews of businesses, and this can be a great way to get an idea of what others have experienced.
If you see a lot of negative reviews about a particular dealership, it’s probably best to avoid doing business with them.
In Conclusion – Do Your Research Before Purchasing An Extended Warranty On Your Used Vehicle
When it comes to getting the best deal on an extended car warranty, it’s important to do your research, compare prices, and shop around before making a final decision.
By following these tips for finding the best used car extended warranty by Protect My Car, you should be able to find an affordable used car warranty without too much trouble.
By shopping around and considering a few different options, you can find a policy that fits your needs and budget.
About Protect My Car:
Used car warranties are changing the game.
Protect My Car is making a difference in the used car warranty market.
It is called The PMC Way.
With two key advantages that make us stand out in the extended vehicle warranty industry: Our top-of-the-line customer service team and our easy-to-use, in-house claims processing, we are setting a new standard.
PMC is different because we care about you from beginning to end.
No third parties, no running around.
Protect My Car is a vehicle service contract provider, also referred to as extended car warranty provider, with multiple coverage plans for new and used vehicles with low to higher mileage to help meet your needs and budget. Protect My Car customers work directly with the company for customer service, claims administration and contract financing. No middleman or the need for third-party approval. All Protect My Car Plans include best-in-class claims and customer support, 24/7 roadside assistance, free oil changes and tire rotations and the exclusive PMC Rewards Plan, providing daily deals, giveaways, coupons, and thousands of ways to save money every day. Protect My Car has a 30-day money-back guarantee.