Buying an extended warranty for a used car

When the manufacturer’s warranty is going to expire ( usually this happens 3 years after the first purchase or when you reach 36000 miles, but some makes offer longer warranties ) we consider the purchase of an extended warranty.

Until the day your factory warranty expires you have no worries, in case something breaks the problem will be fixed by one of the manufacturer authorized repair locations, but from the day the warranty expires every single repair, be it small or expensive, is on you: you’ll have to pay to have anything fixed.

When we’re talking about minor repairs this isn’t a problem but when something expensive needs to be replaced or fixed the mechanic bill can be high.

Just imagine if you had to pay for a new engine, a new engine control unit or a new air conditioning system? Maybe you have no idea about how expensive such replacements can be, but we’re well over few hundreds of dollars, with many engines of sports cars, luxury cars and SUVs ranging above $10.000.

As if it wasn’t enough you obviously have to add labor cost, and you know that mechanics aren’t cheap today since they need to be properly trained to work on the always evolving technologies used in today’s cars.

An extended auto warranty will pay for any repairs your car might need after the factory warranty expires.

More and more people decide to get extended auto coverage because a single major breakdown would cost way more than the yearly premium you pay for this kind of coverage, moreover as we said before, repairs for newer cars tend to be more expensive because always newer technologies are involved, mechanics need to attend courses and buy expensive tools to troubleshoot and fix your car’s problems.

There are two ways to purchase an extended warranty:

At the dealership if you’re buying a used car.

This method is rather popular because often the buyer doesn’t know that there are cheaper options.

Buying an aftermarket auto warranty.

No doubt this is the smartest way to get extended coverage: you get the warranty directly from top warranty companies, you pay less because there are no middlemen ( the warranty sold by the dealership is one of these warranties resold to you at a price that can be increased up to 50% ) and, thanks to free comparison services, you can compare quotes from multiple warranty companies so you know you’re getting coverage at the best price on the market: moreover you don’t have the dealer’s pressure and you don’t need to decide in few minutes.

Comparing quotes from multiple companies is easy, free and can be done online: often you can take advantage of the support of a warranty expert that will call you and help you find the best rates and the best coverage for your car.

Click here to compare free extended warranty quotes!