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Understanding Car Warranties

Buying a used car provides you with a great opportunity to get a good deal. On the other hand, it’s a big investment that you might be hesitant to make without doing a little research and understanding how things work. You will probably want to find out what kind of warranties are available on any potential used cars you are looking at. Car warranties can come in a variety of different forms, which is why we’ve created the following article that details a few of the most common types. Warranties can protect you from a lot of the risk associated with purchasing a vehicle, which is why you should make sure your used car is under warranty when you spend your money!

Manufacturer’s Warranty

Every major car manufacturer will include a manufacturer’s warranty on the cars that they produce. The question you need to ask yourself if you are looking at used cars is whether or not the car still falls under the manufacturer’s warranty. The older the car is, the less likely that it is still covered under a manufacturer’s warranty. This type of warranty can be transferred between owners, which means if it was initially for three years and the original owner sells it after one year, there will still be two years left on the manufacturer’s warranty. There are a few types of manufacturer’s warranties like bumper to bumper, powertrain, and corrosion warranties to look into. Make sure you fully understand what is covered under a warranty before you make any big decisions.

Dealership Warranty

Depending on where you are purchasing your used car from, the dealer might offer a dealership warranty with your used car purchase. Some dealers will offer this, some will not, so make sure you ask them what is included in the purchase price before you sign on the dotted line. What exactly a dealership warranty covers will differ from dealer to dealer too, so read the fine print before you decide on anything! This type of warranty is typically not transferrable.

Extended Warranty

Extended warranties are great because they can be transferrable and can provide you added peace of mind on a used car. Extended warranties can add value to a used car and are a big perk to look out for and to factor into your decision. The last thing you want is to have to pay out of pocket for repairs and things that normally would be covered under warranty. It makes a lot of sense to ask about an extended warranty or pursue one if the manufacturer’s warranty is about to expire.

Car warranties are a nice perk to have, no matter would model car you purchase. Even the most reliable cars can break down. Things can get expensive quickly if you don’t have a warranty on your car and it does start to experience problems. We hope this article has helped you gain a better understanding of how car warranties work and why making sure your used car has one is such a great idea.