Five Things You Should Know About Used Car Warranties

Buying a used vehicle is just as exciting as buying a new one, but it can be just as stressful, too. After choosing the make and model of the car you want, and then picking out the color, you must look at the warranty on your vehicle to ensure you’re getting a good deal on the car you’re buying. Unfortunately, this is where many people begin to feel stressed out. After all, who knows what the warranty should say? If you’re ready to purchase a used vehicle, keep reading. We’ll discuss what you need to know when buying a used car with a warranty, so you don’t walk into the dealership without understanding the process.

1. Look at the Buyers Guide

When looking at a used vehicle, you should be able to find the Buyers Guide in one of the windows in the car. The Buyers Guide tells potential customers whether the car has a warranty or if it’s being sold “as-is.” If the vehicle is being sold as-is, you’ll likely have to pay out of pocket for any repair the car needs. If a warranty covers the vehicle, there should be a place where you can see the percentage of repair costs the dealer is required to pay. Before you go to the dealership, check out your state’s laws about as-is sales because some places restrict the sales of used vehicles.

2. The Manufacturer’s Warranty

When you buy a used vehicle, there is a good chance the manufacturer’s warranty still covers the car. Look into the Buyers Guide and find the section that says, “systems covered/duration.” here, you should be able to find out whether the car is still covered under the manufacturer’s warranty. If there is a warranty still on the vehicle, ask the dealership for the documents associated with the car you’re interested in. Once you’ve found the used car warranty, contact the manufacturer to verify the warranty is accurate and still covers the vehicle.

3. Read the Details

A car that comes with a used car warranty could have limited coverage. When looking at the warranty, you should be able to see specifics about the vehicle’s service contract and who is responsible for the repairs. Make sure to read all the small print in the warranty and ask any questions that you have. Warranties can be a little tricky to understand, especially when third parties are involved, so make sure you know everything before you purchase anything.

4. What About an Extended Warranty?

According to Consumer Reports, extended warranties are an investment that gives car owners the peace of mind that their car is protected for a set period. Unfortunately, there are a couple of problems with extended warranties. First, people often spend more on coverage than they actually use on benefits. Also, they come with many restrictions that people tend to ignore. If you want to purchase an extended warranty, make sure you read the small print and understand what you’re reading before agreeing to anything.

5. There are Other Options

If you’re not ready to purchase a used vehicle that doesn’t come with a warranty, there are other things you can do to get a car. First, put some money aside to prepare for repairs. If you can pay for repairs, then the warranty doesn’t necessarily matter. Second, lease a car that comes with a warranty, so you don’t have to pay for repairs.

Purchasing a used vehicle can be stressful, especially with all the paperwork that needs to be done. If you can, buy a used car with a warranty, or risk paying some major money for repairs theviralnewj.

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