Yes, you can get an extended warranty for an older car. The best used car warranty companies offer coverage for cars up to 20 years old or that have 200,000 miles on the odometer. Many companies consider older vehicles to be too big a liability. Some companies even use 10 years or 100,000 miles as a cut-off point.
This means that if your vehicle reaches any of these milestones, it will not qualify for coverage. Be sure to find out what your coverage limit is before choosing a company. When you buy a used vehicle, you may have the option of purchasing a service contract, also known as an extended warranty. With a service contract, the dealer agrees to perform or pay for certain car repairs or services.
You can purchase coverage for an additional cost. A high mileage vehicle is where extended car warranties make the most sense. Unlike new vehicles that mainly only suffer from factory defects, older vehicles can easily begin to show their age as miles accumulate. Extended warranties can reduce your costs and keep your vehicle running if repairs are needed quickly.
However, before making this purchase, please consider the pros, cons, coverage and pricing details of the extended warranty. Extended car warranties for vehicles over 100,000 miles work similarly to any other extended warranty that is actually a vehicle service contract. However, used car warranties usually require expensive upfront or monthly payments to keep you from paying for repairs you may never need. Some extended car warranties will have a flexibility advantage for covered auto repair shops, as well as additional reimbursement for car rental or towing services.
The broader warranties called defense-to-defense guarantees often cover all major vehicle systems, including electrical components, heating and cooling, safety features, high-tech parts and hybrid batteries. But for most drivers, extended car warranties are not used, so the potential benefits are not enough to justify the initial cost. For high-mileage vehicles, not all extended car warranties will work to keep your vehicle fully covered. Most people who purchase extended warranties for their used cars don't end up using the service, making it a waste of money.
Expanded car warranties are worthwhile if a driver does not have enough savings to pay for vehicle system repairs or if he is concerned about the reliability of his car. However, it is important to note that used car warranties are not worth their cost to most drivers, especially when compared to alternatives such as insurance against mechanical breakdowns. Many insurance companies also offer an alternative to extended warranties called mechanical breakdown insurance (MBI). In general, used car warranties cost more than regular extended warranties because used cars have more miles than new cars and are more likely to experience mechanical problems.
With extended warranties for cars over 100,000 miles, all you'll have to do is pay a deductible for any covered repairs. One reason is that regular maintenance is necessary to ensure that automotive warranties will not be voided. For high-mileage vehicles, American Auto Shield has some comprehensive plans that mimic butt defense guarantees, but many of them are limited to 100,000 miles or less. Most extended auto warranty companies offer several plans, from exclusive powertrain warranties to full coverage options similar to your car's factory warranty.
Auto warranties, also known as vehicle service contracts, are plans designed to pay for repairs to major components and systems of a car. .