Yes, you can get a warranty for a used car after buying the vehicle if you get the warranty from a third-party extended warranty company. It is possible to purchase an extended warranty after the manufacturer's warranty ends, but most modern car manufacturers have a clause requiring car owners to enroll in an extended warranty program before the manufacturer's warranty program ends. Buying the warranty when buying the car is easier, as you can include the cost in your monthly payment. And most warranties are transferable if you decide to sell.
Most extended dealer warranties usually allow you to include the cost of coverage in the price of the vehicle. While this may seem smart in theory, it will increase the total cost of the vehicle, causing you to pay interest on the policy and therefore increasing your monthly payment and the total cost of the vehicle. You don't need or should buy an extended warranty when you buy the car from a dealer.Instead, you can look for third-party warranty providers to find more cost-effective coverage that better protects your car. The only used cars that automatically come with a warranty are certified used vehicles (CPO).
In addition, there are cases where the manufacturer's warranty is still in effect for a used car that you buy. There are also some cases where a used car may be covered by an extended warranty purchased by a previous owner that can be transferred.The factory warranty is a guarantee that the dealer will help replace or repair any part of your vehicle that is defective after purchase. However, the factory warranty doesn't cover things like oil changes and regular maintenance. A factory warranty can still apply to a used car if it hasn't expired or if you purchase a certified second-hand warranty from the manufacturer.
In addition, some manufacturers offer extended warranties that you can purchase for vehicles that meet certain requirements.Buying coverage from a provider such as Endurance, CARCHEX or CarShield gives you more freedom and flexibility than buying from a dealer. Most third-party warranty providers allow you to purchase coverage for your vehicle at almost any time or mileage. Nor are you limited when it comes to repairs, as most suppliers allow you to take your vehicle to any authorized repair center. You can also purchase extended warranty coverage from the manufacturer, usually through a brand dealer.Most dealerships will offer you at least one powertrain warranty, which covers your engine, transmission, and driveshaft.
The manufacturer can also offer extended coverage through an independent administrator, which can offer you more coverage options and terms.You don't need to buy an extended car warranty at the same time as your used car. You can always buy an extended car warranty after researching your options to find coverage that fits your budget and is right for your vehicle.There are only six states in the country (New Jersey, New York, New Mexico, Minnesota, Massachusetts and Connecticut) that have laws on the use of used cars. While it's rare for a car not to need at least SOMETHING repaired while this coverage is in effect, drivers can be sure that the car manufacturer will cover the repair as long as the manufacturer's warranty is in effect.If you plan to keep your car until its wheels fall off, you might consider buying an extended warranty to cover repairs in the fifth and sixth year or more. You might want to consider a warranty that covers more than just the basics if you're planning to keep your car for a long time.Most companies will offer you coverage at any time on your property and will even offer extended warranties for a used car, as long as your vehicle meets company guidelines.
However, third-party warranty companies consider age and mileage as factors when offering extended warranty quotes for cars, which are typically higher on used cars than on new cars.In addition, all Endurance car protection plans also include free towing and roadside assistance services, as well as trip interruption coverage and vehicle rental reimbursement. PLUS, you can enjoy a whole year of Endurance Elite benefits.It may be worth buying a used car warranty from a dealer, although it's still worth considering all your options. If you keep or lease your car for less than the duration of the factory coverage, you don't repeat or need an extended warranty. Buying an extended warranty for a used car can be a good way to protect yourself against paying for expensive repairs, but it's not the right choice for everyone.CarShield offers a full suite of plans that targets a wide variety of audiences and covers a wide range of prices.
