Monday, April 14, 2008

Buying a Warranty for Used Cars - Part #2

Buying a Warranty for Used Cars... continued: Next, don't let anyone pressure you into signing on for an extended warranty before you're ready and you're sure you need one. An extended auto warranty is a contract which covers the cost of certain repairs and problems after the vehicle's factory warranty expires.

Before you consider any warranty, take a close look at your car's original warranty.
  • How much coverage is left? One year? Two years?
  • A thousand miles? Ten thousand miles?

For example, new cars from Acura, BMW, Cadillac, Volvo, Saab, Mercedes, Lincoln, Lexus and Jaguar are sold with four-year or 50,000-mile warranties. Cars from Infiniti have four-year or 60,000-mile warranties. However many, but not all ,factory warranties get transferred to used-car buyers at the time of purchase. So be sure to check.

Once you determine just how much warranty is left on your used vehicle, you'll need to think about how long you plan on keeping the car. Read our blog on Monday, February 12, 2007... Who should not buy an extended warranty?