Before you get talked into buying an extended warranty when you don’t even know what it is or if it will benefit you – just stop, and take a deep breath. Used car warranties can be tricky to figure out, but here’s what you really need to know. What is A Used Car Warranty? A used car warranty can be an extended warranty, which is a warranty that the car owner takes out after the original or manufacturer warranty has expired or in some cases like with a CPO, certified a pre-owned vehicle, it can still be the original warranty. (When in doubt, phone your car dealer and find out.) A car warranty, in case you didn’t know, is more or less a type of insurance that covers you as a car owner in the case where your car needs certain types of repairs done. A car warranty is usually valid for x years or x miles, there’s most likely a ‘whichever comes first’ clause in there somewhere. This is how it works; once you choose a car warranty you then pay a … [Read more...] about 6+ Things to Consider When Buying a Used Car Warranty 2019
Certified used car warranty
Certified used car survey lists highest, lowest prices
Mark Phelan Detroit Free Press Published 6:00 AM EST Nov 24, 2018 Getting a used car with a warranty is a good idea, but you should shop around just like when you choose the car itself. Nearly every automaker has a programs to inspect and guarantee aspects of used cars. They call them certified pre-owned, or CPO, programs. A new survey by the car-buying research site www.iseecars.com lists the brands and models with the lowest premiums for CPO coverage. “The average CPO vehicle costs 3.6 percent more than its non-CPO equivalent, and consumers are faced with deciding if the terms of the warranty and certification are worth the added cost,” said iSeeCars CEO Phong Ly. “However, certain models have significantly lower-than-average CPO premiums that can bring peace of mind to used car buyers for just a few hundred dollars more.” Nearly every automaker has a CPO program, and no two are alike. Shoppers should compare to get the best combination … [Read more...] about Certified used car survey lists highest, lowest prices
10 certified used cars offering peace of mind for the lowest premium
How much of a premium do you place on reliability? If you’re looking for additional assurance on a used-car purchase or a less expensive alternative to a new car, a certified preowned vehicle (CPO) may be for you. The benefits of buying a car that’s typically been inspected, reconditioned and given an extended warranty come with a higher price tag than a non-CPO car, but rankings from iSeeCars can point you in the direction of the lowest premiums. Analysis of more than a million used cars of the 2015 model-year onwards compared this cost difference. It uncovered a list of SUVs, pickups, sedans and one minivan with average premiums of just 1.6 to 2.1 percent on the price of their non-CPO equivalents, and which range from $291 to $813 extra in dollars. The Jeep Wrangler Unlimited, the four-door 4×4, offers the lowest average premium in percentage terms and is joined in the top 10 by other SUVs including the Nissan Rogue, Honda CR-V, Chevrolet Tahoe and Jeep Grand … [Read more...] about 10 certified used cars offering peace of mind for the lowest premium
Certified or approved used cars explained
The promise of premium used vehicles is an attractive one, but how do these plans work? Many car companies and their dealers have recognised the merits of offering 'certified' late-model used vehicles, billed as the best-of-the-best in the secondhand market.Aggregating programs of this type might be especially useful to people who don’t have a mechanically knowledgeable friend to help them look at potential used buys.These are used cars with good histories, subject to mechanical checks from brand mechanics, backed up by warranties if the transferable new-car coverage has lapsed.It’s not just premium brands such as Mercedes-Benz and Porsche offering programs of this sort. The likes of Toyota and Volkswagen also offer ‘certified’ used or pre-owned cars on their homepages, usually ex-company cars and trade-ins.Buying a late-model Corolla is pretty low-risk, so you may rightly baulk at cutting private sellers from your shortlist. But there's clearly merit in … [Read more...] about Certified or approved used cars explained
Edmunds: 7 things you may not know about new car warranties
Most of us know the new-car basic warranty, often referred to as the “bumper-to-bumper warranty,” is designed to protect the owner against any factory defects during the first few years of ownership. But did you know this coverage doesn’t actually apply to the bumpers? The vehicle’s bumpers are considered body panels and so aren’t covered. The basic warranty is just one kind of coverage that comes standard on a new car. Here’s an overview of new-car warranties and seven things you might not know about them: WARRANTY BASICS A new car comes with a basic or limited warranty, which covers everything except body panels, drivetrain components and wear-and-tear items such as brake pads, oil filters and wiper blades. It also comes with a drivetrain warranty, which covers most of the parts that make the car move, such as the engine, transmission, drive axles and driveshaft. Most carmakers provide roadside assistance. Some also offer free maintenance for a … [Read more...] about Edmunds: 7 things you may not know about new car warranties