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Is it Worth It to Buy a Used Car with a Warranty?

Buy a Used Car A used car can serve you as well as a new car if you take good care of it. Getting a used vehicle with a warranty can give you a good lifeline in case an unexpected breakdown occurs. Some vehicles may still have factory warranties when you buy them. Others may have a used car warranty ready for transfer to the new owner’s name.

Having this type of warranty can help with the repair costs if ever the car breaks down. Some used car sellers will persuade you to purchase an extended car warranty to complete the purchase. It is not advisable to buy this warranty if the factory warranty is still active. You can buy an extended car warranty when the factory warranty ends.

Below are some of the reasons why buying a used car with a warranty can make the effort
worth it.

Gives You Peace of Mind

Buying a used car with a warranty is a good way to start your car ownership. This type of warranty can give you peace of mind whenever you leave your home and drive your car. A factory warranty will cover the approved repairs. This can help you save money. When this warranty ends, you can get an extended car warranty from a third-party provider.

You can get any type of extended car warranty based on your budget. A comprehensive car warranty can prevent you from being stranded anywhere. During a breakdown, you can call your provider. Then, the company will send a towing crew to bring you and your vehicle to the nearest recognized repair shop. The mechanic can call your provider about the repairs. Once approved, the company will pay for the repairs upfront.

Sometimes, repairs can take longer than a few hours. A comprehensive extended car warranty can cover your food, lodging, and even car rental fees while your car goes through the repairs. This makes the crisis easier to face, especially when it comes to finances. The high deductible will be worth it.

Helps Maintain Your Monthly Budget

An extended car warranty can help maintain your monthly budget. This coverage gives you a predictable budget for your car repairs. You know how much your provider will cover and how much you need to pay out-of-pocket. It will not disrupt your budget at all. Choosing a comprehensive extended warranty will need higher monthly premiums, but this coverage will save you from paying from your own pocket for your car’s repairs. It will cover almost any type of repair. This type of warranty can relieve the stress of financial strain due to serious car repairs. A reliable provider can help you maintain your financial stability.

Helps Provide the Right Type of Repairs and Parts

Modern cars tend to become increasingly advanced. They have complicated functions and parts. Unfortunately, these advancements also make these cars prone to breakdowns. Extended car warranty coverage can help provide the right care for your car. Your warranty company will see to it that your car gets the right treatment from the right repair shop.

Your provider has a list of acknowledged repair shops. The company has assessed the shops and technicians. You will feel better knowing that you will be leaving your car with capable and knowledgeable car professionals. This warranty can save you from highly expensive repairs.

Buy a Used Car Increases Your Car’s Value

Having an extended car warranty can maintain and even increase the value of your car. This is an advantage when it comes to maintaining your car’s good condition. You can be sure that your car’s value can increase with the proper care it receives. This will be an advantage if you decide to resell or trade-in your vehicle. An extended car warranty is also transferrable. This will be an attractive feature for the possible buyer.

Makes Paperwork and Payments Easy

Buying an extended car warranty is easy and quick. Bringing your used car to the dealership or the third-party provider is all you need to do in most cases. The paperwork will be cleared for you. There will be no need to bring receipts. You can make the repayment with your card.

Enables Custom-fit Vehicle Protection

Providers of car warranties allow car owners to choose their plans based on their budget and needs. The repairs of an older car are different from those of a modern one. Covering technological systems, such as GPS and Bluetooth, will need higher premiums. A traditional vehicle can pay lower premiums because they do not need such advanced features.

Assures Constant Safety

Unexpected breakdowns will need immediate repairs or replacements. A ready and reliable extended car warranty can ensure the proper care that your vehicle needs. This can prevent more serious damages from developing. You can be sure to ride in a safe vehicle all the time.

Provides Good Customer Experience

A good extended warranty provider can give you access to knowledgeable and capable customer service agents. You can talk to them at any time. These agents have been trained to assist and guide you on technical issues. You can call them to clarify what the mechanic said about the car issue.

The authorized repair shops have technicians and mechanics with the skills to restore your car’s looks and functions. These professionals can explain the problem and the steps they will take to correct them. You can always be sure that the service your car gets is unmatched. The repairs will target the real problem. You can then bring a car home that is as good as new.

Purchasing the Right Extended Car Warranty Is Worth Every Penny

A used car can be the most important purchase you can make. It can be an even more valuable purchase if you get an extended car warranty for it. The mentioned benefits of this coverage can make your car ownership experience easier and more pleasant. Working with your provider can help you get the coverage you need based on your budget.

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Image 2: Image by Sven D on Unsplash

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Any facts, figures or references stated here are made by the author & don't reflect the endorsement of iU at all times unless otherwise drafted by official staff at iU. This article was first published here on 27th April 2022.

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