Quick Answer: What kind of warranty should I get for a used car?

What is the typical warranty on a used car?

Used car warranties are much less predictable. The most typical arrangement is a 3-month/3000 mile warranty that covers only major components such as engine, transmission and rear end.

Is buying a warranty for a used car worth it?

In general, we don’t recommend buying an extended warranty on a used car. … This means you’ll likely spend more on the extended warranty — $3,000 or more, in some cases — than any repair costs your car may accrue during the period when the warranty stays valid.

What is the best car warranty you can get?

Top 5 reputable extended car warranty companies

Extended Warranty Provider Our Award Overall Rating
#1 Endurance Most Comprehensive Coverage 9.2
#2 Carchex Great Industry Reputation 8.6
#3 Protect My Car Most Maintenance Plans 8.5
#4 CarShield Most Affordable 8.4
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Are warranties for older cars worth it?

High-mileage warranties for older cars can be worth it if parts are expensive to replace or if you don’t have savings set aside for breakdowns. With an extended warranty for cars over 100k miles, you’ll just pay a deductible for any covered repairs.

What does a 90 day warranty cover on a used car?

The most common form of dealer warranty is the “90 day or 3,000 mile guarantee” which usually covers: Minor and major engine and drivetrain issues. Less often, coverage for power windows, air conditioning, and other accessories.

What does 3 year 36000 mile warranty mean?

Whether you are buying new or used, arguably the most important part of your warranty is how long it lasts. … For example, a “3-year/36,000 mile warranty” means that you are covered for three years from the date of purchase or 36,000 miles — whichever comes first.

Is bumper to bumper warranty worth it?

Bumper-to-bumper extended warranties are worth it in that they offer the ultimate peace of mind. With comprehensive coverage, you won’t have to worry about covering costly repairs as your vehicle ages. However, bumper-to-bumper protection plans are often the most expensive coverage options.

Why extended warranties are a waste of money?

Extended warranties are rarely worth your money. Products don’t break on their own, and when they do, the price of repairs is usually lower than what you’d spend on an extended warranty. … In most cases, it’s best to skip the extended warranty and use your extra cash to build up an emergency fund.

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What is a fair price for an extended car warranty?

What’s The Average Extended Car Warranty Cost? Based on our research, the average extended car warranty cost is about $2,550, though it can range from $1,000 to $4,500 or more depending on the plan.

Who has the best used car warranty?

9 Best Used Car Warranty Companies

Best Used Car Warranty Companies Award Our Rating
#1 CARCHEX Best For Used Cars 4.4 stars
#2 Endurance Best Coverage 4.6 stars
#3 Protect My Car Best Maintenance Benefits 4.3 stars
#4 CarShield Best Value 4.2 stars

Is CarShield or endurance better?

Endurance offers superior coverage at a lower cost than CarShield. For many customers, an Endurance auto warranty may be a better choice, especially given that Endurance warranty reviews are better, and Endurance offers more expansive benefits. AutoGuide reviewed the top car warranty companies to find the best.

Is Gap insurance a good idea?

If there is any time during which you owe more on your car than it is currently worth, gap insurance can definitely be worth the money. If you put down less than 20% on a car, you’re wise to get gap insurance at least for the first couple of years you own it. By then, you should owe less on the car than it is worth.

Can I buy an extended warranty on a used car after purchase?

It’s possible to purchase an extended warranty after the original one is done, but the costs might outweigh the benefits—consider how much you anticipate spending on routine maintenance and repairs, and compare those costs with the price of extending your OEM (or manufacturer) warranty.

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What does a 100 000-mile warranty cover?

10-Year / 100,000-Mile

Covers repair or replacement of powertrain components (i.e., selected engine and transmission/transaxle components), originally manufactured or installed by Hyundai that are defective in material or factory workmanship, under normal use and maintenance.

Is the 100000 mile warranty worth it?

Most dealership warranties expire well before your odometer reaches the 100,000-mile mark. To continue your coverage and peace of mind for even the most expensive repairs, consider getting an extended warranty for cars over 100,000 miles.