ones, not everyone is able to afford the higher price tags of new cars.
Thankfully, used cars are readily available as a cheaper alternative to new cars, but they may not always come with the protection provided by the manufacturer’s warranty. This means that should you find any fault or defect with your new purchase, you may not be able to return it to the car dealership that sold it to you for repair.
If you’re buying brand new wheels with a 100,000-mile manufacturer’s warranty, for example, you may not need an additional warranty, as you’ll enjoy the full benefit of the manufacturer’s warranty.
But if you’re getting yourself a used car that has covered more than 100,000 miles, buying an extended car warranty for cars over 100k miles may really come in handy.
2. How Do You Intend To Use Your Car?
How you intend to use your car has an impact on the decision as to whether or not you may require an extended car warranty.
If you’ll be using your car for short trips to and fro the office and around town, mileage will probably not suffer a lot and your manufacturer’s warranty may remain valid for a considerably long time.
If you’re going to use your car for long-distance travel, you’re probably going to cover the maximum mileage indicated in the vehicle owner’s manual earlier than projected. Hence, you may end up needing additional coverage much sooner than expected.
3. How Long Do You Intend to Use the Car?
Car makers typically indicate the warrantied period for cars as a specific length of time or mileage, whichever happens first.
As long as you use your vehicle within the warrantied period, you will enjoy the protection of the manufacturer’s warranty, so how long you plan to operate the vehicle matters a great deal.
If you don’t see yourself driving the vehicle you want to buy for the entire or remaining warranty period, perhaps because you plan to sell the vehicle by then, it may not make good financial sense to purchase additional coverage. This is because you will pay for something you’ll never benefit from.
On the other hand, if you’re buying a used car with an original warranty that is almost running out of time or mileage, it may be best to buy an extended car warranty for used cars.
What’s the Best Extended Car Warranty for You?
The best extended car warranty should be designed with the specific needs of your car in mind. It may not cover everything included in the original warranty, but it should at least cover major aspects of car repair.
Buy What You Really Need
Now that you know what to consider before spending on an extended car warranty, you should be able to make an informed decision on whether or not you need the extra coverage.
Before putting your money into what the car salespeople are offering you, it is important to understand what the warranty covers and what it doesn’t.
If you’re convinced that the warranty offers good value for money, you should purchase it. But if you don’t think you’re getting a good deal, you can always look somewhere else.