Getting an extended warranty for a new car is like getting extra security on any high-end electronic purchase. Getting an extended warranty for used cars should be no different, but most get stuck on the cost. Chances are you're buying used to get a good deal, but you won't know how good it is until much later.
A used car extended warranty is more like an extra insurance policy. The real warranty is what comes with the car by default. Extended warranties give you something to fall back on when that one expires or to cover more than basic repairs.
You can find extended warranties in two different categories: manufacturer and third party. The most common extended warranties will be from the dealership where you are buying your car. You can likewise purchase a third party extended warranty from various insurance agencies.
Let's take a closer look at these warranties and see if they are the right fit for your used car purchase.