If you're buying a used car, you may be considering extended warranty. Here's your guide on how to get the best price for extended warranty on a used car.
The difference between worry and warranty leaves a lot of room for negotiation. When you buy a used car you want to know it will work for a period of time. You need to get a return on both your investment and an assurance of your effort.
It is easy to be exhausted from negotiating the price of the car itself and not want to fight about a warranty. However, getting the best price for the extended warranty on a used car is important.
You want to protect the investment of the car and give yourself the peace of mind that locked in prices for servicing provides. You don't want to make a hasty decision in a pressured place and make poor choices.
So let's go through the elements that create a warranty price and what coverage to look for. Then you can make your warranty decision with confidence and facts.
Extended Warranty on a Used Car Checklist
One of the first pieces of information you need comes down to the difference between manufacturers and third party warranties.
Each of these warranty types carries different terminology and coverage. Typically, a manufacturer's warranty covers parts and repairs to the vehicle. Third party warranties provide a range of coverage.
This is why they third-party warranties are called extended warranties. Coverage under the best extended car warranty can include repairs and parts to components between the parts. Particularly the electronic and mechanical components which get ignored.
Once you know that you want an extended warranty it comes time to find a good price on one. The following list gives a bottom-line Do's and Don'ts to both look for the best price and to keep that money spent from being wasted.