Why You Should Never Buy A Secondhand Vehicle Without An Extended Warranty

There's a very good reason that auto manufacturers only cover a vehicle's cost of repairs for a short period of time (usually between 3 and 5 years and 36-50,000 miles). That is because they foresee that after that period is when their vehicles are most likely to need major repairs.

Used vehicles are frequently almost or just outside of warranty

This makes them more likely to require a costly repair than in the event that they were new. So, when you purchase a vehicle at this point, it will cost you more to acquire the best level of coverage available. In lots of instances, Exclusionary Coverage might not be available at this point, regardless of how much you are prepared to spend on it. If it is, consider yourself lucky and take action accordingly! The only real time we recommended NOT buying the highest level of coverage you can find is if you are purchasing a bare-bones/economy vehicle that doesn't have items like air-conditioning, power windows, or power door locks.

If you can, get your vehicle "certified used"

This is actually the best situation to find yourself in. Whenever a vehicle is "certified", it undergoes an in depth manufacturer-certified inspection process after which the original factory warranty is extended for you. This is a lot better than when compared to a regular extended warranty service agreement. If you're not investing in a "certified used" vehicle, DON'T purchase an extended warranty from the dealership where you're getting the car.

Here's why:

You may think you are getting a really great deal, but unless you're buying a "certified-used" vehicle (also known as "certified pre-owned"), that ultra-cheap warranty you're being offered at your used car dealership is filled with restrictions that make it not worth the paper it's printed on.

In other instances, you can in reality be getting a decent warranty, but for 2-3 times more than what a quality warranty is meant to cost. This can be particularly true in the event the dealership finances your warranty with the cost of the automobile, because then you will end up paying interest on it too. Instead of buying your warranty from the dealership that's selling you the car, ALWAYS check for one from your vehicle's manufacturer online in addition to a reputable after-market source first. It can save you a lot of money and you'll end up with quality coverage.
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