Hello! guys I hope that you all will be fine and doing good in your life. Today we will discuss about what will be the extended warranty cost of a used car.
Buying a used car can save you money compared to a new one, especially as car prices rise. However, used cars often don’t come with warranty protection since the original coverage has usually expired.
Luckily, you can still get an extended warranty cost of a used car to protect your car. Here’s a simple guide to understanding the cost and how to find the best deal.
- Tips to Get the Best Deal on an Extended Warranty
Tips to Get the Best Deal on an Extended Warranty
These are the tips of extended warranty cost of a used car:
Know Your Mileage:
Accurate odometer readings help providers give you the most precise pricing.
Use Your VIN:
Your Vehicle Identification Number (VIN) helps providers identify your car and offer the right coverage.
Ask About Discounts:
Many companies offer discounts you just need to ask!
Check Coverage Details:
Always review the fine print to know what’s covered, excluded and any limits on repairs.
Choose a Reliable Provider:
Reputable companies offer good coverage at competitive prices.
Read more: Best Used Cars for Families To Buy
How Much Does It Cost?
On average, an extended warranty cost for a used car costs $350 to $700 per year. Costs depend on:
Car’s Age & Mileage:
Older, high-mileage cars usually cost more to cover.
Car Type:
Luxury cars often have higher warranty costs due to expensive parts and repairs.
Deductible:
Lower deductibles mean higher upfront costs, while higher deductibles lower the total price.
After Paying Off the Warranty
Once you’ve paid off your extended warranty of a used car (either upfront or in monthly payments), you’re free from payments except for deductibles when repairs are needed. Some companies, like Endurance, even let you pay in 12–18 months with no extra fees.
Added Benefits:
With providers like Endurance, you can enjoy perks like:
- Roadside assistance
- Towing services
- Rental car reimbursement
- Coverage for routine maintenance
You also get a year of free Elite Benefits, including discounts on repairs, tire coverage, and more. Plus, Endurance plans are transferable, making your car more appealing if you sell it.
Is An Extended Car Warranty Worth It?
When you buy a new car, it usually comes with a manufacturer warranty. This warranty covers repairs for a set time, usually 3 to 7 years or up to a certain mileage. Once this warranty ends, the manufacturer may offer you an extended warranty to keep your car protected.
For used cars, dealerships might provide a short-term warranty or offer you an extended warranty after the initial coverage end.
AA Warranty provides an alternative to these manufacturer or dealer warranties. It helps cover the cost of expensive repairs, giving you peace of mind. They offer a simple process to get a personalized quote for your car’s extended warranty.
How to Buy an Extended Warranty with AA:
Flexible Options:
Choose coverage for 1, 2, or 3 years and set a claims limit starting at £500 per claim. You can make unlimited claims up to your car’s current market value.
Easy Quote Process:
Enter your car’s registration number, mileage, and details to get a tailored quote in minutes.
Affordable Payments:
Pay upfront or in 10 monthly installments. Coverage begins 14 days after purchase.
This straightforward approach makes protecting your car easy and affordable. Visit AA Warranty to get started today!
You can read about: How To Get Out Of A Car Loan Without Ruining Credit?
Cost Of An Extended Car Warranty From A Dealership
Type of Car:
Luxury and high-end vehicles cost more to cover because their repairs are expensive.
Age & Mileage:
Older cars or those with higher mileage are more likely to need repairs, so warranties for them tend to cost more.
Warranty Provider:
Dealerships often add a markup to their warranties, meaning there’s room to negotiate the price.
What car dealership has the longest warranty?
Car dealerships offering the longest warranties typically come from manufacturers that want to showcase their confidence in the reliability of their vehicles. As of now, Hyundai, Kia and Genesis are known for offering some of the longest standard warranties in the industry.
These brands provide a 10-year/100,000-mile powertrain warranty which covers the engine, transmission and other key components. This warranty applies to the original owner and is among the longest offered by any manufacturer. However, the comprehensive (or bumper-to-bumper) warranty which covers most other parts of the car is shorter, usually 5 years/60,000 miles.
It is worth noting that some luxury brands like Jaguar offer longer warranties for peace of mind such as their 5-year/60,000-mile new vehicle warranty, which includes roadside assistance.
Additionally, some dealerships or manufacturers offer optional extended warranties for an extra cost which can extend coverage beyond the standard warranty period.
When shopping for a car consider the warranty terms as part of your decision especially if you plan to keep the vehicle for many years. Always read the fine print as warranties often have exclusions and may not cover all repairs.
What is a good price for an extended car warranty?
The cost of an extended car warranty can vary based on factors like your car’s make, model, age, mileage, and the type of coverage you choose. Here’s a simple breakdown:
Average Cost: Most extended warranties cost between $1,000 and $3,000 for full coverage. Basic plans are cheaper, while high-end cars or more extensive coverage cost more.
Factors Affecting Price:
Car Age & Mileage:
Newer cars or those with low mileage have lower warranty costs.
Coverage Type:
Powertrain-only plans are cheaper than full bumper-to-bumper coverage.
Deductibles:
Lower deductibles mean higher upfront costs.
Provider:
Manufacturer, dealership, and third-party providers all have different prices.
Negotiation:
Dealership prices can often be negotiated.
Do Your Homework:
Compare prices, read reviews, and understand the coverage details to get the best deal.
Is It Worth It?:
Decide based on your car’s reliability and whether you can handle unexpected repair costs without coverage.
Negotiation:
Dealership prices can often be negotiated.
Do Your Homework:
Compare prices, read reviews, and understand the coverage details to get the best deal.
Is It Worth It?:
Decide based on your car’s reliability and whether you can handle unexpected repair costs without coverage.
FAQ’s:
How to calculate extended warranty price?
The cost of an extended warranty is usually a percentage of the product’s total price. A good rule is to avoid spending more than 30% of the product’s cost on a warranty. For example, if you buy AppleCare+ for an iPad and make one claim, the warranty ends up costing 36% of the iPad’s purchase price.
Which car has an unlimited warranty?
Honda Cars India has introduced a unique extended warranty program that provides unlimited kilometre coverage for up to seven years. This offer is available for petrol versions of their current models, including the Elevate, City, City e:HEV, and Amaze.