Should I Buy an Extended Warranty on a Used Car? | U.S. News

Nov 4, 2024 · An extended warranty – or vehicle service contract – is an optional plan that covers specific repair costs once the car’s warranty has lapsed (if it has one). Unlike the warranties included with new vehicles, these plans are purchased separately and can be obtained from …

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Jul 6, 2022 · Up to 8% cash back · If you are considering buying a used car that has under 140,000 miles and is a 2012 model or newer, get a free quote for one of our "extended car …

FAQs about Should I Buy an Extended Warranty on a Used Car? | U.S. News Coupon?

Do you need an extended warranty on a used car?

An extended warranty on used cars isn’t needed if the vehicle still has the manufacturer’s warranty. Consider used car warranties that exclude specific repairs rather than those that list what they will cover. Many people purchase extended warranties but never use the coverage. ...

Are extended car warranties legit?

When it comes to considering extended car warranties, it’s always best to opt for the manufacturer’s. Those plans are often the most legitimate and comprehensive, providing the best long-term coverage for your vehicle once the initial factory warranty expires or goes past its limits. ...

Should I buy an extended warranty?

If you do want to purchase an extended warranty, remember that the price can be negotiated, just like the purchase price for the car. Extended warranties may reduce financial stress, particularly for those who own models from unreliable brands. ...

How much does a used car extended warranty cost?

Added cost: A typical used car extended warranty will cost upward of $2,500 or more. Deductibles: Most third-party extended warranties require the owner to pay a deductible for covered repairs, with the warranty paying the difference. The deductible can run $50 to $300, sometimes more, depending on the vehicle. ...

Should I get an extended warranty from a dealership?

Ultimately, when deciding on an extended warranty from a dealership as opposed to a third party, check to see whether your vehicle is eligible for a dealer warranty. Also consider your budget, desired coverages and whether you prefer to have your vehicle serviced at a dealership or at a repair shop you choose. ...

Should you save money on an extended car warranty?

In some cases, it makes financial sense to save the money you would have spent on an extended warranty and put it in a savings account exclusively for future repairs. Think of it this way: Cost: The average extended auto warranty costs around $1,000 per year of bumper-to-bumper coverage. ...