Most used car warranties cover at a minimum all internally lubricated parts of the engine and transmission.
Some used car warranties will cover many other issues, and some do not.
Older cars with more mileage have a higher chance of needing a repair, and warranty costs have to take that into consideration.
Is an extended warranty on a used car worth it?
In general, we don’t recommend buying an extended warranty on a used car. Warranty companies are in business to make money, and they’ve usually done their homework. This means you’ll likely spend more on the warranty than any repair costs your car may accrue during the period when the warranty is valid.
What does a bumper to bumper warranty cover?
Most car dealers give you a bumper-to-bumper warranty that covers a new vehicle for three years. As the name states, this type of warranty covers (almost) everything between your vehicle’s front and back bumpers, meaning if your engine quits or oil starts leaking, you can take the car in for repairs at no charge.
How much is an extended warranty on a used car?
Typically, the average extended warranty for used cars cost ranges from $350-$700 per year, but every person and policy is different. Here are a few factors that help determine price: Age/Mileage– Typically, cars with a higher age or mileage will have higher prices. But this isn’t always the case.
Photo in the article by “Flickr”