Consumers talk about auto warranties quite frequently, and it isn’t just people employed in the automotive industry. And while they are not some unheard of product, there still remains an air of mystery surrounding them. But what is it that we are unsure about? Well, we’re here to alert you that there is no “secret sauce” when it comes to an extended warranty, it’s just that some companies don’t openly talk about how their product works… or lack thereof. But not to worry, friends, we’re here to tell you all you need to know about warranties on used cars.
First off, let us state the obvious: A used car is not a brand-new item. We know, SHOCKING, right? And while a pre-owned vehicle may be new to you, it was most definitely used by another driver before your purchase. And while there are many services that can check the history of the car, it isn’t a crystal-clear look into the car’s history and how it was treated. Because of this uncertainty, many drivers purchase warranties on used cars.
Now, we get to the good stuff. As we promised earlier, we are going to reveal the so-called “little secrets” of the auto warranty industry. So sit back, relax, and get ready to get some fantastic tips.
5-Things You May Not Have Known about Warranties on Used Cars:
Cheaper than Dealership Plans: A dealer will always try to get add warranties on used cars to maximize their sales. These plans are marked-up in order to increase profits. Buying directly from a company like us can save you some serious cash.
Discounts are Available: You may think that you’re getting the very best price, but you might be able to get an even better one. There are actually quite a few discounts that are easy to qualify for, but you’ll never able to take advantage of them unless you ask. Find out about a few of them here.
$0 Deductible Plans Exist: Like your car insurance, when repairs are made through warranties on used cars, you are usually required to pay a deductible. It’s a mere $50 or $100 compared to a staggering $1,600 bill for a new transmission, but you can get it as low as $0. Here are a few tips to ensure you get the lowest possible.
Buy Early, Save Money: This one is kind of a given. The earlier you put coverage on your vehicle (or the lower the mileage), the cheaper your plan will be. Don’t wait until you’re paying twice as much, find out the best time buy your coverage and be a savvy shopper.
Newer Cars = Better Coverage: While you are not only saving money by buying sooner rather than later, you also qualify for the very best coverage. How can you say “no” to lower-priced, better coverage warranties on used cars?!
Want to know more information on Endurance coverage or other ingredients to extended coverage’s “secret sauce”? Leave us a comment in our comment box below or give us a call today!
*A Vehicle Service Contract (VSC) is often referred to as an “extended warranty”, but is not a warranty. A VSC does, however, provide repair coverage for your vehicle after the manufacturer’s warranty expires. A VSC is a contract between you and a VSC provider or administrator that states what is a covered repair and what is not. Endurance is an administrator of VSCs and does not sell warranties.*