Is getting a warranty on used car a good idea?
I’m looking to buy a used car , is getting a warranty a good idea in case it needs repairs? Or I should avoid doing this
- RAGHAVENDRANLv 410 months ago
Yes, but it is not easy though.
- AlCaponeLv 710 months ago
Take the money that you would spend on an extended warranty (with lots of exclusions) and put it in a bank account to use if you need repairs. If you never need repairs, guess who still has the money. Hint: NOT a warranty company.
- FLv 610 months ago
After market warranties are notorious for exclusions. It's just a type of insurance, if you need it you'll be glad you had it, but if nothig goes wrong , it's a lot of money you didn't need to pay. Personally, i think it's better to put money aside into a seperate account each month, to cover car repairs.
- 10 months ago
I think yes it is a good idea.
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- Anonymous10 months ago
- PearlLv 710 months ago
it might be if you'll need it later on
- jeffrey fLv 710 months ago
Yes it is, in case something breaks. A warranty costs less than most major repairs.
- Kid MohawkLv 610 months ago
Depending on the mileage, the car may come with certain warranties direct from the dealer. Anything outside of those is worth less than the paper they're printed on, as companies that sell warranties 2nd hand tend to be rather shady and difficult to deal with.
If the car is still under manufacturer warranty, then they may offer extensions for a small fee. Those are far more worth while.
Otherwise, simply have your mechanic give the vehicle a solid look over and make sure you check up on past reviews for the dealer, especially ones posted a few months following purchase where they're complaining about troubles getting the dealer to stick to their own warranty.
- regeruggedLv 710 months ago
It depends on the used car and the cost of the warranty. My brother in law bought a used BMW for over $30,000. He spent $2,000 on the extended warranty. The first two problems would have cost him more than the warranty expense.
- artherLv 510 months ago
it generally covers nothing anyway pick a good car, don't worry about warranty on a used car over 5 years don't buy something that was no good when it was new.