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A used car warranty covers the cost of repairing or replacing the vehicle’s major mechanical parts and systems. Used car warranty companies usually offer a range of plans, and the most basic plans cover everything that moves the vehicle, such as the engine and transmission. Broader warranties called bumper-to-bumper warranties often cover all of the vehicle’s major systems, including electrical components, heating and cooling, safety features, high-tech parts, and hybrid batteries.
A used car warranty is a type of extended warranty that can keep drivers from paying for expensive repairs out of pocket after the manufacturer’s warranty has expired. Each warranty provider has its own rules on which vehicles qualify for coverage, but some providers even offer options for high-mileage cars.
To learn more, check out WalletHub’s guide to the best used car warranties.
People also ask
Does AAA offer extended warranties?
Yes, AAA offers a type of extended warranty. AAA's extended warranty program is called the AAA Vehicle Protection Plan, and it covers repairs to the engine, transmission, suspension, steering, and brakes, among other things after the manufacturer's warranty has expired. The cost of AAA's the AAA Vehicle Protection Plan varies depending on the vehicle, but it averages about $2400 for a 4 year plan, though vehicles with expensive parts can cost twice that.
In...
read full answer by Lilah Butler, Car Insurance WriterIs it worth buying a warranty on a used car?
No, it is not worth buying a warranty on a used car in most cases. It’s only worth buying an extended warranty for a used car if the vehicle is particularly unreliable and the owner cannot afford to pay out of pocket for expensive repairs. For drivers with reliable cars and the ability to pay for repairs, used car warranties generally do not provide much value compared to the expense.
Car warranties, also known...
read full answer by WalletHub, Financial CompanyHow much is a warranty on a used car?
A warranty on a used car costs anywhere from $1,000 to $5,000, depending on factors like the car’s condition and mileage. In general, used car warranties cost more than regular extended warranties because used cars have more miles than new cars and are more likely to experience mechanical problems.
A used car warranty pays for repairs to a car’s major systems if they break down. In most cases, used cars only qualify for extended warranties that...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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