Can we buy an extended warranty later for a car?
You can also buy your extended warranty later on, so long as the car is still under the new vehicle warranty. However, buying the plan later on implies a higher cost than when buying along with the new car. Cons of an Extended Warranty Extended warranties require an upfront payment or are added to your financing, increasing your total cost. If you don’t end up using it, you may feel like you paid for something you didn’t need. Depending on the warranty plan, some repairs may not be included.While extended car warranties typically cover many issues that may require parts of your car to be repaired or replaced, they don’t cover everything. For example, many extended warranties don’t cover things like accidents, theft, natural disasters, or normal wear and tear.It is possible to buy an extended warranty after you purchase your car. It can even be some years later. Buying an extended warranty or Vehicle Service Contract after purchase is a wise idea. As your car ages the more likely it will be to run into the need for repairs due to general wear and tear.An extended warranty won’t cover wear and tear or car accident repairs. Extended warranties are a gamble. You pay the full fee up front without knowing whether you’ll use the coverage, and you may need to purchase separate extended warranties for your car’s different systems.What Does an Extended Warranty Cost? An extended warranty typically costs an average of $600 to $2,000 per year, but that varies widely based on where you buy the warranty, the reliability of the vehicle the warranty covers, and other factors. The price of an extended warranty also is negotiable.
Can I buy an extended car warranty on my own?
The best way to buy an extended car warranty is through either a third-party provider or the dealership where you purchased the vehicle. Extended warranties can cost anywhere from $372 to over $2,000 per year, depending on your coverage level and vehicle, with an average annual price of $977, according to our research. Whilst it might be reassuring to have an extended warranty, they can come at a high price. And it still won’t necessarily cover everything that could go wrong. And, of course, you could find that the cost of the repair required was less than the price of the warranty. Or you may never need to use the warranty.Instead of buying a bunch of extended warranties that you’ll probably never use, you’re better off self-insuring by paying yourself the warranty payments. That way, if your TV does break after the normal warranty, you have the money saved to fix it. If not, it’s your money to keep. It’s a win-win!Generally, these warranties come with a higher profit margin, giving you the chance to negotiate as much as you can. Just like the price of the car, dealerships may increase the cost of the extended warranty coverage plan for their profit.Upfront Cost: Extended warranties can be expensive, and you might never use them. Weighing the cost of the warranty against the potential repair bills is crucial. Limited Coverage: Many warranties have exclusions and may not cover all types of repairs.
Which car company gives a 7 year warranty?
Kia. Kia has been at the forefront of long-term warranties since 2006 when it first offered its unique seven-year/100,000 mile warranty package on all of its new models. Negotiating a Better Deal Speak with the finance and insurance managers, explain that you want to buy a new car and need to talk to them about the factory extended warranty on the vehicle. You may find that three different dealerships will give you three different prices on the same coverage.As of March 2025, the longest new car warranties are 10 years, which are held by Nissan, Mitsubishi and MG, but Nissan and Mitsubishi do have caveats.Since vehicles are more susceptible to needing repairs as they age, most extended warranty companies will cap how old a vehicle can be to get an extended warranty. This will vary from provider to provider, but with Endurance as an example, you can get coverage on vehicles up to 20 years old.It might seem obvious, but it’s worth spelling out: investing in an extended auto warranty for an older car is highly recommended. Whether you use your car a lot or not, components naturally deteriorate over time, and the older your vehicle, the closer everything under your hood will be to breaking down.The best time to buy the extended warranty is while buying your car. You can also buy your extended warranty later on, so long as the car is still under the new vehicle warranty. However, buying the plan later on implies a higher cost than when buying along with the new car.
Is it worth getting extra warranty on a used car?
Used car warranties work a bit like insurance. You’re basically betting that the cost of the warranty will be less than the repair bills you might face. The real value, though, is the peace of mind. Knowing that if something major, such as your engine or gearbox, breaks down, you won’t be stuck with a huge bill. What Does an Extended Warranty Cost? An extended warranty typically costs an average of $600 to $2,000 per year, but that varies widely based on where you buy the warranty, the reliability of the vehicle the warranty covers, and other factors. The price of an extended warranty also is negotiable.Like most insurance policies, an extended warranty is something you pay for in the hope that you’ll never need to use it. For many owners, it’s worth paying the price for peace of mind; even if your car is built by a brand renowned for its reliability, there’s always a risk that something could go wrong.That warranty usually remains valid for the new owner until the end of the original warranty period. Consequently, buying a used car with the remaining factory warranty means it’s covered for whatever portion of the warranty remains.Extended auto warranties cost an average of $1,297 per year across providers, plans, coverage options and vehicles, based on our February 2025 secret shopping. Below, we provide estimates for bumper-to-bumper, mid-level and powertrain warranty coverage based on quotes we received during our secret shopping experience.
How to get warranty on old car?
Used car warranties can be provided by a manufacturer, dealership, or from third party providers. These contracts typically cover issues involving the engine, structural integrity, and electrical components. Before signing any agreement, check what any potential warranty will cover and for how long. These warranties usually last 12-24 months and tend to be pretty comprehensive – but you should always check what the warranty does and does not cover with the dealer. Independent dealerships may offer their own “dealer-provided warranty” on used cars you buy from them.