How to Purchase a Used Car Warranty
A used car warranty protects you from paying out-of-pocket for some vehicle repairs. Used car warranties don't provide coverage for maintenance items or maintenance-related repairs, such as oil changes or damages resulting from lack of oil changes. Choose various steps of coverage, from minimum power train coverage, which covers major components of the car's transmission and engine, or a bumper-to-bumper warranty that adds coverage for interior or exterior repairs not body-damage related. Depending on the warranty provider chosen, you might be able to set up a payment arrangement rather than paying the full price all at once.
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Instructions
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Write down your vehicle identification number, year, make and mileage, as you'll need this information to obtain pricing for your warranty.
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Decide which warranty coverage you want for your vehicle. Consider a bumper-to-bumper warranty if your vehicle is equipped with numerous electronics, such as power and heated seats, power windows, advanced stereo system or DVD player. If your vehicle has roll-down windows, a power train warranty will likely suit your needs.
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Call different providers to find out coverage options and pricing. Contact same-make dealerships, your insurance company or Internet providers. Check the warranty company's information with the Better Business Bureau before determining where to purchase.
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Speak with warranty representatives about your warranty needs, vehicle condition and coverage options. Compare similar warranties with any other companies under consideration. Once you've found a good company, ask about payment options.
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Ask the warranty company to provide you with coverage information and read the warranty information over thoroughly before you complete your purchase. Ensure that the deductible is affordable and the coverage provided is adequate.
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Pay for your warranty in full or leave a down payment. If the company allows, have your monthly payments automatically withdrawn from your checking account each month. Sign your warranty contract and keep a copy for future reference.
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