Used Car Warranties

Series Summary

A used car, also known as a pre-owned vehicle or second-hand car, is a vehicle that has previously had one or more owners. Used cars are sold through a number of different outlets, including franchise and independent dealerships, rental car companies, and leasing companies. Some car retailers offer extended service plans or warranties. Individuals can also buy and sell used cars through other media, such as newspaper and online classifieds.

So, where do you start when buying a used car? And what are the benefits and downfalls of buying one from a dealership, private party, or auction? In this free video series, our expert will outline everything you need to know about buying a used or pre-owned car, from online research to financing and appraising. You'll also hear some helpful tips, like how to avoid buying a broken down car (or lemon), and why having a mechanic check the used car is a good idea. Follow these helpful instructions, and you'll be well on your way to knowing everything about how to buy a used car!

Video Transcript

"Hi, this is John Michaels with Expert Village; today we are going to be talking about how to buy a used car. In this segment we are going to be talking about warranties. Warranties are available on a used car just as they are on a new car. A used car warranty can last up to a 100,000 miles so check with your local dealership to find out if you purchased your car there, whether or not they have a used car warranty or extended warranty available on the used car that you have purchased. Also remember that some used cars still have the remainder of their factory warranty, lasting upwards of the remainder of 100,000 miles. Be sure to keep an eye out for those cars where the factory warranty is still intact and also ask at your local dealership if and where and for how long an extended warranty might be available for you new used car. "