Most drivers know that brand-new vehicles come with a factory warranty. But do used cars have a car warranty? Learn everything you need to know about the warranty options for used vehicles.Â
Do You Get a Warranty When You Buy a Used Car?
Much of the time, you will get a warranty when you purchase a used vehicle. For example, your dealership can offer you a limited warranty on your used vehicle purchase as a guarantee of the quality of the car. However, it's much more common for a used vehicle to have other warranty options, such as the remainder of a factory warranty, a certified pre-owned warranty, or an extended warranty.
Remaining New Car Warranty
If you buy a used vehicle that is only a year or two old, there might be a portion of the factory warranty remaining on the vehicle. The factory warranty on a new car will typically last for three years, although a powertrain warranty can last for five years. When you buy a relatively recent used vehicle, the remaining factory warranty is typically transferred to you as the new owner. You can contact the manufacturer to verify the remaining time on the factory warranty.
Certified Pre-Owned Warranty
If you purchase a certified pre-owned vehicle, you will likely be able to enjoy a CPO warranty for a period of time. Certified pre-owned vehicles have been thoroughly inspected and repaired, and will typically have low mileage. The vehicle manufacturer will often provide a CPO warranty that lasts longer than the remaining factory warranty on the vehicle. This warranty may even have other perks, like roadside assistance.
Extended Warranty
An extended warranty may be an option to explore for vehicles that can't be certified because of age or mileage. An extended warranty is an add-on policy that provides coverage for specific vehicle components. Extended warranties can last for several years or several thousand miles. You can usually select an extended warranty plan that provides an ideal level of coverage at an affordable deductible.
Warranty for Used Cars
The main benefit of a warranty for a used car is protection from certain repair costs in the future. In general, most vehicle warranties will cover the cost of repairing or replacing defective parts, such as parts damaged because of manufacturer flaws. Saving money on replacing these vehicle parts can benefit used car owners on a budget.
Usually, a used vehicle will have some type of warranty, such as the remainder of the factory warranty or the warranty awarded by the manufacturer for certified pre-owned vehicles. An extended warranty may also be available for used vehicles. Call Lee's Auto Sales of Fayetteville to learn more about your warranty options today.
