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Hunter Phillips
Hunter Phillips

Buying A Car Warranty After Purchase

This is one of the most important factors to look at when buying a used car warranty. Many extended auto warranty companies have different tiers of coverage, each offering different types of coverage and with different pricing structures.

buying a car warranty after purchase


There are no 30-day warranty contracts for used cars, though your dealership may offer a buyback guarantee for used cars. If you purchase a vehicle service agreement through CARCHEX, your contract can be fully refunded within 30 days, provided you have not filed a claim.

All CARCHEX extended warranties are transferable to new car owners after you pay a one-time $50 fee. Many other car warranty providers also allow contract holders to transfer coverage for a similar charge.

You can also purchase an extended warranty for your vehicle which ensures coverage beyond the manufacturer's warranty period. Manufacturers offer in-house extended warranty programs but in most cases, the extended warranty needs to be purchased before the factory warranty ends. But what if you want to buy an extended warranty after the fact? Here's a guide to help you choose the best protection for your vehicle after your factory warranty expires.

Yes, you can always purchase an extended warranty after your manufacturer's warranty ends. Though most modern automakers have a clause that requires car owners to enroll in an extended warranty program before the manufacturer's warranty program ends.

If you insist on having an extended warranty from the manufacturer, we suggest enrolling for one right before the end of your factory warranty coverage to ensure that there isn't a gap in your coverage. You can always buy an extended warranty when you purchase the vehicle but this means you'll end up paying interest on a warranty that you won't be able to claim in the near future. However, if it is a bundled deal that allows for extra savings, then go for it.

They offer coverage for cars with up to 250,000 miles which makes them a great choice for people who plan to purchase a warranty for their heavily used vehicles. They offer a wide range of policies some of which offer industry-leading claim filing processes. With an A+ rating from the Better Business Bureau, CARCHEX should be on your list when shopping for an extended warranty.

You can buy an extended warranty from a reputable third-party provider at almost any time after purchase. Manufacturers, on the other hand, usually require you to buy an extended warranty before the factory warranty expires. Some only allow you to buy one when you purchase the vehicle.

After purchasing your contract, most warranty providers require you to go through a waiting period until you can use your coverage. This helps protect the provider from someone purchasing a warranty right after discovering an issue with their car. Most extended warranties require you to wait 30 days and 1,000 miles before making a claim for car repairs.

Reputable extended car warranty companies will allow you to cancel a warranty for a full refund within 30 days. They will also provide prorated refunds after that. You will need to contact the contract administrator and provide a written odometer statement to cancel the extended car warranty.

When purchased from a dealership, an extended car warranty costs between $1,000 and $4,500. Aftermarket auto warranties from third parties usually cost between $1,000 and $3,500, making them a bit cheaper than dealer-backed car warranties.

A manufacturer extended car warranty is a vehicle service contract purchased from an automaker, while a third-party extended warranty is purchased from an independent warranty company. Manufacturer coverage typically comes with benefits such as guaranteed use of original equipment manufacturer (OEM) parts and service by a factory-trained technician. Warranty companies generally have greater plan variety and benefits such as the flexibility to have your car serviced at the repair shop of your choice.

Manufacturers can void your car warranty due to improper maintenance, aftermarket modifications, misuse of the vehicle, or tampering with the odometer. Your warranty can also be voided because of a total loss or severe environmental damage.

An extended used car warranty prolongs your factory warranty to protect your vehicle against covered mechanical breakdowns for a period that lasts longer than the new car limited warranty. While true manufacturer-backed used car warranties can be purchased from the automaker that built your vehicle in many cases or come with the purchase of a CPO used car, most used car extended warranties are vehicle service contracts.

The typical new car factory limited warranty lasts 3 years/36,000 miles, meaning the warranty covers repairs related to factory defects for the first three years after purchase or the first 36,000 miles that you drive it, whichever comes first. You can purchase an extended warranty for a used car, which can last for up to 7 years/200,000 miles with some providers.

I have gone over a decade without buying an extended warranty. Along the way, I learned a thing or two about the practice which seems to dominate the time and energies of associates and salespeople at many retail locations. The extended warranty market is big business. In fact, companies often outsource extended warranties to larger insurance companies. These companies then stuff these policies with limitations and conditions designed to make it more difficult to actually make a successful claim.

Buying a new or used car involves lots of decisions. What color do you want? How will you finance your purchase? Should you buy an extended warranty? An extended warranty can give you peace of mind after buying a new or used car, but these agreements have their limits and aren't always worth the cost. Learn how extended warranties work, when you may want one and other ways to cover the cost of car repairs.

It's generally best not to buy an extended warranty at the time you buy a car, since you won't use it for several years. Wait until the manufacturer's warranty is nearing expiration or the deadline to purchase coverage is approaching.

Rather than purchase an extended warranty, your money might be better spent paying a bit more for a car whose predicted reliability is better than average. (Consumer Reports and J.D. Power are good sources of reliability data.) Then follow manufacturer recommendations for regular maintenance to keep your car in good shape.

Whenever you purchase a used car from a dealer, you should receive the original or an identical copy of the Buyers Guide that appeared in the vehicle you bought. The Guide must reflect any changes in warranty coverage that you may have negotiated with the dealer. It also becomes a part of your sales contract and overrides any contrary provisions that my be in that contract.

Buying a car is a major purchase; it is also usually a complex transaction involving a contract, financing, and a warranty. You will want to think carefully about each of these aspects of your decision. You will also want to be aware of some specific protections are available to you under the law.

First you must choose between buying a new car and buying a used car. A new car may cost more but will come with a longer warranty and no history of abuse or neglect. However, new cars depreciate (lose value) almost immediately when they leave the new car lot, which means that if you can find a well-cared-for used car, it might be a good bargain.

Understanding what sort of warranty you're buying, and who's actually responsible for administering the warranty, is very important. Just because the warranty is offered to you at a Ford or Toyota dealership when you buy the car doesn't mean that it's a Ford- or Toyota-backed warranty. Figure out who the carrier is and do some research to see how satisfied people are with the claims process. You'll also want to make sure that the warranty will be honored at the dealer or mechanic you actually plan on servicing the vehicle at, and if it'll also cover a broad network of other dealers near where you plan on using the vehicle. What good is an extended warranty if your car breaks down and the tow truck has no participating mechanics to tow it to?

And then there's the fuzzy math involved to figure out whether an extended warranty will actually save you money. We say "fuzzy" because there's no telling what might break outside of the warranty period. It's somewhere in between buying insurance and gambling. For most casual buyers, running the numbers here to determine the value proposition is going to be almost impossible.

An extended warranty for a used car is technically called a MBI or VSC, as previously mentioned. An extended warranty may be sold at the dealership when buying a car or post purchase as an aftermarket offering. Extended warranties will cost additional to the vehicle and when purchased at the dealership, often are asked to be paid up front or financed with your vehicle. The extended warranty is additional to the Original Equipment Manufacturers (OEM) Warranty. Each make and model offer different OEM coverage periods. They are put in place to cover defects in materials and workmanship from the factory. OEM will expire eventually so make sure to understand the parameters of the OEM so to not be without coverage.

There are many options for buying an extended warranty on a used car. However, most used extended car warranty companies doo not publish their pricing online, making it difficult to know if you are spending too much. At we publish all of our pricing online. If you have a vehicle 10 years old or newer with under 140,000 miles you can simply go to and in less than 2 minutes you will get 9 options on an extended car warranty solution for an easy monthly payment you can cancel anytime.

In addition to the dealership where you purchase your used car, there are several companies that offer MBI or extended warranties. Remember, not all warranty companies are the same. Do your research prior to buying. Again, take a look at those terms and conditions so you know the ins and outs of each plan. 041b061a72


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