If you’re buying a used car in Las Vegas, one of the decisions you’ll need to make is whether you want an extended warranty. Repairs can be expensive, and this type of protection can pay for itself, ensuring your budget won’t be stressed if your car needs work in the future.
The following are some frequently asked questions about extended warranties on used cars to help you make your decision:
What is an extended warranty?
This type of warranty is a service contact that helps offset repair costs. It’s not included in the purchase price of your vehicle, but you can choose to buy it separately or include it in your loan. An extended warranty kicks in after your vehicle’s manufacturer’s warranty runs out.
What does it cover?
Each policy is different, so you can select the level of coverage you want. Many who buy extended warranties opt for bumper-to-bumper coverage, the most comprehensive type. In addition to covering the cost of repairs, they can also pay for extras such as tow charges or the cost of a rental car.
Other warranties are more limited, covering only the powertrain. This includes the parts of your vehicle’s propulsion system: the engine and transmission, which are typically some of the more expensive repairs. These don’t include everything that may need repairing at some point, including the vehicle’s electronics or air conditioning system.
Make sure you understand exactly what your policy covers. Are repairs fully covered, or do you have to pay a deductible? Do you pay for the repairs up front and get reimbursed later? It’s important to fully understand what you’re paying for so you can avoid unpleasant surprises later.
What are the costs?
Costs vary widely according to the level of coverage you choose and the number of years and/or miles your extended warranty will last. You can expect a range of a few hundred dollars up to more than a thousand.
When do you get an extended warranty?
You can buy an extended warranty when you buy your used car and can often roll it into your monthly payments if you’re financing. You may also be able to wait and buy it later if you’d like. You can buy extended warranty coverage before or after the original manufacturer’s warranty has expired, although it’s usually less expensive to purchase it while the manufacturer’s warranty is still in effect.
Extended warranties can be a good idea, providing peace of mind and protection against unexpected repair bills. Just be sure to understand your choices and exactly what your warranty will and won’t pay for.
Shop Valley Automall for Used Cars in Las Vegas
If you’re in the market for a good, reliable used car in Las Vegas, check out Valley Automall’s selection. We have thousands of used cars in one location, so you’re sure to find one to suit your preferences and budget.