Q:

What are three ways to buy an extended warranty for a used car?

A:

Quick Answer

Three ways a buyer can ensure his used vehicle has an extended warranty is to purchase one from the dealer, a third-party provider or purchase a certified pre-owned vehicle. There are positives and negatives to consider with each of these options including price-points and the amount of coverage.

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Full Answer

Extended warranties from a dealer can be more costly than those from third-party providers. However, while dealer warranties tend to be more stable financially, they are usually less flexible in terms of where repairs can be done.

Third-party warranties offer more flexibility when it comes to where cars can be repaired, but these providers should be researched to determine if they are reputable. Certified pre-owned cars tend to cost more than other used cars, as they come with a dealer warranty, but these cars tend to be more reliable.

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