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What is a good car warranty?
A manufacturer's car warranty usually lasts for at least three years or 60,000 miles, whichever comes first. An extended auto warranty provides additional coverage, typically for about five years, after your initial warranty has lapsed.
What is a good used car warranty?
Lexus offers three-years/100,000 miles, which is one of the best CPO warranties around. It compares favorably with other programs that offer anywhere from three months comprehensive/12 months powertrain to 24 months comprehensive coverage.
Is it worth buying a warranty on a used car?
Consider the Warranty In general, we don't recommend buying an extended warranty on a used car. This means you'll likely spend more on the warranty than any repair costs your car may accrue during the period when the warranty is valid. There are, however, some exceptions.
What does a used car warranty cover?
Most used car warranties cover at a minimum all internally lubricated parts of the engine and transmission. Some used car warranties will cover many other issues, and some do not. Older cars with more mileage have a higher chance of needing a repair, and warranty costs have to take that into consideration.
What is the average cost of a used car warranty?
Typically, the average extended warranty for used cars cost ranges from $350-$700 per year, but every person and policy is different. Here are a few factors that help determine price: Age/Mileage Typically, cars with a higher age or mileage will have higher prices.
Is it good to buy extended car warranty?
An extended car warranty may help cover the cost of certain repairs to your vehicle when the manufacturer's warranty expires. While it may sound like a good idea in theory, extended warranties often come with a high price tag and don't necessarily cover everything that could go wrong.
Should I buy extended warranty on used car?
In general, we don't recommend buying an extended warranty on a used car. Warranty companies are in business to make money, and they've usually done their homework. This means you'll likely spend more on the warranty than any repair costs your car may accrue during the period when the warranty is valid.
What is the average cost of an extended car warranty?
In general, the average extended car warranty cost ranges from $350-$700 per year, but every person and policy is different. When your car needs repairs, and you don't have coverage, the mechanic will require payment in full.
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