Used Car Warranties
Used car warranties are a very important feature when
purchasing a used vehicle. Many times the warranty has
expired leaving you to pay for any "mishaps" that happen
after the purchase is made. There are different types of
used car warranties. With luck, you will find a used car
that has one of these warranties still active.
Private sellers do not have to offer any kind of warranty
when they sell their vehicle. Choosing to buy from a private
seller will make the purchase labeled "as is". You will be
responsible for any maintenance costs that may arise after
you have bought the vehicle. When you sign the purchase
agreement you are stating that your now responsible and
accept the vehicle in its current condition.
Car dealerships are required by law to provide for every
vehicle on their lot a buyers guide. A buyer's guide informs
the purchaser of any type of warranty that is offered. The
common used car warranties include: "as is"; verbal
warranties; warranty of merchantability; limited warranty;
unlimited warranty; unexpired manufacturer's warranties; and
extended warranties. As you can see there are many different
used car warranties available that can save you costs in the
future.
An "as is" warranty means the dealer is not responsible in
anyway (same as a private seller). A verbal warranty may be
made by the dealer but is not legally binding. A warranty of
merchantability is an implied warranty that states the
dealer guarantees the car will do what it is expected to do.
To make that simple - the car will run. This warranty does
not cover anything that goes wrong or needs service of any
kind. Used car limited or unlimited warranties do not cover
the entire car or all the cars parts. The warranty coverage
that is stated on the buyers guide is the only coverage at
the time of purchase. An unexpired manufacturers warranty is
available on later models of vehicles when the original
warranty is still effective. This type of warranty can be
extended by calling the manufacturer directly. Used car
warranties labeled as an extended warranty is basically the
selling of a service contract which is added onto the price
of the vehicle.
The newest phenomenon is certified vehicles. These vehicles
are assured by dealerships to be mechanically sound. The
dealerships mechanics have verified that all components and
parts are working and free of problems. A certified vehicle
goes above and beyond all of the other types of used car
warranties.
Understanding the different kinds of used car warranties
available is very important before you sign any final
purchase papers. Make sure your dealer informs you of all
warranties that exist on the vehicle you choose, or any
optional warranties available. Any type of a used car
warranty is better than not having one at all. Vehicle
coverage under a warranty saves you money and aggravation
that may occur down the road.
Related Content:
- Selling a Used Car
- The best way of selling a used car is using the internet. It is obvious that when you’re selling a used car you want to reach as many perspective buyers possible.
- Buying Used Car Tips
- Purchasing a vehicle should be an exciting time, especially if you’re a first time buyer. It is possible to make this an exciting adventure if you take some time to research used car buying tips and how the whole auto sales process works.
- Sell a Used Car
- To sell a used car the market value of your used car has to be determined so that you can set a competitive price.
Basic Financing Requirements
- At least one year at the same employer for those with no credit rating.
- At least two years of employment history for those with some kind of credit history.
- Minimum monthly gross income of $1500.00.
- Money down may be required, but is not necessary in every case.
- No repossession within the last 12 months unless included in a bankruptcy.
- No motorcycle or private party purchases.
- Must reside in the United States or Canada.
| I meet these guidelines, skip to application. |
Used Car Dealer Inventory
