Used Car Warranties: Are They Worth It?
You’ve finally found the perfect used car. Whether you’re buying a used Jeep for off-road adventures or a used Ford for running the family around, there’s one thing you need to consider: Should you invest in a used car warranty, and are they really worth it?
A used car warranty can offer you peace of mind, knowing that you’re protected from unexpected repair costs. Still, the decision isn’t always easy. Understanding the pros, cons, and types of coverage will help you decide if a used car warranty is right for your automobile purchase in Abilene, TX.
What Is a Used Car Warranty?
New cars always come with a warranty that covers repairs, replacements, and manufacturer defects for a set period of time or mileage. Quality used cars are also a significant financial investment, and you want to avoid hefty out-of-pocket expenses with your “new to you” vehicle.
Used car warranties differ from new car warranties because they cater specifically to vehicles that have already seen some mileage and wear and tear. When shopping for used cars in Abilene, TX, it’s important to keep local driving conditions in mind. Drivers in Abilene aren’t strangers to long highway commutes, dust accumulation, and extreme temperatures—all of which can accelerate wear on mechanical components.
Main Types of Coverage
When buying used trucks or cars, it’s important to evaluate the added protection a warranty can offer. Here are the main types of coverage provided:
Powertrain Warranty
Essential if you want coverage for the main components that keep the vehicle running. This covers damage or repair to the engine and transmission.
Bumper-to-Bumper
Broader than a powertrain warranty. As the name implies, it covers most parts of the vehicle, though items of wear-and-tear (like tires) are usually excluded.
Corrosion Warranty
Offers protection against rust-related damage. This is most often offered to newer used vehicles and those with lower mileage. Minor surface rust is typically excluded.
Roadside Assistance
Sometimes offered as part of a used car warranty. Roadside assistance is available to assist with flat tires, dead batteries, or towing services if needed.
Types of Used Car Warranty Providers
When considering a used car warranty, there are three main avenues for purchasing coverage.
Manufacturers CPO
Some manufacturers offer warranties for their Certified Pre-Owned (CPO) vehicles. They are comfortable doing this because CPO vehicles have met strict maintenance and condition standards. Most often, these are offered with bumper-to-bumper options and roadside assistance.
Dealership Extended
Many dealerships, including Arrow Point Auto Mall, offer extended warranties for their used vehicles. These warranties are typically customizable based on the vehicle’s age and mileage. Always ask about the warranty options when purchasing a vehicle.
Third Party
These are offered by outside parties, such as lending agencies. Third-party extended warranties offer a range of coverage and flexibility. Always read the fine print to know exactly what types of repairs and replacements are covered.
The Pros and Cons
Pros of Getting a Warranty
Peace of Mind: Used vehicles can have slight mechanical problems that have gone unnoticed. A warranty offers peace of mind that many major, costly repairs are covered.
Easier Budgeting: While it adds to your monthly payment, it acts as an installment plan for future unpredictable repairs. It’s more budget-friendly than paying thousands out of pocket all at once.
Transferability: Some warranties are transferable if the vehicle is sold within the time frame, which can increase the overall resale value of your vehicle.
Cons and Limitations
Coverage Limits: It’s important to know what types of repairs are covered. Some warranties will exclude wear-and-tear items or routine maintenance entirely.
Deductibles: Having a warranty doesn’t always mean you pay nothing. Some require a deductible to be paid each time the warranty is used. You also need to keep squeaky-clean maintenance records to keep it valid.
Potential Redundancy: If you already have certain perks covered under a different plan, or your vehicle has a stellar reputation for reliability, a warranty might not be financially necessary.
When Is a Used Car Warranty Worth It?
There isn’t a one-size-fits-all answer. It is more beneficial for certain situations and may not be needed at all in others.
Ideal Situations for Buying
- ✔ You’re purchasing a high-mileage used truck or car.
- ✔ You plan on driving long distances frequently.
- ✔ You use the vehicle for work, especially if self-employed.
- ✔ Budgeting for a surprise repair would be a heavy burden.
When It May Not Be Necessary
- ✘ The vehicle is still under a factory manufacturer's warranty.
- ✘ The vehicle has a stellar, fully documented maintenance history.
- ✘ The vehicle has a strong reputation for reliability at high mileage.
- ✘ The upfront cost of the warranty exceeds likely repair costs.
Let Arrow Point Auto Mall Help
The decision depends on the vehicle, your driving conditions in West Texas, your budget, and how much you value peace of mind. Whether you're in Mt Pleasant, Potosi, San Angelo, or Abilene, we offer used vehicle warranties worth considering.
Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, license, and $225 documentation fee. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.