If there is one thing that can be said about used car warranties, it is that you will find very little standardization to them.
Whether you purchase from a new car dealer or a used car dealer, the standard warranty can vary all across the universe--from "as is" (meaning, very simply, you don't have a warranty) to 12 month/12,000 miles, covering many major components.
The most common used car warranty, however, is a 3 month/3000 mile warranty that will cover only major drivetrain (the engine, transmission or transaxle, and rear end) components. If you buy a late model car, there is the chance that you will "inherit" the remainder of the new car factory warranty.
Remember that these warranties are all "either/or" meaning that the warranty ends when either the time or the mileage has been surpassed, whichever occurs first.
No matter what the warranty covers, make sure that you are clear on the limits of its coverage and have everything in writing. It's better to know up-front what you can expect rather than to have a nasty surprise when a component breaks and you find out that it was in the excluded section.
Car-Lotta Credit and Car Sales NOW has a 6 month/ 6 thousand mile warranty on all vehicles- Contact your nearest Car-Lotta for more information.
Monday, June 8, 2015
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