If you’re shopping for a car, you’re probably looking for any opportunity to work a warranty into the purchase. Buying a car is a big investment, and warranties provide a particular peace of mind that’s important to shoppers. Fortunately, warranties are not strictly limited to brand new car purchases. Here are some of the warranties you may find with a used vehicle.
Remaining Manufacturer Warranty
Almost all new vehicles come with their own manufacturer warranty. This warranty will last for a certain number of years or a certain number of miles, whichever one comes first. For example, an original manufacturer might offer a 3-year/36,000 mile basic warranty. In most cases, the manufacturer warranty on a vehicle is transferable between owners. This means that should someone purchase the vehicle with this warranty and then sell it after two years, the new owner will get the remaining one year left over on that warranty.
Manufacturers aren’t the only source for used car warranties. Dealerships themselves will often offer warranties on used cars as an extra buying incentive. The stipulations of this type of warranty will be up to the each individual dealership. Dealership warranties are not normally transferable.
Extended Service Contract
Like manufacturer warranties, extended service contracts are usually transferable. These service contracts are also more varied than regular manufacturer warranties, so it’s quite possible that you might come across a used car with an extended service contract still active. Even private sellers may advertise the vehicle that they’re selling as having an extended service contract—but be sure to check to see that it’s transferable, though, before you pay the extra cash for that benefit.
Interested in learning more about the warranties, extended service contracts or our used car inventory? Visit us at Chip Wynn Motors and we’ll teach you all you need to know!