Used Cars: “Certified” No Substitute For Extended Warranties
Posted by Admin at 10 December 2023, at 13 : 36 PM
Thinking about a used car extended warranty? Nervous about what’s under the hood? Used car dealers are feeling your pain all the way to the bank. Within an ironic twist, “pre-owned vehicle” dealers have found a method to profit from their bad reputation.
No, they’re not just selling overpriced used car extended warranties anymore. They’re charging a 10%-25% markup on used cars “certified” (by them) never to be items of junk. The accompanying “certified” used car warranties in fact usually carry a lesser amount of protection compared to the best used car warranties, which you are able to buy yourself online. Who needs a used car warranty if your jalopy is really a “certified” machine?
But even paying 10%-25% more won’t eliminate risk. Thorough extended warranties for used cars are necessary, “certified” or not. In some cases, a half-hearted inspection means the certification may not be worth the paper it’s written on. Used car problems often only appear months or years after purchase. That’s why even for mint used cars, used car extended warranties are essential.
Worse, “certified” used cars don’t always have any extended used car warranty coverage. When a “certified” used car warranty is included, it usually has much less coverage than a brand new car warranty. Even most standard pre-owned vehicle extended warranties offer much more protection than most “certified” used car warranties.
It is possible to almost always do better on your own. An independent inspection along with a used car extended warranty provide better peace of mind, often with a lower price.