Quick Answer: What Is The Best Used Car Warranty To Buy?

What is the average cost of a used car warranty?

An average policy could be between $1,500 and $4,000.

But when is the best time to add the coverage.

Usually, it’s a good idea to organize warranty protection when you purchase the car.

You can usually add the cost of an extended warranty to the total amount you’re financing rather than paying it in one lump sum..

Does AAA offer extended warranties?

The additional coverage of an extended warranty must be purchased in advance. … In addition, AAA members receive special benefits that include auto repair discounts, an extended 24-month/24,000-mile parts and labor warranty, and AAA assistance in resolving repair-related issues.

Which is better CarShield or endurance?

Here’s a quick comparison of the main differences. If you want to deal with the same company when you shop for a protection plan and when you make a claim, go with Endurance. If you want a bit more control over monthly payment plans, check out CarShield.

Are there any good used car warranties?

In general, we don’t recommend buying an extended warranty on a used car. Warranty companies are in business to make money, and they’ve usually done their homework. This means you’ll likely spend more on the warranty than any repair costs your car may accrue during the period when the warranty is valid.

Is CarShield a ripoff?

No, CarShield is not a scam. The extended warranty provider has been in business for 15 years, during which time it has covered over one million vehicles. Additionally, CarShield has also been featured on ESPN, CNN, HGTV, and TBS and has several celebrity endorsements.

Are vehicle warranties worth it?

This isn’t surprising, because extended warranties make a lot of money for those who sell them. … “On average, you’ll pay about $1,500 on an extended warranty, and the average repair is $180. I don’t recommend buying extended warranties, ever. If you can’t afford a $200 repair on a car, then you can’t afford the car.”

What is the best car warranty company?

The Best Car Warranty CompaniesCar Warranty CompanyBest For1Endurance Auto WarrantyGreat Coverage2CarChexGreat Service3CarShieldGreat Prices4Liberty Bell Auto ProtectGreat Perks4 more rows

What does AAA extended warranty cover?

Avoid unexpected, costly repairs on your new or pre-owned vehicle with an extended warranty from AAA. Our cost-effective plan options extend coverage to virtually all mechanical and electrical components after your original warranty expires.

Can you negotiate extended car warranty?

In most cases, customers should be able to cancel the extended warranty if the car is sold, crashed or stolen. The warranty is transferable to a new owner, providing the seller an opportunity to negotiate a slightly higher price with the buyer or make their car stand out from the crowd.

Who has the best used car warranty?

Best Non-Luxury CPO Programs1) Hyundai. Warranty: Remainder of the original five-year/60,000-mile bumper-to-bumper warranty and 10-year/100,000-mile powertrain warranty. … 2) Kia. Warranty: Remainder of the original 10-year/100,000-mile powertrain warranty. … 3) Honda and Mazda (tie) … 5) GM Brands (Buick, Chevrolet and GMC)