eBay Auto Auction: Used Car Warranty

Used Car Warranty: Up To $4,000/Year For A Used Car Warranty? Gag!

Used car warranty: is it worth the trouble?

A used car warranty can cost up to $4000 a year {or much more for an exotic luxury car}, so the amount of money you're likely to spend on it is substantial. That's why many used car owners never buy the extended warranty when the original one expires. Do they do the right thing? As in everything, it depends on the specific situation of the car owner, its preferences and, above all, the car he or she has.

There are multiple companies - both online &
offline - that offer used car warranties
... smart sellers reassure customers and earn
extra money with these warranties

When is a warranty a good idea?

You don't have to think over every dollar you spent and you need to keep your car operational all the time

Your car breaks down often

You own a relatively new and electronic gadget-rich model.

The warranty makes you all safer when it comes to major repairs and lets you save thousands of dollars every year, provided of course that your car will break down during that time.

In short: if you have a new car, full of electronic gadgets, you can expect to pay a few thousand dollars for a single GPS repair. Then it pays off to hava a used car warranty. The same is true if you need your car round the clock and keeping it in the garage for a week before you get enough money to repair it is not an option.

When a warranty isn't worth the extra cost ...

Generally, buying a used car warranty is not a good idea when

Your car is very old – the insurance will be much too expensive to be cost-effective

You plan to buy a new car soon – chances are your car will survive another six months without a warranty

Your car is one of the simpler models with little or no electronics or gadgets in it.

In these cases, avoiding a used car warranty makes total economic sense. After all, none of us is in favor of wasting money.

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