There are several different kinds of used car warranty coverage available. Probably the most common one is an extended warranty that will cover major parts and components of the car and is similar to the original factory warranty. These types of extended warranties will cover major parts like the engine, engine head, cylinders and transmissions. They will not pay for normal wear and tear parts like hoses, wiper blades, brake pads and oil changes.

However, there are extended service warranties available as well. The extended service warranties are essentially paying for routine services in advance. Since parts and service increase all the time, this type of plan is a good choice, in order to lock in a lower service rate. These plans are designed to cover oil changes, tire rotations and other normal wear and tear parts.

You can purchase a used car warranty that provides both extended warranty and service warranty coverage. If you finance the used car, it is a good idea to have an extended warranty, at least for the length of the loan period. If you plan on keeping the used car past that time, then you should determine how long you want coverage. Some plans will offer the option to renew the policy at the end of the period. If you are not entirely sure, at least get coverage for the length of the loan.

Purchasing a used car warranty is a contract. Prior to signing you should read all the fine print and understand the policy. It is important to know the list of approved mechanics and service centers. You should know what company is underwriting the policy. You should understand the claim process. Some companies may require you to pay the full amount for the service and parts upfront, and then submit a claim form to be reimbursed. Other companies may only require you to pay a deductible before service is authorized.

There are differences between extended auto warranties and in what components and systems are covered on a vehicle. While you could spend several days or even weeks obtaining this information from each individual company, using Extended Auto Warranty Corp will save you time and get you the information you need quickly.

It is important to shop around for the best extended warranty coverage, just like shopping auto insurance providers to get the best rates and coverage. Before purchasing an extended auto warranty, it is important to make sure you read all the details of the policy and fully understand what the coverage will provide. You should understand how to file a claim and if a deductible is required.

Some policies will require that you pay a deductible either on a per-service or per-part claim. While it may sound like there is not much difference between the two, knowing the difference can save you money. A per-service plan policy means that you pay one deductible amount, regardless of the number of parts replaced by the authorized service center. A per-part plan means that you pay a deductible for each part replaced by the authorized service center. For example, if you take your vehicle in and three parts are replaced, under the per part plan you must pay the deductible for each part. If you have a $100 deductible, then you would be required to pay $300 for the service. Whereas if you have a per service plan, you would only pay $100.

You should also be aware of the cancellation terms of the policy. Some plans will require you to continue making payments even after you sell or trade-in the vehicle. You should try to find a plan that you can cancel or transfer without penalty to a new owner, should you sell or trade-in your car. If you pay for your coverage upfront, you should understand how to obtain a refund once you sell your car. Always ask questions if you are unsure of anything.

Another type of car warranty coverage your dealership may offer you at the time of purchase at and additional cost is a service warranty. Technically this is not a warranty put a pre-paid service plan, oftentimes offered at a discount. Considering the cost of parts and service is increasing this is a good warranty option to purchase if it is available from your dealership. Most of these service warranties can be built to suit your needs. So you can  include the services you will gain the most benefit out of, like oil changes, tire rotations, brake pad replacement and wiper blade replacement. Just be sure to read the specifics of the service period and follow the service schedule required otherwise these services may not be covered due to owner neglect.

The third type of car warranty coverage a dealership will offer when purchasing a new vehicle is an extended warranty. The extended warranty is similar to the bumper to bumper warranty and coverage begins once the original manufacturer’s warranty ends. If you do not plan on keeping the car past the original warranty period, then there might not be a need to add this warranty coverage. However, if you plan on keeping your car well beyond the original warranty period, then this would be a good option.

Other types of warranty coverage that a dealership will offer include rust protection, transmission warranties and drive train warranties. There is normally a longer period of time offered for these warranties, such as ten years or 100,000 miles, whichever comes first.

Just make sure to read through all the fine print of each warranty to make sure the coverage you want is included.

The broker also saves you time when shopping for an extended warranty. Sure, you could get a list of companies together yourself and check prices and differences in policies. But that can be very time consuming. The advantage of using the broker is that they already have established relationships with these extended warranty companies, so they have all the information you need without having to spend hours researching.

The auto warranty broker is able to provide better coverage plans, compared to what is offered by your local dealership or finance company. Many of the plans offered by the dealerships or finance companies will only cover specific parts and components of the vehicle. The plans offered by the broker will cover complete systems and is less limited in what is covered and what is not. The broker can also provide for coverage on older model vehicles (less than twenty years old) with less than 60,000 miles on them.

The warranty broker offers a wide selection of available coverage. They have the standard extended coverage that will pick up where the original factory warranty, which is better known as the bumper to bumper warranty, ends. The broker also offers service warranties that will provide coverage for normal services on wear and tear parts like wiper blades, brake pads and oil changes.

Before purchasing any extended warranty or service protection, make sure to read through all the fine print. The fine print covers what will be covered under the policy and what will not. If you have questions about coverage, ask the broker. They are there to help you get the coverage you desire. You also want a policy that you can cancel or transfer without a penalty, should you decide to sell the vehicle before the end of the coverage period.

So, what should you look for in a used car warranty? The first thing you should look for is free car rentals. If something happens to your car, what are you going to do? How will you get to and from your job or school? If someone hits you, you should never have to pay for a rental car.

Another good thing to look for in a used car warranty is roadside assistance and towing. You really and truly never know what is going on underneath the hood of your car. If you break down, you should know you have someone to call. What if your car requires more than just a jump and you have to have your vehicle towed? This can get quite pricey, so make sure it’s covered in your warranty. It never hurts to ask about free lock out assistance either. Most people have locked their keys in their car at some point and it can happen to anyone.

Moreover, inquire about the date at which your used car warranty takes effect. Does the warranty begin the moment you drive your car off the lot? There are warranties out there that don’t take effect until weeks after your purchase and you should avoid these at all costs.

You should also be signing for a warranty that is transferrable. You might not be too worried about what happens to your car after you sell it but we’re here to tell you that you should be. If you decide to sell your car three years from the date of purchase, you’ll most likely have a lot more people vying to purchase the vehicle from you if you’re offering them something in return. A warranty is a great selling point – especially on a used car. It worked on you, didn’t it?

The last thing you should look for in a warranty is who pays if something happens to your car. Do you have to pay the mechanic and then wait for a check? Only purchase a warranty that doesn’t put you in the negative.