How to Buy the Best Extended Vehicle Warranty

Posted by Daria King on December 29th, 2019

New cars come with vehicle warranties designed to cover manufacturer defects or other non-maintenance related problems. But what about older vehicles or newer vehicles that have warranties that have run out? What protection is available for vehicles 10-20 years old? 

If you bought a used vehicle or your current vehicle’s tripometer has pushed past 80,000 miles, an extended vehicle warranty can give you the protection you need. Buying one of these policies gives you peace of mind that you won’t have to worry about coming up with several thousands of dollars for unexpected repairs on major systems. Keep reading to learn some tips for finding the best-extended warranty. 

New Vehicle Extended Warranty Protection

A common situation many vehicle owners find themselves in is that their vehicle’s original warranty has run out. Manufacturer warranties cover problems on new vehicles up to so many years and miles. Many vehicle owners find that they reach the mileage threshold much quicker than the year threshold leaving them without protection. If your new vehicle warranty is getting close to expiring and you still owe on a vehicle loan, consider a manufacturer extended warranty. These warranties are great for car owners who don’t replace their vehicles every few years. 

Classic Warranty Coverage

Do you drive a classic car? Class vehicle service plans cover many American, German, and Asian classic vehicles. These plans often require that the vehicle be older than 20 years, but not manufactured before 1929. 

Services Offered

When shopping for an extended warranty, read the fine print and know exactly what parts the warranty covers, the maintenance requirements, and your deductible. The best car warranties cover the transmission, engine, transfer case, drive axle, and cooling parts like the water pump, radiator, fan, and a fan clutch. 

Available Options

Great extended warranties also offer optional coverage for specialty items in your vehicle. Examples of available options may include parts like convertible tops or entertainment systems. Other options may include unlimited mileage, sensor upgrades, and suspension upgrades. If you plan to sell your vehicle and there’s still time on the contract, is it transferrable? Transferrable warranties add to your vehicle’s value. 

Before signing an extended vehicle warranty contract make sure you’ve researched all your options. The more research you do, the easier it is to find the best warranty to cover your vehicle whether it’s a 2006 Camry with 100,000 miles or a classic 1969 Corvette.