A vehicle can experience electromechanical issues at any time, but the chances of breakdowns go up when the vehicle is used rather than new.
It would help if you remembered that owning a vehicle is an expensive affair. However, owning a used car is more expensive since it would often need part replacements and troubleshooting.
So what’s the solution? How can a used vehicle owner keep their vehicle ownership costs down?
Well, a used vehicle owner should invest in a used car extended warranty plan.
What are extended warranties for used cars?
The additional OEM coverage plan that one can buy for a vehicle from the OEM or a third party in a bid to pay partial or entire costs associated with repairing a vehicle if the vehicle suffers an electromechanical breakdown is known as an extended warranty.
Used car extended warranty – how important is it?
Used car extended warranties are pretty important especially when one owns a used car or used fleet vehicle.
Take a look at the following factors that make used car extended warranty plans important for fleet vehicle and personal vehicle owners.
Part and labor costs are covered under extended warranties
So you have witnessed after plugging in a car obd2 tracker to your used vehicle that it is generating quite a few errors. That indicates your used car will need part replacements and subsequent ECU tuning – all of this will entail hefty labor and parts costs. With an extended warranty for used cars, the labor costs and part costs will be covered.
Extended used car warranties are honored in certified repair shops
Please note that extended warranties for used cars are honored in all OEM-authorized service centers. Hence, you would not need to worry that your vehicle’s extended warranty will fail to shield you from additional expenses whenever your vehicle acts out and you’d have to take it to an OEM service center.
Reduced used vehicle ownership costs
Extended warranties for used cars also help owners to reduce the ownership cost associated with the used vehicle. You see, with extended warranties in place, you, the owner of the used vehicle, can get hefty discounts on repairs, labor costs, and even the cost of the new parts installed in the vehicle.
It is that simple.
Warranties protect the vehicle against depreciation and they are transferable as well
Extended warranties for used fleet vehicles protect a vehicle against depreciation. The best part is that, even if the vehicle changes hands, the extended warranty goes to the new owner along with the vehicle. In this way, if you want to sell the used vehicle, you can ask for a better price and at the same time, strongly negotiate with the buyer of the vehicle.
Drive your used vehicle with confidence
Buying a used car or fleet vehicle can be a gamble and it is natural for you to feel insecure especially when the vehicle doesn’t have any warranty. And since used vehicle warranties entail quite a few benefits, getting one makes sense now, doesn’t it?