Unlike the manufacturer warranty, you have many options to choose from with the used car warranty. Each provider offers different types of services, but most services can be broken down into a few main categories called coverage levels. While there are many used car warranty plans, there are only a few basic levels of coverage, which we detail below:
Bumper to bumper warranty: Many drivers value a warranty that covers all repairs to their vehicle. A bumper-to-bumper warranty even covers minor repairs like oil changes and tire changes. Of course, bumper warranties are more expensive than less comprehensive warranties. Still, they’re ideal for drivers who want to get all their repairs done for a flat monthly payment.
Declared component warranty: The listed component warranties have a long list of items covered. Of course, component warranties quoted vary widely in terms of the repairs they cover. Many stated component warranties have very lengthy contracts, and drivers must read those contracts thoroughly to ensure they are getting the coverage they want.
Powertrain Warranty: Some drivers only need their warranty to cover drivetrain repairs, which can cost thousands of dollars. Powertrain warranties generally cover damage to all components that power a vehicle’s wheels.
Keep in mind that you will find different prices as the cost of the extended car warranty depends on your individual situation. Get free quotes from some reputable extended car warranty companies to compare plans and prices.
How long is the warranty on a used car?
Used vehicle warranties protect your vehicle for a predetermined time or distance in miles. Most used car warranties offer up to 3 years/36,000 miles of coverage. This means the warranty will cover repairs for the first three years after signing it or after driving 36,000 miles, whichever comes first.
Machine Breakdown Insurance (MBI)
MBI is another auto protection product that covers the cost of vehicle repairs. The key difference between MBI and an extended warranty is that your auto insurance company sells MBI as a policy supplement. Typically, MBI policies have limited coverage options compared to third-party warranty providers.
Manufacturer’s extended car warranty
Many automakers sell their own brand protection plans. These plans compare well to third-party warranty providers in terms of price and coverage. However, they come with some serious limitations. While an aftermarket service plan can be used at any ASE-certified repair facility, most manufacturer warranties only cover repairs performed at branded dealerships.
Additionally, most manufacturers’ service plans have only one or very few coverage options. In comparison, third-party warranty companies typically offer multiple levels of coverage, giving you more choices about which components you want to protect or not.
Many manufacturers also set stricter limits based on the age, mileage and model of the car they are trying to protect. Some restrict you to only certified used vehicles (CPO). On the other hand, aftermarket warranties usually have options for a much wider range of vehicles.
Best CPO Guarantee
A CPO warranty is an extended protection warranty that is backed by the manufacturer and lasts longer than the new vehicle factory warranty for vehicles certified by the automaker after a thorough inspection. Below are our rankings for the CPO programs with the best used car warranties:
- Mitsubishi: Powertrain warranty period of 10 years/100,000 miles from date of in service; Bumper-to-bumper period of 5 years/60,000 miles; No excess, including roadside assistance.
- kia: 10 years/100,000 km warranty on the powertrain from the date of commissioning; 1 year/12,000 miles from date of purchase. This warranty program includes Roadside Assistance, Car Rental Refund and Trip Interruption Protection.
- Hyundai: 10 years/100,000 km warranty on the drive train from the date of commissioning. 5 years or 12,000 miles from date of purchase.
- HONDA: The powertrain warranty period is 7 years or 100,000 miles from the date of commissioning; The bumper-to-bumper period is 1 year or 12,000 miles from date of purchase. No deductible comes with roadside assistance.
- Acura: The bumper-to-bumper warranty lasts 6 years or 100,000 miles from the date of first use. Not removable; comes with free maintenance, roadside assistance and concierge service.