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Many folks like to lease a new automobile every 1 to 3 years, or once the factory warranty ends. But in slow economic times people are starting to hold on to their cars longer and once their cars warranty ends they most likely find an aftermarket auto warranty for their used car. This would be considered the next best thing from having a new automobile with a warranty.
Extended Auto Warranties for Used Cars Are Available At;
Purchasing a new automobile is known as the worst investment anyone can make, as opposed to finding a aftermarket car warranty that will usually add value to your current automobile and is usually transferable if you decide to sell your vehicle. Not to mention you will be covered for most major mechanical problems and most likely will not have to ever drop a dime on vehicle repairs again!
The types of used car warranty plans can vary in cost and coverage options. If a vehicle has an extended service contract that covers just the powertrain, it is classified as a powertrain warranty. These types of used car warranties are usually the least pricey and only guarantee the motor, transmission and rear end differential for breakdown due to a failure of it's internal lubricated parts.
Then you have your basic extended auto warranty that will offer protection on the power train as well as certain other major systems that can go bad on a vehicle such as water pump, fuel pump, rack and pinion, master cylinders components for the braking system and many other costly systems that can be extremely costly to fix or replace. These are typically the most common aftermarket car warranty plans available because people get a good variety of systems covered and they are pretty affordably priced also.
The price of an extended service contract plan for a used automobile doesn't only get determined by the type of protection and covered components but also gets determined by the year manufacturer and mileage of the vehicle getting coverage. A 2004 Honda Accord with 45,000 miles would most likely be cheaper to purchase coverage for than a 2006 BMW with 45,000 Miles because parts and labor for the high line vehicle would surely be much higher. So there would be a big difference in the price of the auto service warranty coverage.
The most sought after type of aftermarket auto warranty coverage you can acquire is a bumper to bumper used car warranty plan. This category of coverage includes all of the protection options I spoke about above, including all electrical components, sensor systems, power seat mechanisms and door lock actuators, traction control systems, all wheel drive systems and just about every parts of every major system on a car. This type of auto repair warranty protection is absolutely great to have but can be a bit more pricey than the two options listed above. This type of aftermarket car warranty truly gives people real peace of mind!
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A lot of extended service contract companies will also give you a choice to either pay for a used car warranty all at once if it is attainable for you to do, or they may also take a small down payment of most likely a $400 and monthly terms as low as $15 or $20 per month. These types of plans are offered to help make good auto repair warranty coverage attainable to almost any driver who needs it. It's easier to lay out a few dollars per month and have peace of mind, than to not have any extended service contract coverage on your pre owned car and get left with a $2500 repair bill if your tranny goes bad. Remember there is nothing better than getting peace of mind when it comes to owning a used car!
Give it a shot and get yourself a free auto warranty quote. There are aftermarket auto warranty companies all over the net that can help you with aftermarket auto warranty prices but the provider that stands out in my head is UworkUdrive.com. They match you up with a reputable auto warranty company at no charge and have a great reputation for consumer satisfaction.
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