Used Cars and Auto Warranties

For people who buy brand new autos, there's nothing like that new car smell. That's not the case with used car buyers, who've come to learn not to judge a car by its aroma. They think that new cars stink, especially when they realize that most autos depreciate 15 percent or more the moment they leave the lot.

Extended Warranties

Used car buyers sniff out value, which is why a used extended auto warranty generates so much appeal. The right warranty can lengthen the life of a car in a very economical fashion. Here are some tips if you feel that this idea warrants further study:

Take more than a peek under the hood. Before you start shopping for a used auto warranty, learn everything about the mechanical history of your car. With the vehicle identification number (VIN) of your car in hand, visit carfax.com to find information on the history and previous owners of your auto. Ask a mechanic to thoroughly inspect the vehicle. It might cost you extra upfront, but it will pay enormous dividends down the road.

Check the current warranty. Once you've established that the car is in good automotive health, find a warranty that will keep it that way. If you're lucky, the used car might still have a manufacturer's warranty in place. These types of warranties are comprehensive and usually tough to beat.

Extend the car's life with an extended warranty. If there isn't a manufacturer's warranty on the car, consider buying an extended warranty. These generally cover autos up to 150,000 miles. Find one that covers more than just mechanical breakdowns. Look for one that also includes wear and tear. Make sure that the auto warranty covers the big-ticket repair items, such as work on the engine, transmission, fuel pump, timing belt and more.

Used car extended warranties are plentiful. So be sure to scour the Internet and price a potential one carefully. With some diligence, you'll find the right deal that will help keep your car on the road, and your cash in your wallet.