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used car warranty vs as-is vs extended warranty
When you go
to the dealer lot, used cars will have WARRANTY or AS-IS checked on the sticker.
The warranty sticker by itself is only a remote indicator of what kind of
condition the car is in. The car can have no warranty based on how old it is and
how much mileage it has alone, yet it might be in sound operating condition.
However, the desire to extend additional warranty by the dealership can be an
indicator of overall quality of the car as it has been assessed by their
mechanics. Some cars that are sold without warranty MIGHT have some problems to
them, such as failure to pass emissions or excessive component wear. Buying a
car without warranty puts you more at risk, thus it is essential to check the
car's history and carefully and thoroughly inspect it to make sure that
everything is working properly. Most cars that are sold with dealership warranty
have limited coverage, such as partial coverage of certain components in case
the car needs a repair. It is important to carefully read the terms indicated on
the sticker.
Extended warranty
You can also purchase
extended warranty that will protect your car for a period of time after the
purchase. It can be a good investment on an older car, however on newer cars it
can be a waste of money. It's really up to you if you want to research an
extended warranty cost and see if it's worth if for you in the long run.
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