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Determine Your Budget. Step No. 1, when buying a used car, is the same as the starting point for buying a new car — or buying anything, for that matter: Find out what you can afford.
The scope and duration of automotive warranties can vary significantly, but they generally cover areas such as: bumper-to-bumper warranty, powertrain warranty, corrosion warranty, emissions warranty and others. [2] There is also an "extended car Warranty" also known as a "service contract" which is purchased separately.
The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer. Extended warranties cost extra and for a percentage of the item's retail price. Some extended warranties that are purchased for multiple years state in writing that during the first year, the consumer must still deal with the manufacturer in ...
Since most states have requirements for a dealer to warranty or even guarantee a used vehicle for a certain amount of time and or mileage if sold to the public at a certain price, [10] a dealer must make a profit selling the previously traded car (now a used car). Trade-in value is an important facet of the car deal.
Check Out: 5 Used Cars You Shouldn’t Buy Learn More: ... “Offering one of the best warranties in the business, including a 10-year/100,000-mile powertrain warranty, the Elantra is a smart pick ...
Warranties which are sold through retailers such as Best Buy may include significant commission for the retailer as a result of reverse competition. [17] For instance, an auto warranty from a car dealership may be subcontracted and vehicle repairs may be at a lower rate which could compromise the quality of service. At the time of repair, out ...
Read more: Car insurance rates have spiked in the US to a stunning $2,150/year — but you can be smarter than that. Here's how you can save yourself as much as $820 annually in minutes (it's 100% ...
[1] [7] [8] When newer cars are more expensive or there are supply chain issues, consumers are more likely to keep and repair their existing cars, or purchase older used cars that require more regular repairs. [1] The average age of vehicles in the United States increased from the 6.5 years in 1980, to 8.5 years in 2000. [5]