Buying a used car is a great way for you to be a car owner even when you have a limited budget. When you weigh the pros and cons and know what to expect when you buy a used car, then you will enjoy your time owning a used car.
There are many things that you need to do to be able to live happily after buying or owning a used car. Maintenance and repairs are all a part of owning any car, but even more so for when you plan on or are an owner of a used car. With that in mind, one thing that your car will need and will be beneficial to you would be a car warranty.
What Is A Car Warranty?
A car warranty is a service contract that promises to pay for certain repairs on a car in the event of certain problems. You typically purchase it at the same time as a new car, or within a few weeks of buying it.
The warranty covers repairs to major components like the engine, transmission, and brakes. Some warranties also cover smaller parts like tires and windshield wipers. Purchasing a new car warranty gives you peace of mind in the event that your vehicle has an unexpected problem or breakdown.
A car warranty is a guarantee from the manufacturer that the car will not have any major mechanical defects for a certain amount of time. The length of this period varies depending on the country and can be anywhere between 3 months to 5 years.
The main goal of a car warranty is to protect you against expensive repairs in case something goes wrong with your vehicle.
Do Secondhand Cars Have a Warranty in the Philippines?
Used cars are a good alternative for those who cannot afford to buy a new car. But before you buy one, it is crucial to know if the car has a warranty.
A used car warranty is additional coverage that you can purchase as the buyer of a secondhand car. The seller can offer it to you or you can get it from the company that provides insurance for these cars. This type of warranty will cover parts and labor costs in case there is any defect in the vehicle during its use.
In the Philippines, secondhand cars are not a new thing. It is common for Filipinos to buy used cars because of the high prices of new cars and their lack of funds. As such, there are many used car dealers in the country that offer warranties for their products.
If you didn’t know you could still get a warranty for a used car, then this is a sign that you should try to get one for your used car now.
6 Benefits of Getting Your Used Car a Warranty
Getting a used car a warranty might be an additional expense in your life that you’re not sure whether or not it’s worth getting, so if this is the case, then here are a few reasons or benefits to getting a used car warranty.
1. Better coverage for repair costs
If you are buying a used car, then you should get a used car warranty. It will give you better coverage for repair costs and help you make the best decision when buying a secondhand car.
It will help cover all the repairs for your vehicle in case something goes wrong with it after the purchase date. It will also protect your investment in case something happens to your vehicle and it needs some repair work or replacements after the purchase date.
Used cars are a great way to get a car on a budget. But, it can be stressful to buy something that you don’t know much about. That is why getting a used car warranty is so important. Getting one will give you coverage for repair costs in the case of an accident or mechanical failure.
2. Other extra maintenance features and freebies that come with a warranty
Getting a used car warranty is an easy way to protect yourself from the hidden costs of buying a secondhand car.
Used car warranties are not all created equal. There are some that require you to put down a deposit, while others don’t. Some cover more parts than others. It is important to do your research before you buy one so that you know what kind of coverage you need and can make an educated decision about which one will work best for your needs and budget.
A used car warranty can help you through these maintenance benefits and extra freebies aside from the warranty that is offered by some companies.
3. Peace of mind
A used car warranty can help you get peace of mind. It helps you in the long run and it is a great way to save some money. People often overlook the importance of this type of coverage because they think that they will never have any issues with their vehicle, but that’s not always the case.
The peace of mind of a used car warranty is very helpful and it will give you the confidence that your secondhand car is in good condition. You won’t have to worry about surprise repair expenses if your used car starts acting up out of nowhere.
4. Better resale value
New cars typically depreciate in value the moment they are driven off the lot. With a used car, you won’t have to bear the brunt of that depreciation. Additionally, a used car warranty can help you get a better resale value for your used car because it protects you from any mechanical problems that may happen in the future.
A used car warranty can also protect you from any major mechanical issues that may occur with your vehicle. This is important because if something does go wrong, then you will not be responsible for any of the costs associated with fixing it.
5. Easier maintenance for your used car
Getting a used car warranty is a good way to make sure that you can get easy maintenance for your secondhand car.
The used car warranty will cover all costs for maintenance and repairs, which means that you don’t have to worry about the cost. You just need to make sure that you are getting the best deal possible when it comes to your used car warranty.
Since used cars will need more care for maintenance, then you want to make the process as easy for you as possible when you’re going through these maintenance tasks for your used car.
6. Longer-lasting vehicle
You might not know how well the car has been taken care of or what kind of maintenance it has had in its past life. With the right information, you can get a good idea about the condition of the vehicle and whether or not it is worth your time and money.
Getting a used car warranty is an important step in ensuring that your secondhand car lasts as long as possible.
One of the most important steps you can take when buying a secondhand car is getting a used car warranty. A warranty will help to cover the costs of any repairs that may be needed and can protect you from being out of pocket if something goes wrong with the vehicle.
There are many options available when it comes to choosing a used car warranty, so it’s important to do your research before making a decision.
Things to Note When Getting a Used Car Warranty
If the benefits sound like something that you would want to have for your vehicle, then here are some things that you can note before or when you’re getting your used car warranty.
1. Some car warranties don’t cover everything.
There are many reasons why you should expect that used car warranties don’t cover everything. For example, the warranty may be voided if the car has been in an accident, or if you have had to do some repairs to it.
The truth is that there are a lot of things that can go wrong with a secondhand car. And this is not just because of how old it is. It’s also because of how many different people have driven the vehicle before you, and how many different environments it has been in.
Therefore, you should expect that a lot of the used car warranties won’t give you full coverage and most of it will depend on the state of the secondhand vehicle that you have.
2. If you don’t make use of the warranty’s coverage, then it can be costly.
If you don’t make use of the warranty’s coverage, then it can be costly.
The warranty is a contract between the dealer and the buyer that protects you from defects that are not covered by your original manufacturer’s warranty. If you have purchased a used car, then it is important to read the fine print before purchasing a used car warranty. The coverage may be more limited than what you are expecting.
If you don’t use it, then you just got yourself additional expenses for no reason.
3. Used car warranties may not be worth it if you’re planning on getting a new car soon.
It’s important to know that the warranty for your secondhand car may not be worth it if you’re planning on getting a new car soon.
If you are purchasing a secondhand car, you might want to consider buying one without any kind of warranty because it can be costly and not always necessary. If you are thinking about getting a new car soon, then there is no point in buying one with an extended warranty because most manufacturers offer warranties that last up to 5 years or more.
What to Look For in Your Used Car Warranty
Now that you know whether or not a used car warranty is right for you, here are the elements of a used car warranty that you should look for before you get one.
1. Yearly Coverage/Mileage
The yearly coverage of a used car warranty is important to consider because it provides a measure of how much protection you will have in the event that something goes wrong with your used car. The higher the coverage, the better your chances are of getting the repairs or replacement work done at no cost.
The mileage or coverage of a used car warranty varies from one company to another. This aspect will determine how much money you will have to spend on repairs in case something goes wrong with your vehicle.
2. Extra Charges
Car warranties are an important investment. When you buy a used car, you want to make sure that the warranty is still valid.
The best way to get a used car warranty is to purchase it when you purchase the vehicle. This way, there won’t be any surprises down the line and your warranty will be valid for as long as possible. If you don’t purchase it with the vehicle, then make sure that you check if there are any extra charges when buying a used car warranty.
In order to make sure that there are no extra charges, make sure that you read the fine print and understand what is covered in the warranty.
When buying a used car, it is important to make sure that you are getting the best possible protection. Buying a used car with a transferable warranty is one way to make sure that you are covered.
A transferable warranty will cover the cost of any repairs in case something goes wrong with your car. This is a good idea because it can save you money in the long run and protect your investment.
4. Freedom of Choice for Mechanic
If you are looking for a used car and are considering buying one with a warranty, it is important to check what kind of freedom of choice the warranty gives you. If the warranty does not give you freedom of choice, it might be better not to buy the car because this will limit your options in terms of mechanics.
Should You Get a Used Car Warranty?
You might still be having a tough time deciding on whether you should get a used car warranty or not. To help make the decision easier for you, here are some tips.
How to know if you should or shouldn’t get a used car warranty
To know if you should get your used car a warranty, then here are some questions you have to ask yourself:
- How long do you plan on keeping your used car?
- How is the repairability of your used car?
- What is your driving style and how can it affect your car’s condition?
- Does your secondhand car have a warranty still?
- Can you afford repairs if you need them?
- Do you think you will be able to use the coverage and other benefits that you get from paying for a used car warranty?
Your answers to these questions will sway you one way or the other on whether or not you should be getting a used car warranty.
How to find the best-used car warranty for your vehicle
You can always opt to extend the current warranty if it’s still in effect for your used vehicle if you don’t know where to get a used car warranty. You can also shop around online for warranty providers, but you will have to let your used car undergo several tests to know how much the warranty will cost you.
However, if you’re still planning on buying a used vehicle, you can instead use Carousell to find a secondhand car for you. It will make the warranty searching process easier for you.
Some of the cars here have the Carousell Autos Inspected Badge that lets you know it’s gone through a thorough third-party inspection. It will even let you know if a vehicle is eligible for a warranty through our partnership with Premium Warranty Services Philippines, Inc. or PWSPI. So, you can simply get your warranty for your used car there directly.
A used car warranty is not for every vehicle, but the benefits that it can give you if you’re eligible for it will make your life a lot easier. Aside from that, it ensures that your used car will last longer under your care and reduces potential problems in the future for you regarding your secondhand vehicle.
If you are planning on buying a used car, then consider using Carousell for finding the right vehicle for you, even ones that are eligible for a warranty.
For now, take your time searching and weighing your options and if you find that your life and your vehicle will benefit from it, then get it sooner than later.