Used car loans online or
local buy here pay here is one of the best ways to buy your next vehicle. Not only will you receive a very competitive price, you will be dealing with a network of dealers that specializes in offering you a hassle-free car buying process.
But in addition to a great price, a great warranty is a way to ensure that your next car ownership experience is as enjoyable as your buying experience was with an
online car loan. A great warranty is also a great way to avoid costly repair bills. But what's the best way to get one of these warranties?
Believe it or not, the best way to get a great used car warranty is to start with a vehicle that had a great new car warranty. You see, many pre-owned cars and trucks were, when they were new, backed by some of the best guarantees we've ever seen. With many of them, you can go four or five years, or even longer, without a major expense, no matter what breaks.
The good news is that these warranties provide you with protection against a potential financial disaster without having to spend tens of thousands of dollars on a luxury vehicle in order to qualify for one.
There are two basic types of warranties and either or both may be part of the vehicle you are considering for a used car loans online:
The first is the so-called bumper-to-bumper warranty that covers virtually every part, from the turn signal lever to the wheel bearings. Every new vehicle has one and it usually protects you for at least three years or 36,000 miles, whichever comes first.
The second type of warranty is usually called an extended powertrain warranty. This type of warranty extends the protection (beyond the bumper-to-bumper warranty) for major mechanical parts for up to 100,000 miles. These parts include such systems as the engine, transmission and other "drivetrain" components.
The first type of used vehicle that comes with a comprehensive warranty would be one that is already covered by both the bumper-to-bumper and the extended powertrain warranty. Buying one of these vehicles before the time and mileage components expire on the bumper-to-bumper warranty would give you the remaining bumper-to-bumper time as well as the remaining extended powertrain warranty period.
The second type of vehicle that would qualify for this type of coverage would be a certified used vehicle that has been certified by the manufacturer. Regardless of whether a vehicle's mileage falls within the original bumper-to-bumper warranty; most of these certified vehicles qualify for a limited bumper-to-bumper warranty (usually 30 days to a year) as well as a drivetrain warranty that can extend up to 100,000 miles. These vehicles are more expensive than non-certified vehicles by as much as $2,000, but the headaches they can save and the cash outlays that they can prevent can be well worth the extra cash you have to spend for used car loans online.
