By Steve Kicklighter
Do you really need a warranty on a used car? Absolutely!
Anytime you purchase a car as is, you are risking the entire
investment in that car.
If the value of that car is $300 it’s not a huge risk as
car values go, but $300 might be all the money YOU have in the world. You may
not have a job or the ability to come up with another $300. Even so, we
consistently have people reject our offers of extended warranties.
Recently we had a customer who was in the automotive repair
business purchase a vehicle worth approximately $15,000 and chose to reject
extending the basic 90 day limited drivetrain warranty we gave the
customer. We explained that we had the
vehicle thoroughly inspected and informed them of one minor problem we were
able to find, but recommended extending
the warranty further. The customer’s
response was, they felt these warranties were not worth the investment. Several months later, the customer
experienced a devastating repair cost on that vehicle that would have been
covered in full had they purchased an extended warranty.
Who among us in their right mind would purchase a $15,000
vehicle without full comprehensive insurance?
The same should apply to warranty coverage. Contrary to popular belief, warranties are
not very expensive and usually pay for themselves in the first two years. They are also often financeable. It is our
professional opinion that you should never purchase a used vehicle without an
extended warranty. The price of the
vehicle should help you determine the type of warranty you should purchase.
When it comes to protecting your used car investment, you
should always weigh the cost of a warranty against the risk of being without
one should the need arise. Then you will
come to the right conclusion.
Steve Kicklighter is owner of Kicklighter Auto Sales, a family owned
and operated used car dealership in Jacksonville, Florida. Visit his website at http://jacksonville-used-cars.com
On a purchase as large as a car and the potential expenses to repair its a no brainer.
ReplyDeleteAs they say, "You never miss the water til the well runs dry." That's the way it is with car warranties. When you consider that a transmission or engine rebuild can cost thousands, this is one insurance policy I always purchase.
ReplyDeleteUsed car warranty is necessary nowadays. It depends on the used car company of firm whether they are providing car warranty or not. If they are providing then it is better to take an advantage.
ReplyDeleteالسيارات الجديده والمستعملة في الدوحه قطر