Where to buy extended warranty for a used car?
Have a used car? Thinking about purchasing one but not sure where to buy the warranty for your used car? You have a few options for buying an extended warranty for a used car in Western Canada.
- Buying from the dealership
When you purchase a vehicle from the dealership, you are likely to be offered extended warranty (or even Gap Insurance). There are several things to consider when being offered extended warranty at the dealership. This can be an expensive way of buying extended warranty coverage for your used car because of the layers of commissions built in. You should also consider who the actual warranty provider is. You may like your dealership but is that who will be approving any warranty claims? In most cases it isn’t.
The finance office may also suggest the cost of extended warranty is rolled into your monthly payments. This can hide the total cost of the warranty and mean you are not paying a fair price. Even if you do end up paying in monthly installments, it’s clearer to see the total price first and then you can decide if you want to pay it upfront or monthly. Without the total price, it can be confusing and unclear, and you could end up paying more than you expected.
- Buying online
Instead of going through the dealer, you can now go online direct with Obvi.ca.
Buying warranty for a used car online means several things; you can take time to do your research, you don’t have sales pressure because you can do it online from home, and you get a fairer price by cutting out multiple layers of sales commission. Obvi understands that consumers deserve a fair price, and they also deserve to understand exactly what they are paying for, which is why we strive to be transparent and have an easy-to-understand, simply worded policy.
Going online doesn’t mean you have to sacrifice customer service. Obvi strives to bring some of the best customer service to you by making experts available through online chat, phone, and email, whichever is most convenient for you. Obvi is also with you from purchase to claims so you always know who you are dealing with.
Should I buy a warranty for my used car?
There are several things you might want to think about when deciding whether to buy extended warranty for your used car.
1) How old is your vehicle?
Manufacturer’s warranties generally cover the first 3 – 5 years of a vehicle’s life so you will want to check your make and model’s coverage out first. Not every vehicle on the road is eligible for extended warranty when it is used so be sure to check the various coverage options available.
2) Is your car used?
Used cars are more affordable to purchase but you may not know how the previous owner treated the vehicle. For example, was the vehicle always properly maintained? What kind of a driver were they? You may find extended warranty is worth it because you cannot predict when you might need expensive car repairs and if the price and coverage are reasonable you can be covered for a long time.
3) Do you worry about the cost of car repairs?
The cost of car repairs can be a big issue and having a sudden and unexpected bill could put you in a difficult financial situation. If this is a concern, then an extended warranty policy might be for you.