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Each extended warranty is different, but generally, extended warranties have a time limit or mileage cap. For instance, some warranties last up to three years or 36,000 miles, whichever comes first.
The high cost of buying a car is one reason it can be so tough to decide whether to add the extra expense of an extended warranty. According to Motor1.com, the total cost of an extended warranty ...
For example, if the vehicle’s mileage is high, the car might have a shorter lifespan and require expensive repairs, making the purchase not worth it. Take care to look the car over thoroughly.
New car factory warranties commonly range from one year to five years and in some cases extend even 10 years, with typically a mileage limit as well. Car warranties can be extended by the manufacturer or other companies with a renewal fee. Used car warranties are usually 3 months and 3,000 miles.
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.
“If your car is debt-free, the optimal time to sell your car is usually before its factory warranties expire, which for most new car warranties is at 36,000 miles or three years, and for ...
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