![]() ![]() Choosing the right option for you can save you thousands of dollars on repairs. To get right to the point if you are looking to get a used car covered against major repairs by extending coverage similar to an “extended warranty”, there are likely some excellent options. This is why many people look for used car warranties-they want to avoid the risk of a mechanical breakdown breaking the bank and leaving them stranded.Ĭan you buy an extended warranty for a used car in California? Many people finance used cars, so the prospect of paying for a major repair while you still have a monthly car payment can be a tough pill to swallow. This means if a major breakdown occurs you could be left holding the bill. Unfortunately, in many cases the manufacturer’s warranty is at or near it’s expiration date and/or mileage. This means that a very well maintained 3 year old car that was $60K new may only cost $28,240 after 3 years-which can make it a very wise buying decision. Vehicles usually depreciate between 20 and 30% in the first year, and 15-18% after that. Buying a previously owned vehicle that is 2-3 years old or more can be a great way to save money because you can get a great deal.
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