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Common misconceptions associated with the used car warranty

Many people, especially the more inexperienced ones, often tend to misinterpret the used car warranty as being the equivalent of the extended warranty.   
 

This is primarily because many used cars are not able to qualify directly for the used car warranty, and thus the owners settle for an extended warranty (a warranty which supplements or replaces the need for a new or used car warranty).  The reasons that most used cars do not qualify for the used car warranty may be one of two – either the car has been used beyond the coverable mileage allowance (usually between fifty thousand miles and one hundred thousand miles for most vehicles) or it is beyond the coverage age of the vehicle (normally vehicles older than ten years do not qualify for warranties). 

But another reason pervades as to why many inexperienced used car buyers are so unaware about the difference between the different types of warranties, and this has to do with the fact that not many used vehicles are in fact sold with used car warranties.  While the law in most countries and states do specify that all used cars must be sold with warranties, this is often overlooked by the agreement to sell or purchase the vehicle ‘as is’.  Sadly, the inexperienced person does not know that by agreeing to an ‘as is’ purchase that he has just released all rights to claims and assistance for maintenance of his used car. 

Posted on Friday, July 27th, 2007 at 4:36 am In Used Car Warranties  


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