Extensive markets exist for used cars.  These markets thrive because many people cannot afford the immediate costs of new cars.  Many car owners buy newer model cars and sell an old car every three or four years, thereby increasing the used car market.  These cars need to be appropriately serviced and repaired in order to function properly.  Many car dealers offer used car warranties on these cars, the length of each policy depending on the condition of the car.

The customers are advised to be careful of cheap unknown companies that attempt to sell used car warranties.  They should be well informed on the contents of the warranties and more particularly, conduct their transactions with a safe, reputable company.  This is essential so that they can reduce the likelihood of being robbed and cheated out of hard-earned money.

While many warranty companies offer warranty contract to used car buyers, it must also be noted that some of these companies also design their own auto warranties.  This means that they can insert hidden clauses which can be missed or by-passed by the salesperson.  It is your responsibility therefore to review thoroughly all clauses and have all questions addressed in a manner acceptable only to yourself before agreeing to buy any used car warranty.  Researching both the company and the warranty can prove to help immensely and save you a lot of regrets later on.