If you’re buying the vehicle brand new, it will come with what is called a “Factory Warranty”.
You might be asking, “When does my warranty run out?” A factory warranty is attached to the vehicle by the manufacturer, and covers any mechanical or electrical problem your vehicle has. When your warranty expires depends on a specified number of years OR miles, whichever comes first.
How Much Warranty Is Left On My Car?
The length of the factory warranty that comes with your car, truck, or SUV varies, depending on the make of your vehicle. If you’re unsure of how much Factory Warranty comes on your brand new vehicle, you can click here for a free chart that shows you how much warranty your car, truck, or SUV has left.
If You’re Buying The Vehicle Used
What will be left on the extended warranty is whatever has not been used by the original owner, according to years or miles, whichever comes first.
If you buy a car that is 2 years old with 25,000 miles on it, and that vehicle’s factory warranty is 3 years/36,000 miles, then you have 1 year OR 11,000 miles left, whichever comes first, before your warranty runs out.
Many people buy newer model cars with high mileage because they get a lower price, but you should be aware that when doing this you can find yourself buying a newer car that is already out of warranty due to the high miles.
If your vehicle originally came with a 3 year/36,000 mile factory warranty, and you are buying it when it is 2 years old with 40,000 miles on it, it is still out of warranty. Even though it only went through 2 years, it ran out of miles first. Always be aware of this when purchasing a newer model car with high miles. Higher mileage cars can cost more to warranty, and you may still end up spending the money you saved on buying a cheaper car.
If You’re Buying a Used Vehicle That Is Out of Warranty:
You will want to make sure that you check and see if the original owner ever purchased an extended warranty for the vehicle. If they did and it has not expired, you may be able to have them transfer it over to you. If your car has coverage, it’s important to not let the warranty run out. Always make sure you ask, since any extended warranty that may be left on the vehicle IS NOT automatically transferred over to the new owner.