If you are going to be buying or selling a car, you need to know more about your used car warranty. With some information about a warranty, you can make sure that you have some form of coverage in the event that your vehicle stops running smoothly in the early time you have it. As an insurance broker in Toronto, we have had success using used car warrantees to cover our clients from losses early on into their vehicle ownership.

Here are some top tips on what you should be looking for in your coverage for a warranty:

Service warranties

There are certified renowned programs that offer service warranties. These will give you a service discount or cover the cost of oil changes, brake pads or other failures to a certain KM value or a certain amount of time into owning the vehicle.

The offer of extended warranties:

An extended warranty could be worth it for certain vehicles. You may be able to extend your standard warranty to a 5-year span or renew your warranty before it expires.

Extended warranties can cover 3-5 extra years on average and take some of the costs out of owning your vehicle out. If you sell your vehicle again, there is even a chance that the extended warranty may carry over to the next owner.

When you are looking at a used car or when you experience a mechanical failure with your vehicle, be sure to check closely into the warranty you have as you coordinate with your Insurance broker in Toronto. You could be covered for some of the costs of your repairs.