If you are thinking of buying a second-hand car, you have probably already considered all the possibilities.
You can buy a car directly from a private individual, from a specialist garage or you can buy it from a professional (the brand itself or a dealer).
Whichever option you choose, they all have pros and cons.
In this guide we tell you everything you need to know about a used car warranty.
What is a used car warranty?
A used car warranty is an agreement between the buyer and seller of a vehicle, setting out the terms and conditions under which the seller agrees to repair or replace certain parts of the vehicle for a specified period of time.
This agreement is a binding contract and both seller and buyer must comply with it and act in good faith.
Types of used car warranty
For used cars, even if they are older and have higher mileage, there is also the option of warranty coverage.
Extended warranty
When you buy a used car, you may have the opportunity to extend the original warranty (manufacturer's warranty), if it has not yet expired.
This type of agreement provides protection for your vehicle, even if it is older.
Used car warranty
Many dealerships often offer these for used vehicles.
These warranties can vary greatly in terms of time and coverage, but will be for a minimum of 1 year.
Dealer warranty
These are warranties that cover a short period of time after purchase.
These warranties may cover mechanical problems that may arise immediately after purchase.
Third party warranty
This warranty is offered by specialised companies, other than the manufacturer or dealers.
They can offer great coverage, but are often expensive.
Used car warranty and the Certificate of Conformity (COC)
In cases where you wish to import a used car and want to drive it legally, you will need a Certificate of Conformity in order to register it.
This document ensures that your vehicle complies with European driving regulations.
What should I consider when looking at a used car warranty?
First of all, there is a big difference between buying a used car from a professional and a private individual.
By law, in Europe, a minimum period of one year's cover is established for second-hand cars bought from professionals.
In contrast, there is no common law for purchases from private individuals.
Some countries in Europe provide for a period of several months and others none at all.
In cases of sale of second-hand cars between private individuals, we recommend that you draw up a contract with the agreed terms and conditions.
Secondly, it is essential that you read and understand the warranty conditions.
It is important to pay attention to:
- Time or kilometres of coverage
- What repairs are covered
- If there are any deductions or additional fees
- If there are any restrictions or requirements as to where repairs can be carried out.
- Whether there are any requirements as to vehicle maintenance
- Limit on the number of claims
Understanding the terms and conditions of the warranty is essential to honoring the agreement and not losing the right to receive your benefits.
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