Friday, November 8, 2013

Can you get a warranty on a used car with over 100k miles?

Disk brake by Porsche
I've driven some jalopies in my life and had great affection for a few of them. I've had two Pontiac Grand Prixs that lasted over 200,000 miles and never had anything more than structural issues. So, while I see some people calling folks crazy for ever getting an extended warranty (of any kind) I don't know if they're as crazy as they're made out to be.

Case in point. My last Grand Prix, a 1998 that I sold in 2012, never had any major engine issues. What it did have was a problem with eating brakes. So while the car kept running well beyond its expected life span, the only thing that ate into my pocketbook were the rear brakes, which needed to be changed every two or three years. This, and a couple of other small issues with power windows got to be a little expensive.

Once the car approached 100,000 miles I thought, "I wonder if I can get an extended warranty up to 200,000 miles?" I figured I could at least break even on my expected brake repairs, and if anything else popped up I'd come out in the black.

The problem was, no matter where I looked or who I asked, I couldn't find anyone who could tell me if I could get a warranty at that point. I checked out Warranty Direct, Auto Warranty One and every other place on the web and I couldn't find a thing. I would have thought long and hard if I could have found what I wanted, but it wasn't an option. Anyone have any thoughts on this topic? I'm sure the manufacturers don't offer this, but do any reputable third party warranty places?

2 comments:

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