The used car market is likely to to move towards offering longer warranties as standard says industry experts The Warranty Group.
The company believe that adding a longer warranty will make the used car buying experience as close as possible to buying a new car, especially when purchasing from manufacturers.
Studies have already found that a majority of people were already taking out longer warranties at an extra cost when buying used cars.
Ian Simpson, sales and marketing director at The Warranty Group said:
“The continuing shortage of used cars and the resulting increase in prices mean that buyers are, effectively, getting less for more.”
Adding:
“As a result, dealers of all kinds are having to look at ways of making their used car proposition more attractive and increased warranty provision is one solution.”
Analysts believe that if this is implemented it may , over time raise the level of expectation when buying a used car.
If you find your vehicle is not under warranty and face massive costs from dealers to replace parts then looking at second hand parts might be an option.
Services such as CarSpareFinder operate a part finder service which searches a network of dealers and car breakers to offer you a number of quotes on the part you need.
You can then choose which dealer you go with based on either price, location or even just personal preference.
The money saved can be huge, for example a spare engine taken from a breakers yard can cost over 50% less than dealing directly with a dealer. All that’s needed is help in finding these gems.
