An expired factory or extended warranty can cause worry when looking at a used car. One good thing to know is that the money you invest in an vehicle protection plan will not be lost should you choose to sell the car. Extended Vehicle Protection Plan coverage does not have to go away when you transfer ownership. When you market your vehicle, you can use the plan as an incentive. This makes a great selling point.
Buyers might be afraid to purchase a used car because it may have problems, especially when the warranty has expired. When they hear it has an extended vehicle protection plan coverage, this can put them at ease. You should never let the idea that you may be selling your car soon stop you from purchasing a used car extended vehicle protection plan. CARCHEX also has coverage that can be paid for monthly, so you are not paying for long lengths of time in advance.
When your factory warranty or extended warranty has expired, extended vehicle protection will not only save you on car repairs, but it will increase the asking price for your used car. Remember that the car is still covered, even when you transfer the title.