Have you ever shopped for a used car and noticed that large print on the price sticker which reads, "As Is, No Warranty?" An aftermarket auto warranty is how many people deal with a no-warranty used car purchase, and aftermarket auto warranties can also be applied to your existing vehicle where the current warranty is due to expire.

An aftermarket warranty, sometimes called an extended warranty, is usually sold by the car dealer or a third-party company and offers coverage for major parts of your vehicle in case repairs are needed. The options on an aftermarket auto warranty include coverage for the power system, keeping your car compliant with federal emissions laws, and a corrosion warranty. 

Buying an extended warranty offers longer protection for your vehicle. Once the original warranty has expired, you will have to pay the full cost of any repairs to the major systems of your vehicle unless you have extended coverage. Remember to check the contract for the exact terms of your coverage. Anything not specifically mentioned (such as ordinary wear and tear of major systems) is not covered.