How Long is the Warranty for Used Cars?

[MadelineRose]

Generally, used cars come with a 2-year or 60,000-kilometer warranty. After 3 years, the depreciation rate of used cars increases from 5% to 10% annually. Warranty Conditions: There are two conditions for the warranty period: one is a time limit of 2 years, and the second is a mileage limit of 60,000 kilometers. If either of these conditions is met, it indicates that the vehicle's warranty period has expired, and any subsequent normal maintenance or repairs will not be covered for free. Depreciation Rate of Used Cars: Under good conditions, if the car is less than a year old and is one of the most popular models on the market, the selling price of the used car = new car price (net price) x 90%. For models with a certain market reputation, the used car price = new car price (net price) x 80%. If the market share is small and the brand is not well-known to most owners of less popular models, the used car price is approximately: new car price (net price) x 70% (or even lower).