Got a Lemon?
Warranty is a service offered by the vehicle dealer that includes repair and maintenance of the vehicle for a duration prescribed under the agreement. As per the agreement, the dealer will be responsible for repairs and maintenance of the power train, drive train, brake mechanism and steering system. But the agreement does not cover the replacement of expensive spare parts. Besides, some warranties do not apply if the vehicle is involved in an accident. There are two categories of warranty. The new car warranty is issued to brand new vehicles delivered from showrooms. The used car warranty is issued to cars sold in the aftermarket period or pre-owned cars.
There are possibilities of fraudulent used car warranties being offered to the car owners. To protect car owners against used car warranty fraud, the US government has evolved a special law. It is also know as lemon law. If you are offered a fraudulent used car warranty, you can seek protection under the lemon law.
Review at least 10 different warranty offers before finalizing one. This is necessary to eliminate the chances of fraudulent used car warranty. Do not opt for warranty, which has fancy features. Settle for a short duration warranty.