An auto warranty is a service encapsulating repair and maintenance of the vehicle for a specified period of time. The auto warranty is extended by the auto dealer to the vehicle owners in association with a third party vendor. There are two types of auto warranties. The first type, called the new car warranty, is issued to brand new cars. The second type, called an aftermarket auto warranty, is issued to pre-owned cars or used cars.
The aftermarket auto warranty normally covers the repair and maintenance of the vehicle’s drive train, power train, steering system, brake mechanism and other important aspects. Though the cost of the replacement of inexpensive spare parts is covered under the warranty, it does not apply to expensive spare parts. There is another type of aftermarket auto warranty, which completely takes care of the vehicle. It is called bumper-to-bumper warranty. However, it is expensive when compared to other warranties.
There are various categories of aftermarket auto warranties. They are offered on the basis of two factors. The time based warranty is offered for a period ranging from three months to one year. The distance based warranty is offered for a range covering 3,000 miles to 30,000 miles. Choose a flexible package.