Auto Warranty

Auto warranty is an important aspect of any vehicle. Never buy a vehicle, either used or brand new, without a valid auto warranty. Insist on a warranty from the dealer. While purchasing a used car, keep an eye out for a fraudulent auto warranty. Make the extra effort to ensure that you are buying a genuine auto warranty.

One important factor that has to be considered while selecting an auto warranty is a bumper-to-bumper package. Bumper-to-bumper coverage takes care of the entire cost, repairs and maintenance of the car in case of mechanical breakdown. However, this package is priced higher since the benefits are far greater.

If you find the bumper-to-bumper auto warranty to be too expensive, opt for flexible packages. However, any package should cover repairs and maintenance of crucial aspects like engine, transmission, brakes, drive axle, steering wheel and its accessories, power train, drive train, ignition and body.

Some warranty packages also come with free roadside assistance and towing service if the vehicle breaks down. It is always better to purchase a comprehensive package like bumper-to-bumper even if it is initially more costly.

If you have recently purchased a vehicle, you may have been faced with the question of whether or not to purchase an extended warranty.  Whether or not you need an extended warranty would depend heavily on the intended purpose for which you have purchased the vehicle.  Basically though, an extended warranty is a service contract that agrees to cover auto repairs and maintenance within the cost of the warranty for a certain time frame only.  Once you decide on the purchase of an extended warranty however, you must decide if you want the manufacturer’s warranty, or an aftermarket auto warranty.

The aftermarket auto warranty is a warranty contract issued and honored by a service dealer other than the manufacturer’s authorized dealers.  Aftermarket auto warranties are cheap and can be purchased for both new and used cars while manufacturer’s warranties are expensive and mostly cover new cars.  Also, an aftermarket auto warranty can only be honored by the issuing service provider, meaning that your vehicle must be taken to the same place for servicing or repairs as where you bought the warranty.  Another risk with purchasing an aftermarket auto warranty as opposed to a manufacturer’s warranty is the financial stability of the company that you are purchasing the warranty from – will they be able to honor the contract at all times?

Is the style of your car most important? Or is mileage a concern for you? Do you prefer a car with spacious room? The towing capability of a car? Safety? These questions pop up when people consider buying a new family car. For most people who want a spacious family automobile there are two choices of automobiles. One is a sport utility vehicle (SUV) and the other is a minivan.

While SUV’s are more eye appealing than a minivan, a minivan is slightly safer, having a lower risk of rollover than SUV’s. In terms of passenger and cargo space, both are almost the same although young kids may prefer minivans due to more spacious interiors and larger windows for a better view. Due to the characteristics of each vehicle, minivans tend to run more miles per gallon than SUV’s do.  But one must also consider the towing capabilities of the SUV ranging from a small boat to a trailer.

Picking the right vehicle, you should discuss the preferences of both you and your spouse if you are going to be sharing the car. Not to forget to consider the opinions of your kids as they might have their own preferences too.

Once you’re done considering all the pros and cons of each cara do not forget to purchase an aftermarket auto warranty. Aftermarket warranties will only assure your family of long term benefits.

The misconception in the air is that auto warranties mean an extra burdensome cost for many vehicle owners. What they don’t know is that auto warranties are a security against several heavier expenses that can incur if a vehicle develops some major break downs involving the essential components. Manufacturers provide most auto warranties and they act as an assurance on part of the manufacturer about the quality of service they are providing.

 

Most of the warranties have different clauses, which a buyer must understand. Some may be useful only against certain parts while others may include maintenance, roadside service and part replacement too. There are various kinds of warranties- general manufacturers’ warranty and power train warranty, which include engines, axle, drive shaft and other important vehicle parts; and full coverage warranty that covers every aspect of the cars. Warranties are also available as extensions against the primary manufacturer’s warranty. Buyers must ensure that they are dealing either with their own car dealers or with a reputed company. They should also read the warranty manuals thoroughly.

 

The decision of buying a car warranty ultimately lies with the owner. Having a warranty on the car simply means peace of mind in case of any emergencies such as unexpected breakdowns in the middle of the road.

As we know some of us turn to generic parts to replace car parts as most of them are cheaper than Original-Equipment Manufacturer parts (OEM). As reliable as they are, the issues of safety arise when using generic parts versus OEM parts. But a demonstration conducted by the Insurance Institute for Highway Safety (IIHS) shows there is no implications on safety factors when using generic parts. Affirmed by the institute the source of generic cosmetic car parts is irrelevant to the car’s crashworthiness. This affirmation is supported by Certified Automotive Parts Association (CAPA) by inspecting and guarantying generic automotive parts meeting their high standards. In addition, generic car parts suppliers are often the same that supply the manufactured OEM parts.

 
According to Insurance Institute for Highway Safety (IIHS) two 1997 Toyota Camrys were used in a crash test, while one used OEM cosmetic parts the other used CAPA certified generic parts including the hood. Both Camry scores distinctive results and received a good rating on crashworthiness. Nowadays as many as 2,500 types of parts received the certification; in fact a 5-year warranty covers most parts by the manufacturer or distributor.

 

As many there are reason not to buy an extended car warranty there are also as many as reason to buy one, for one there are always a chance of your car breaking down . Even if your car has a reputation to be dependable, you’re never certain when it can have problem.

You may think it doesn’t make sense in buying one, but if your car does break down, then you don’t have worry about paying the repair bills because your extended warranty covers all of the charges.

For some people, the price of extended warranty is too high while other people hope that they will never need one. Many people are not aware that you can find another place to get a warranty besides the dealer. Some online research would reveal there are many companies selling extended warranty with various price and coverage.

Before buying an extended warranty, be sure you know the product thoroughly and have your questions regarding the product answered by the company. Here are some questions you might want to ask regarding the product: how repair payments are handled? How about transferring warranty of a sold car?, do you require the car to be taken into a certain repair shop?, do they cover luxury options?.

Picture this, you’ve decided, picked, and negotiated with a salesman for the car of your dreams. Now you are thinking of closing the deal since you think that you are going to get the car on a bargain. Wanting to close the deal as soon as possible you follow the salesman to an office where you agree to the terms, but then he turns to you and tries to sell you additional insurance, undercoating, and other parts or services. This is where your good deal turns sour. Most people agree on the overpriced extras because of various reasons, in this case you are thinking that you’re getting a good bargain and a little extra won’t hurt. Other cases are some people are already tired of the processes of researching, deciding, finding which car they would choose so they agree over a little extra to get the deal close as soon as possible.

 Little do they know that these extras are often overpriced, and that’s where the dealer is able to make more profit since the profit of selling car is not as much since they’ve already lowered priced to get you to the dealership. These days a salesman is considered lucky to sell a $30,000 car with $500 profit.

Get yourself educated of these extras, pick one that you need and moreover if you think the extras are overpriced don’t hesitate to reject it. Be an educated and smart buyer. Last but not the least; be sure to look out for the new car auto warranty that comes with the car.

People spend a large amount every year on their car warranties. The recent studies show that the estimated amount spent on the warranties is around $28.1 billion. The OEM sector of worldwide spends approximately 3.4 times that of the OEM sector of US. There has been a slender augment in the warranty claims in the US, OEM’s sector from $10.9 billion in 2005 to $11 billion in 2006.

Anything, which moves on the wheels on its own power, is included as automotive, as per the definition given by the Warranty Week. The range of automotive includes motorcycle, cars, trucks, fire engines but not the airplanes. Some experts even exclude the off-road automobiles.

There is a wide range to choose the best auto warranty for your automotives depending on the personal choice and whether the vehicle is used for the private or public purposes. The changes in the warranty offered by different companies varies as the companies have different policies and have different ways to calculate the estimated cost and different models of the cars have different car warranties. The assumption of the conversion of the currency varies on daily basis which makes the accounting plausible.

The quality and reputation of an extended warranty company has a major role in getting our car insured. Generally, the two main parties who undertake the responsibility for extended car warranties are the insurance companies and the Risk Retention Groups (RRG).

It is always advisable to do a little bit of research about the company, which is going to insure the vehicle. Some of the important details, which should be well looked, include the present ratings of the insurance company, an oversight of its regulations, review about the company by past clients and its financial stability.

More stress should be laid on choosing an insurance company, which is rated among A-list by credit rating companies. Also, some other important factors, which should not be overlooked by a car owner is to include checking the compliance of an insurance company with government regulations. Insurance companies should have a steady record of submitting their annual financial reports with the government authority.

Most of the insurance companies seek to have business alliances with underwriting firms which have a considerable amount of experience in giving out car warranties rather than merging with RRG’s which are relatively new in the insurance industry and do not have much experience in giving extended car warranties.

In commercial terms, warranty stands for the undertaking of a product once consumers bring it into daily use. A used car warranty is an agreement between a dealer and consumer to help protect the used car buyer from additional repairs that maybe needed for their vehicle once it is purchased.
A car warranty is an essential investment that comes in real handy in the event of any breakdowns. It will save an individual from unnecessary expenses from getting the car repaired. Car warranties have now become an emerging business and many companies are making big fortune out of it.
An extensive research and comparisons between different companies is very essential before signing a contract with any company. It is advisable for a warranty buyer to check the original car warranty or if the extended warranty is still effective. A person should keep into consideration that terms and condition are provided to him in writing and the company has a good track record. It should offer wide coverage for the various parts of the vehicle that is transferable throughout the country. A car warranty is an expensive affair and the car- owner might be cheated in case he is not prudent enough. In order to keep your cars in good working condition and to save yourself from unexpected expenses it is essential for car owners to enroll themselves with the best possible warranty.