Extended Lifetime Warranties
Although certified pre-owned warranties are very similar, they do vary some depending on the car manufacturer. They combine the manufacturers original auto warranty with a certified pre-owned auto warranty, and then offer roadside assistance along with other benefits. The advantages are apparent: instead of taking a risk with a used car that you know nothing about, you get a car with a complete history and auto warranty.
Chrysler decided to go one step further and offer extended service contracts for Jeep, Chrysler, and Dodge certified pre-owned vehicles. The contracts will be divided depending on what they cover. For instance, the Lifetime Powertrain Care will cover transmissions, engines, and drivelines; the Lifetime Added Care Plus will cover those mechanisms and also electrical functions in the interior, suspensions, and fuel systems; and the Lifetime Maximum Care plan will cover all of the above with just a few exclusions.
Chrysler has not yet announced pricing plans for these contracts, so it isn’t clear how much more consumers will have to pay to get a lifetime component auto warranty, or whether consumers will want the new car warranties at all.