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Auto warranty refers to an agreement executed by a vehicle dealer with the support of a third party vendor to repair and maintain a vehicle for a specified period of time from the date of sale. An auto warranty covers repairs and maintenance cost of vehicles covering the power train, drive train, steering mechanism, power system and brake mechanism. Aftermarket auto warranties refers to warranty extended to used cars or pre-owned cars.Â
It is mandatory for every dealer of used cars to issue aftermarket auto warranty to customers. Those dealers not issuing warranty to buyers of used cars are liable for punishment under US federal law. Besides, it is illegal to run the cars on the roads without a valid warranty. On occasions, under pressure, car dealers might offer fraudulent warranties to car buyers. Beware of such aftermarket auto warranties. To ensure that used car owners are not cheated with fraudulent warranties, the US government has evolved law. It is called lemon law.Â
Review at least four different offers of aftermarket auto warranties before purchasing a warranty. The warranty period ranges between three months to three years. It is also offered for distance covered between 3,000 kilometers to 30,000 kilometers. Choose a flexible package since it gives you the freedom of changing the warranty if you are not happy with the service provided.Â
The aftermarket auto warranty, also known as the extended warranty, is the one warranty that offers the most flexibility and convenience than any other type of warranty service. The aftermarket auto warranty can cover any type of auto vehicle. It can be obtained simultaneously with the purchase of a vehicle, or it can be obtained five years after the date of the vehicle purchase. It can be used with another warranty type, or it can be used on its own.
But why would you want to apply the aftermarket auto warranty on a vehicle that already has a warranty? The answer lies simply in the fact that the aftermarket auto warranty is one that is meant to provide a subsidy type of coverage on most vehicles. You have to pay for the aftermarket auto warranty – it cannot simply be given to you unless you purchase a vehicle with an existing aftermarket warranty that the former owner would have paid for. The aftermarket auto warranty can be purchased at any time after the date of purchase of the vehicle, and it can even be used to extend the life of a current warranty coverage (you pay for coverage for an additional period of time after your first warranty expires) or the limit of your existing warranty coverage.
Most of the manufacturers of a vehicle offer a warranty with the purchase of the vehicle. Unfortunately the warranty is limited to a certain time period or a limit of mileage. After the manufacturers warranty expires all the repairing and unexpected breakdown costs have to be paid by the buyer of the vehicle. Maintenance cost keeps on rising higher and higher and you need to keep shelling out money to pay for the repairs. In such cases the best option is an After Market Auto Warranty. The aftermarket auto warranty program takes effect when the warranty period of the new car expires. With this aftermarket auto warranty program, various dealers of auto companies have experienced significant customer growth.
Many think that car insurance can fulfill this purpose, but this is not the case. Most of the car insurances cover costs in case of an accident and have an entirely separate option of maintenance and repair coverage. Opting for an After Market Auto Warranty seems to be an intelligent choice since these warranties can actually get you a discounted cost on repairs or spare parts that need to be replaced, which will save you more money in the long run.
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The aftermarket auto warranty is the warranty that you must buy from a service provider if you wish to get coverage on a vehicle that currently has none, or if you simply wish to extend the coverage period and coverage benefits to your vehicle. While other warranties are issued free of charge by the manufacturers, dealers, or person who sells the car, the aftermarket auto warranty is an independent warranty that you can buy anywhere; it is not limited to the people who sell you the car.
When purchasing an aftermarket auto warranty however, there are certain things you need to consider. Because it is a warranty that you must purchase, you should make sure that you obtain a money-back guarantee for a period agreeable upon by both parties. This is because you need to ensure that the warranty is right for you and that it covers what you need covered in your car. The best time to review the warranty is once you leave the service provider. This is because the dealer usually tells you what you need to hear to buy the warranty, but may leave out certain other vital information that you would not pick up on unless you were fully knowledgeable in the matter.
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The aftermarket auto warranty is also known as a warranty. It is the only warranty that can be used to fill the gaps or limitations imposed or left by other types of warranties. However this comes at a price. While you should never be asked to pay for a new car warranty, the aftermarket auto warranty has to be purchased – that is the only way that you can gain coverage from an aftermarket auto warranty. This warranty has also been referred to as a service contract – you get what you pay for out of the contract and nothing more or nothing less.
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The aftermarket auto warranty is able to extend the coverage period of an existing warranty like the new car warranty or the used car warranty. For example, if your used car warranty is to expire some six months after the date of purchase, then you could purchase an aftermarket auto warranty for an additional three years. Note however that the aftermarket warranty can only become valid once the original warranty coverage period has passed in such a case.Â
The aftermarket auto warranty is designed to protect your car, or more specifically to protect you when your car breaks down or wears down. It is a warranty or a service contract that is bought at an additional price to the vehicle purchase and it differs from all other warranties for the said reason – it is the only warranty that you must purchase. It is also the only warranty that you can get at any other time after the first purchase of the car; more so, you can purchase this warranty at any other dealer or service provider different to the dealer that you buy the car from.
The aftermarket auto warranty is different from all other warranties also for the very reason that it is not really a warranty. Since you are paying for this coverage, you could say that it becomes more of a guaranteed service that is valid for the terms of purchase agreed upon. Most times this term of purchase simply means the type of coverage (limited or fully comprehensive), the period of coverage, or the distance covered in terms of mileage. The aftermarket auto warranty is simply designed to extend the coverage of an existing warranty or to provide coverage for a vehicle where there formally existed none.
The aftermarket auto warranty is one of the few warranties that you will ever own that you would have the most control over. This is because the aftermarket auto warranty, also known as the extended warranty, which is a service contract that you have to pay an additional cost for when you purchase a car. This warranty also is different from all the rest in that it can be purchased any time after the purchase of your car, and can be purchased at that too from any service provider – not necessarily an authorized car dealer where you might pay twice as much for anything.
An aftermarket auto warranty can be purchased if you have a new car warranty, a used car warranty, or even no auto warranty at all. It is a warranty that provides you with additional coverage from independent providers. For example, if your new car warranty expires in two years, an aftermarket warranty can be purchased to extend the validity of the car warranty by any specified period. Or if your used car warranty only has limited coverage, you can buy an aftermarket auto warranty to specifically cover the parts of your car that are not covered (extending warranty coverage).
Buying a car is a luxury for many. Many have to wait for many years saving every dime, or opt to apply for loans with high interest rates. And still the car continues to incur costs if there is an unexpected break down or mechanical failure.
Even the best car can break down, or some major parts might not work as efficiently as it should. Usually car insurance will provide for repairs only in the case of accidents. For minor or major repairs or maintenance costs there is another option. This is where warranty services are needed. Though the car companies might provide warranties, third party warranties or an aftermarket auto warranty is needed. These warranties can actually get you a discounted cost on repairs or spare parts that need to be replaced, which will save you more money in the long run.
Whatever the warranty may be, careful consideration of the warranty details will help you in times of need. Many warranties might not cover major repairs or replace imperative parts. If you are looking to have these cost covered then you should consider the benefits of a bumper-to-bumper warranty.
At the time of buying a car, an auto warranty is provided by the company. Under this warranty, cost of all the repairs and services of the car is covered. But once the car is used for certain mileage, this auto warranty expires. For such vehicles, an extended car warranty or an aftermarket auto warranty can be purchased. This aftermarket warranty is provided by the car insurance company that offers various attractive and beneficial packages when your car meets a failure.
An aftermarket warranty can be bought through the original dealer or from the insurance company. In both circumstances there are some factors that need to be considered. The option of buying the warranty from the dealer is considered a better one because in this case it becomes easy to renew or sustain the contract in the future. But a major drawback is also attached to the option of buying from the dealer. The warranty bought from the dealer usually tends to be more expensive. It may also cover less than the warranty bought from the insurance company. But regardless of all this, it is always better to research about the insurance and the company’s options before investing in an aftermarket warranty.
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Auto warranty reviews refer to a mandatory practice that has to be carried out by every car owner before purchasing the auto warranty. This exercise helps the car owners choose what is best for them.Â
Before taking delivery of the car from the dealer, ask for at least four offers of auto warranty packages. The four offers will be of different price ranges and varied benefits. There are usually three categories of auto warranty depending on the time period and mileage covered by the vehicle. The period ranges between three months and three years. In terms of mileage, the period ranges between one thousand mile and three thousand miles. Evaluate the offer carefully before selecting the warranty package.Â
If you find it difficult to review or select the auto warranty, employ the services of a consultant. The consultant will review the auto warranty packages and select an ideal package for the car owner.Â
Also, there are publications that publish reviews of auto warranties. The publications are available at all car dealers. Insist for the review publications before selecting the package. The publications contain reviews of all auto warranties offered by various firms. Read each review carefully before taking a call on the package.