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Most people tend to spend a lot of money when purchasing an aftermarket auto warranty or and extended warranty for their cars. These warranties come into play after the original warranty or factory warranty on your car is terminated. Once you purchase an aftermarket auto warranty, then the bills for changed parts and repairs are paid by your warranty provider. However, there is something very important to know when you are planning on buying an aftermarket warranty:
An aftermarket warranty, like most new car warranties or dealer warranties, doesn’t usually provide coverage for expenses and repairs that are related to wear and tear. While an aftermarket bumper-to-bumper warranty will take care of expenses incurred on changes and repairs performed on almost all of the parts of your vehicle, it still won’t cover your brakes, tires, etcetera. However, there are some companies out there that will provide a warranty that cover wear and tear parts as well. It is smart to purchase a warranty that covers wear and tear parts even if it a bit more expensive that a regular mechanical warranty. This is because approximately eighty percent of your vehicle repair charges are incurred due to wear and tear issues, and you will save a lot of money with this type of warranty, especially if you have an older vehicle.
If you buy a new car, an auto warranty is a smart investment to make. An auto warranty offers four types of coverage:
1. One type of coverage you can get is a bumper-to-bumper warranty. This is basic coverage that covers all parts of the car from bumper to bumper.
2. Another type of coverage you can get is a powertrain, or drivetrain warranty. This provides coverage for the parts of your vehicle that make it run. Some parts that would be included are the engine, the drive axels, the driveshaft, and the transmission.
3. You can also get coverage for corrosion or rust. This will cover any rust-through issues you may have on your vehicle.
4. A last type of coverage you can get is roadside assistance. This may be a service provided for you while you have a basic warranty that is active. It will provide you with things such as running out of gas, lockout assistance, flat tire assistance, and towing.
To familiarize yourself with all of the details of the type of coverage you will receive from your warranty, look in your owner’s manual or warranty booklet. If you still think you are not being provided with enough coverage, it is a smart idea to look into purchasing an extended warranty.
If you just purchased a new car, it is a good idea to purchase an auto warranty. New car warranties offer four types of coverage for your car:
1. One type of coverage you can get is a basic, or bumper-to-bumper warranty. This covers all parts of the car from bumper to bumper.
2. Another type of coverage you can get is a drivetrain, or powertrain warranty. This will cover all of the parts that make your car run. Such included parts are, the driveshaft, the engine, the drive axles, and the transmission.
3. You can also get coverage for corrosion or rust. This will cover rust-through problems.
4. The last type of coverage you can get is roadside assistance. This may be a service that is provided for you while you have an active basic warranty. It provides services such as flat tire assistance, towing, lockout assistance, or assistance when you run out of gas.
To familiarize yourself the all of the details of the coverage you can receive from your warranty, check your owner’s manual or warranty booklet. If you still are concerned that you are not being provided with enough coverage, it is smart to look into purchasing an extended warranty or aftermarket auto warranty.
If you just bought a new car, it is a smart idea to invest in an auto warranty. New car warranties offer four types of coverage:
1. The first type of coverage is a basic, or bumper-to-bumper warranty. This offers coverage on all parts of the car from bumper to bumper.
2. The second type of coverage is a drivetrain warranty, or powertrain warranty. This will provide coverage for all of the parts of your car that make it run. Such parts include the transmission, the engine, the drive axles, and the driveshaft.
3. The third type of coverage is for rust or corrosion. This will give you coverage for rust-through issues.
4. The fourth type of coverage is roadside assistance. This service may be provided for while you have an active basic warranty. This service will provide things such as towing, flat tire assistance, running out of gas, or assistance with lockouts.
To become more familiar with all of the details of the coverage you receive from your warranty, look in you warranty booklet or owner’s manual. If you still think you do not have enough coverage, looking into the purchase of an extended warranty is a smart idea.
Investing in an auto warranty for your vehicle is a smart idea. Cars tend to break down at any moment and the cost of repairs can be very expensive. A lot of people can’t afford all of their car repairs due to how costly they tend to be. Therefore, purchasing new car warranties or used car warranties is the decision most people tend to make to avoid having to pay for all of their vehicle repairs. Auto warranties can be bought through the car’s manufacturer, a local car dealership, or through an aftermarket auto warranty company. Most new cars will have a factory warranty included, but when that warranty ends you can always purchase an extended warranty.
When purchasing a warranty for your car, keep in mind that there are two different kinds of warranties you can invest in. You can either purchase a bumper-to-bumper warranty or a powertrain warranty. A bumper-to-bumper warranty will cover the cost of repairs on most of the car’s parts, but excludes coverage on parts that need replacement due to scheduled maintenance. A powertrain warranty covers the cost of repair on the moving parts of the vehicle. For example, it will provide coverage for parts such as the transmission and the engine.
Purchasing a warranty for a new car is smart because even if the car has mechanical problems, you still need to make your monthly payments, but the cost of repairs will be covered by your warranty. Having to pay for both repairs and monthly payments can be heavy on your wallet, so in the end a warranty will pay itself off by saving you money on repairs.
As manufacturers try to enhance sales for in 2008 many of them are offering incentives if you purchase one of their vehicles. In addition, new vehicles are also covered by an exclusionary bumper-to-bumper warranty.  For instance, all Chevrolet models are covered by the General Motors five-year or 100,000-mile powertrain warranty, which includes roadside assistance and substitute transportation, as well as a three-year or 36,000-mile bumper-to-bumper warranty.
You would think this would be enough coverage but many of a vehicle’s failures are not covered by their powertrain warranty. These breakdowns often occur after the three-year or 36,000-mile bumper-to-bumper warranty has expired.
It is for this reason that many consumers choose to purchase an extended warranty. Though manufacturers offer their own extended auto warranty plans, an auto warranty is generally available for considerably less money through an aftermarket auto warranty company. Compare coverage at sites such as autowarranties.com to see the high level of coverage and cost savings.
All 2007 models will receive new warranty program
Ford Motor Company is increasing its powertrain warranty on 2007 models. The Ford, Lincoln, and Mercury brands will be affected by this upgrade.
The Ford and Mercury brands will get an increase from a three-year, 36,000-mile warranty (which remains the bumper-to-bumper coverage) to five-year, 60,000-mile powertrain coverage. There will also be complimentary roadside assistance for the life of the warranty.
The Lincoln brand gets an even larger boost, with the new powertrain limited warranty being extended to six years or 70,000 miles. Its four-year, 50,000-mile bumper-to-bumper coverage remains unchanged. Roadside assistance on all Lincoln models is also covered for the life of the powertrain warranty.
Ford Motor Company has increased these offers based on high demand from dealers. These new offers will help to quell quality concerns and increase the consumers’ perceived quality of the brand.
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