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Investing in a used car is often not much of an issue with the average person who cannot afford anything but the used car. Not many appreciate just how risky the used car purchase can be. The used car is one that has been through the hands of one or more prior owners, and you have no way of identifying just how badly abused it was. Many people would replace the really worn parts of the car or apply shinny paint jobs to the body to make it look good, but truth is you will not know the real condition of your used car until you have driven it for a week or more yourself. I know because I speak from experience. Thankfully though my used car purchase included a used car warranty in the purchase agreement, so I was not completely out of sorts when I had to carry out maintenance repairs on my car within the first month of its purchase (on top of the loan that I was already paying for this car).
My used car warranty was a limited warranty (it still covered my maintenance though). Used car warranties can also provide full coverage for your used car, or they may be unwritten warranties which are implicitly implied in some states.
Everyone should have a car warranty. It is the guarantee from the provider that if your car ever need repairs they would cover the cost of the repairs or at least provide re-imbursement. Auto warranties however are not so simple or straight forward. There are a lot of paperwork involved and contracts to agree upon and clauses to verify and confirm.
Of all the car warranties that you can get for your car, the new car warranty is probably the most simple. This car warranty is automatically issued by the authorized car dealer or the manufacturer, and usually provides coverage for both breakdown repairs and wear and tear repairs, that’s something most people do not differentiate between.
Used car warranties are probably the trickiest out of all the warranties that you would ever have for a car. In most instances, these warranties may not cover both breakdown and wear and tear repairs, or they may have limited coverage that you would need to ask about. In addition, the manufacturer’s warranty may still be valid on some used cars. This coverage would sometimes be automatically transferred to the new owner with the sale, but sometimes you may have to pay extra for this.
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When you buy a vehicle, the warranty is one of the most important features that you should check for. This document is one that can save you a lot of money and hassles in the future. All new vehicles are sold with the manufacturer’s warranties. Therefore if you are buying a used new vehicle, then chances are high that the manufacturer’s warranty would still be valid. Auto warranty tip number one: check all vehicles for the manufacturer’s warranty so that you can assure yourself that you didn’t miss anything.
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This is probably one of the most important auto warranty tips that anyone can give you, for it can not only save you money, but also the shock of any unexpected surprises that may spring up. For example, you might be aware that your vehicle’s manufacturer’s warranty is still valid, but you may be unaware that your mileage mark is almost up or that you don’t have all the necessary paper work to file a claim. Other surprises that can pop up with the passage of a warranty from one owner to the next is claims coverage. Be aware of the parts covered by your warranty and those that are not.
The used car warranty law allows you to benefit from free repair and servicing on vehicles that are not covered by a manufacturer’s warranty. This enables those who cannot afford the luxury of brand new vehicles to still have the conveniences of a manufacturer’s warranties while obtaining decent cars at cheaper prices. In some states this is termed the used lemon law warranty. However, not all vehicles are covered by this used car warranty law. Motor homes, off-road vehicles and “classic†cars are not covered, along with vehicles registered under the section 401 of the vehicle and traffic law. Conveniently, motorcycles are covered by the law.
The used car warranty law not only covers the purchaser, but anyone to whom the used car is transferred or leased to within the period the warranty covers. It should be understood that private sales are not covered and these should be discussed with your lawyers for advice regarding legal protection. It should be ensured that the dealer issue a written warranty specifying the terms and conditions under which the car is sold. The contents of the warranty will include the parts covered, the extent of servicing and repairing and reimbursement, however, it is dependent on the dealer.
More often, people who are not able to afford a new car opt for a used car that saves them a lot of money. Purchasing warranty for a used vehicle is a must for every car owner. A warranty protects you against any defect, which is covered under a warranty plan. The dealer has to service the vehicle free of cost if there are any problems that arise during the warranty period. There are certain terms and conditions that are there in the warranty clause and you must be very careful when purchasing the warranty.
Used cars have special warranties regulated by special rules. Used car warranty law or the Lemon law is a special set of rules enforced by the states of the US. The law protects used car buyers against the risk of substandard or defective vehicles.
The chances of fraud are higher in a used car. Most state laws make car sellers liable to the buyers in case the car is faulty. They may even be forced to pay for legal fees, which a buyer might incur when a lemon case is filed. There are many forms of protection that are in-place for used car owners but it is our responsibility to check out the used car warranties before we buy any one.
Used car warranty law is one of the most important aspects of buying a used car. The first time car buyers especially have a safeguard against any fraudulent activities. Used cars come at great bargain price; however, necessary precaution is required to keep your car purchase safe and secure. Here, one must opt for the used car warranty to protect it from any unexpected incidents. But, at times warranties are not honored or are wrongly represented. At this time the used car warranty law becomes very necessary. It assures that the customer gets the necessary warranty coverage and is not victimized by the warranty providers.
The used car warranty law varies from one state to the other; however, a few basic points remain the same. These rules are:
- The customer has to pay a price of $1000 to $3000 for his car.
- The vehicle purchased must be at least 2 years old from the manufacturing date and the maximum of 6 year.Â
- The vehicle is used for personal use only or for some other household activities. It should not be used for any commercial purpose.Â
Besides these the dealers are bound to provide the necessary warranties and adhere to the same.Â
Warranty is a service rendered by the vehicle dealer in association with a local firm towards the maintenance of the car or any vehicle. Usually, a warranty is considered as the life insurance of a vehicle.
What the warranty basically does is takes care of the repair and maintenance costs of the vehicle for a particular period of time in case it suffers a breakdown. The warranty covers repairs relating to the drive train, power train, steering system, and engine However, it does not cover the cost relating to the replacement of defective spare parts.
Once the car is placed in the ‘used car market’, the warranty is no longer valuable after its original period expires. While purchasing a used car, make sure that the warranty has not expired. According to the rules, a dealer cannot sell a used car without issuing a fresh warranty.
There have been instances of fraudulent warranties being issued to owners of used cars. Such actions are liable for punishment. The Used car law is also known as the lemon law because of its flexibility. The used car law differs from state to state. However, one common feature to the used car law in all the states is the protection offered to the car buyers.
At the time of purchasing the used car, a customer can exercise his or her right to purchase a warranty of his or her choice.
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A used car warranty can be quite a tricky piece of paper to get. Among others, you must be aware of the status of any former warranties, the time frame validity on these warranties, and the coverage of the warranty that you are getting.
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I for one know firsthand the problems that can arise when you purchase a vehicle without a warranty. Even worse, when you purchase a vehicle with a warranty which turns out to be less than you expected, that can be quite an ugly experience. First of all, when you purchase a used vehicle, ask about the used car warranty. Even if it is still valid, it might be a good idea to obtain an extended warranty contract to supplement this. This is because most used car warranties only provide limited cover on certain parts of the vehicle, not complete coverage against any type of failure or breakdown.
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Another point to consider about your used car warranty is the company behind the refinancing of any claims that you might make. You need to be especially careful that your used car warranty is not backed by any shoddy refinancing bodies who may try to rip you out of any legal or rightful claims, or who may not be able to pay claims at all!
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Most times, an individual who purchases a used car doesn’t pay much attention to the details of his used car warranty. But in fact, used car warranties can be either full warranties or limited warranties, which cover on specified parts of the used car. It is often to find that the coverage for limited warranties – and even full warrantees – can vary from dealer to dealer.Â
While most individuals are fooled into thinking that they have full warranties, often too late do they find that their used car warranties are lacking in one way or the other. A full warranty should carry an implied warranty with no constraints on time validity, service should be guaranteed to the owner so long as the warranty is valid, and should be of no additional costs to the owner.Â
For limited warranties, only certain named parts of the vehicle are covered. Even for full warranties you can find that clauses are inserted, which specify you to pay in part or full for certain defects, or failures. A limited warranty implies more hassles, so you must exercise extreme caution when buying a vehicle with a used car warranty that offers only limited coverage.
It is always better to know the rules and regulations before opting for an appropriate used car warranty package. In the US, the used car warranty law varies from state to state. However, there are some common features across all states to ensure that vehicle owners are not duped by fraudulent used car warranty.
As per rules, no used car dealer can sell the vehicle without issuing the warranty to the car owner. In case, such transactions are executed without the knowledge of the used car buyer, the dealer can be taken to a court of law for deviating from the set procedures and norms. Also, the dealer should give the used car buyer the flexibility to choose an used car warranty of his / her choice. The dealer cannot force the car buyer to buy specific used car warranty.
Used car buyers should also insist on a wide range of warranties before finalizing any package. Make sure that the used car warranty package covers main aspects like power train, drive train, engine, break mechanism and steering system. There are possibilities of fraudulent used car warranty being passed on to the car buyers. Always, check the authenticity of the warranty by judging the testimonials of the firm issuing it.