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Used car warranty refers to an assurance given by vehicle manufacturers in association with dealers under which faulty spare parts are replaced within a specified period of time. The warranty period is decided by the car manufacturer for new car warranties. However, in the case of warranty for used cars, the period can be fixed by the vehicle owner. The period will be worked out by the agency in association with the vehicle owner.
The used car warranty, also called as after-market auto warranty, is priced higher when compared to new car warranty. This is so because the risks of servicing an aged car are greater when compared to a new car. As a consequence of this, a number of fraudulent warranties, with empty promises are in circulation. While purchasing a used car warranty, exert utmost care. Always opt for a genuine warranty. It is advisable to consult an expert before obtaining the warranty.
The US government has evolved a special law to protect car owners from falling prey to fraudulent used car warranties. This law is also called as lemon law. Review at least five different warranty offers from agencies before selecting one. Insist for various warranty offers with the dealer since it is your right.
Warranty is an assured service under which a company promises to replace a product or its part if found defective during a particular period of time from the date of its sale. Normally, the warranty period is in place between two to three years depending on the product. All consumer products have a warranty. Even cars and vehicles have a warranty. There are two types of auto warranty. They are after-market auto warranty and new car warranty.
After-market auto warranty refers to warranty issued to pre-owned cars or used cars. New car warranty refers to warranty issued to brand new cars. The warranty is extended by the car manufacturer in association with the auto dealer. However, some expensive spare parts are not covered under warranty for replacement. Besides, spares parts or accessories of the vehicles that are damaged due to accidents are also not eligible for replacement under warranty. Only if it is a genuine manufacturing defect, the spare part will be replaced under the warranty.
The after-market auto warranty is extended on the basis of distance covered by the vehicle. It could be upto 30,000 kilometers from the date of sale. It could also be against time. For instance, the warranty period will be in existence for up to two years from the date of sale.
All products sold to consumers are covered by a scheme under which the manufacturer promises replacement of faulty spare parts or the entire product. The scheme is called warranty. The replacement of the faulty product will be done only if the defect is detected within the warranty period specified. The warranty period ranges between two to three years depending on the product. The warranty is also extended to cars in two formats. The first fort is new car warranty and the second warranty is called used car warranty. It is basically a warranty against loss.
New car warranty means warranty issued to brand new cars and used car warranty means warranty issued to pre-owned cars. The used car warranty is also called as after-market warranty. Used car warranty is costlier when compared to new car warranty since the risks are greater. A factor going against the used car is its extensive prior use. The services and features offered under used car warranty are less when compared to a new car warranty.
It is better to consult a warranty expert before purchasing a used car warranty since the circulation of fraudulent warranty is more in the market. Review at least five different warranty offers before finalizing the deal with the agency.
A warranty is a repair and maintenance service rendered to a car by a dealer in association with the car manufacturer and a third party vendor. The warranty is issued at the time of delivering a brand new car or a used car from the showroom. The warranty takes care of the cost of the replacement of minor spare parts. The warranty does not take care of the cost of the replacement of expensive spare parts. There are two categories of warranties. The new car warranty is issued to brand new cars while the used car warranty is issued to pre owned cars or vehicles sold in the aftermarket.
While purchasing a used car warranty, watch out for fraudulent warranties, which are in circulation in the market. The US government has created a special law to protect car owners against fraudulent warranties. It is called the lemon law. If the dealers sell fraudulent warranties, which promise undelivered features, they are liable to be punished under the law.
A used car warranty is expensive when compared to a new car warranty since the risks involved are several. Therefore, be careful while purchasing a used car warranty. Review at least five different warranty offers before purchasing the warranty. Consult an auto dealer before purchasing the used car warranty.
All vehicles, including cars are entitled to repair and maintenance service for a specified period of time. This service is called auto warranty and is mandatory under the US law. There are two categories of auto warranties prevalent in the US market. They are the new car warranty and aftermarket auto warranty. The New car warranty refers to a warranty issued to brand new cars while an aftermarket auto warranty refers to a warranty issued to used cars or pre-owned cars.
There are multiple options under a new car warranty. The price of new car warranty is less when compared to a used car warranty since the risks involved are less. The warranty takes care of the cost of repair and maintenance of the vehicle’s drive train, power train, engine, mechanics, steering system and brake mechanism. To begin with, one should opt for a flexible package.
The advantages of opting for a flexible new car warranty are many. In case you are dissatisfied with the service provided, then you can change the warranty agency. Therefore, evaluate at least five different warranty offers before settling for one. Opt for a package that offers a warranty for three months or 3,000 miles covered by the vehicle from the date of the sale of the car.
Purchasing the aftermarket auto warranty is an important decision that any vehicle owner must make. He must consider if the decision is a worthwhile one or not, if his coverage would really be extended in any beneficial way beyond an existing warranty, or even if he would stand to benefit from increased mileage coverage. Additionally, the vehicle owner must consider if he would stand to benefit in the long run from the aftermarket auto warranty, or if he would lose from the investment – in the least, he must strive to break even with his investment.
When purchasing the aftermarket auto warranty therefore, the vehicle owner must consider among others what would be his deductible for any claim that he or she makes. Some warranties charge a deductible per visit, while others charge per repair. It would be most unwise to invest in a warranty with a deductible that charges you for every single repair that you do even if all in one visit. On the other hand, you should also consider the type of coverage that you are getting – would you have to stand the cost of the repair or visit and be reimbursed after, or would you have to get approval from your warranty provider that they will cover the repairs on spot?
Unlike the new vehicle warranty, the used car warranty is often one that goes unnoticed or overlooked by many. The importance generally associated with the new warranty is not mirrored in any bit by that of the new car warranty, but oddly it is the used car warranty which draws the most attention at the end of the day.
The used car warranty, for example, is that which would aid the owner of the used vehicle to stand repair and maintenance costs for his used vehicle where he would have had to otherwise pay out of his own wallet. While agreeably the new car warranty does the same, it is undoubtedly the used car that finds its way to the repair shop more often than not. Think then of the amount of money that the used car owner would have had to spend over time for each of these visits, for each of these repairs, or for each of these services if he had not had the assistance that the used car warranty provides. With the used car warranty, the vehicle owner has the preference that his warranty coverage should cover his repairs so long as the warranty is still valid and the repair in question is covered under the warranty.
You certainly must have heard that there are companies that provide the warranty facility for the new cars. You might have a query; do these companies provide warranty for the used car as well?
Yes, there are a number of companies that are providing car warranties for the used cars. A used car has a higher risk associated with it in terms of the expenses that may be incurred in the car repairing and its maintenance. To help you buy a used car without any risk, and to cover the expenses that you may incur with the used car, you are provided with an option, and that is to get the used car warranted.
The charge for getting a used car warranted is comparatively higher as compared to the charges for getting the new cars warranted. The used car warranties are provided when you buy a used car. After purchase if you get the car warranted then you are reimbursed for the expenses that are incurred in getting the car corrected. Car warranty provides you with an added cushion so that your expenses in the form of car maintenance are cut down and you get higher savings.
Warranty refers to repair and maintenance service provided by car dealers in association with third party vendors. The service will take care of the repair and replacement cost of minor spare parts. However, the warranty does not apply to replacement of expensive spare parts. The warranty will be valid for a period of time agreed by the car owner as well as the service provider. There are two types of warranty. The first type is the new car warranty, issued to brand new cars. The second type is the used car warranty issued to pre-owned cars or those cars sold in the aftermarket.
Used car warranty is expensive when compared to new car warranty considering the age factor of the car. Always insist on a used car warranty while purchasing the car. Under US law, all cars should necessarily have a warranty. If the dealer is not interested in issuing a warranty, the same can be procured from a third party vendor.
Review at least six different warranty packages before finalizing the deal. There are instances of fraudulent warranties being offered by the agencies. Therefore, beware of fraudulent used car warranty. Consult a professional before purchasing the warranty. Buy a flexible warranty since it gives you the option to change the service provider.
The used car warranty is often usually a limited coverage version of the new car warranty. The prospect of covering, or insuring, a used car against breakdown and wear and tear repairs is a lot more daunting than it is when considering the same for the new car – at least for the company backing the claim.
Therefore its obvious for one to assume that the used car owner would stand to benefit the most from a used car warranty. We take for granted that business is business, and every risk must be converted into a profitable investment.
Most of us used car owners accept the fact that the used car warranty provides only a limited coverage for our vehicles, and we do appreciate that we can make the use of it in terms of compensation when it comes time to repairing or maintaining our used vehicles. But the investor does not go home empty handed either – the majority of the parts of the used car that may be covered by the limited coverage are often not parts that we would regularly replace or which would need regular maintenance. This therefore means that fewer claims are filed or awarded, and the business continues to be a booming one.