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The Importance of Getting A Used Car Warranty With A Used Vehicle Purchase

Most of us spend some time inspecting the vehicle before buying an old or second hand car. However, hardly anybody pays much attention to the used car warranty that is supposed to accompany the car. This is because most people are unaware of the fact that a used car dealer should provide the car’s warranty papers for scrutiny at the time of sale. Many people also do not consider it very important.

However, checking the warranty on a used car is extremely important because of a number of reasons. For one, the warranty documents serve as a guarantee that the car is in decent shape and even if it breaks down, then the new owner will not have to shell out unwarranted sums of money for its repair. Therefore, a used car with a warranty is always better than a car without one. On the other hand, a used car is much more susceptible to damage and defects arising out of wear and tear. As a car gains in years, a number of parts need to be replaced or serviced regularly in order to keep the vehicle in good working condition, and it is extremely important at this stage to have a used car warranty that pays at least part of , if not the full amount of repairs and replacements.

Get An Aftermarket Warranty that Covers Wear and Tear

Most people do shell out a substantial sum of money in order to get an aftermarket auto warranty or an extended warranty on their vehicles. This is a warranty that comes into play when the original warranty on your vehicle expires. Once you buy an after market auto warranty for your vehicle, then the bills for repairs and changed parts will be paid by your warranty provider. However, there is a major catch involved here that everyone who has or is planning to buy an aftermarket auto warranty should know about.

An aftermarket auto warranty, like most new car or dealer warranties, does not generally cover expenses and repairs related to wear and tear. So while an after market bumper to bumper warranty will take care of the expenses incurred on repairs and changes done to almost all the parts of your vehicle, it will still not cover your tyres and brakes etcetera. However, there are some companies that do provide warranty on wear and tear parts also, and it is advised that you go for a warranty that covers wear and tear parts even if it is much costlier than a regular mechanical warranty. This is because almost eighty per cent of all your repair charges are incurred due to wear and tear problems, and on an old car, you will definitely save a lot of money with this kind of a comprehensive warranty.

Warranty for pre-owned cars

Used car warranty is a service under which the vehicles are entitled to free repair and maintenance for a period of time from the date of its sale. The service will be rendered by the auto dealer in association with the vehicle manufacturer. The warranty covers the replacement of minor faulty spare parts. However, it does not cover the cost of the replacement of major faulty spare parts.

Used car warranty is issued to pre-owned cars or cars sold in the aftermarket. Normally, the price of used car warranty is higher when compared to the new car warranty considering the age of the vehicle. The warranty takes care of the vehicle’s drive train, power train, brake mechanism, engine and other major elements. Additional features for coverage under warranty can be included in the package. However, such an exercise will increase the price of the warranty.
Always hire an auto consultant before purchasing a used car warranty since there are plenty of fraudulent warranties in circulation in the market. These fraudulent warranties promise a host of services, which are hardly delivered. The car owners are protected against such fraudulent warranties under the US law. It is also called as the lemon law because of its protective nature.

Extended warranty on your cars

 

Car warranties provide you with a cushion and reduce the cost of repair and maintenance. There are a few companies that allow you to enjoy the benefits of car warranties even after the duration of the warranty is over.

Whenever a person buys a car on lease these companies allows you get your car warrantied at the time of purchase of the car. You are required to pay an extra premium for the warranty initially. Thereafter you are covered for any fault that you find in your car.

The premium that is charged may seem to be enormous initially, but in the long run you would be benefited. These are small money saving techniques that a car owner may choose to get rid of the liability of owning a car. The extended warranty is a good way to keep your car faults corrected for fewer prices.

For further information on car warranty you may consult your dealer. The dealer can lend you information on the companies that provide these finance facilities.

Get your used car warranted

A person may think “why to spend money on a used car and get it under a warranty?”. However, used cars are more prone to break downs than the new cars. The car warranty can provide you with a cushion so that you may continue enjoying the benefits without spending much on its maintenance and servicing. Car warranty for used car provides an added safety.  The warranty acts like a safety because the amount of money spent in getting the warranty done is in most cases much less than that required in maintaining a car and getting the car’s faults corrected.

When you purchase a car you can ask the car dealer to provide you with information on the companies that deal in used car warranty. You can directly visit company and after a few formalities are fulfilled you are provided with a warranty certificate. The warranty certificate acts as a proof that your car is under warranty. During the warranty period, if there is any fault that you want to get corrected, you can get it done for free, or the money spent in getting the car repairing is reimbursed on producing the bill.

Warranty for pre-owned cars

Warranty refers to maintenance and repair service provided by the auto dealers for a fixed period of time. The warranty takes care of the repair cost of the car. However, the warranty does not take care of the replacement of expensive spare parts or repairs. In warranty, there are two types. The first type is issued to new cars and it is called new car warranty. The second type is issued to pre-owned cars or used cars and it is called aftermarket warranty or used car warranty.

The price of used car warranty is expensive when compared to new cars since the risk involved is greater. Before choosing the used car warranty, evaluate at least five different warranty offers from service providers. This exercise will help you in eliminating fraudulent used car warranty. Do not opt for a used car warranty, which offers plenty of features. Opt for a flexible package since it will give you the right to change the service provider in case you are unhappy with the existing service provider.

The used car warranty is issued on the basis of two factors. The first factor is time under which the warranty is offered for a period ranging from three months to three years. The second factor is distance under which the warranty is offered for 3,000 miles or up to 30,000 miles.

Warranty for used cars

All vehicles on the road are entitled to a warranty service as per US law. Warranty refers to repair and maintenance service offered by the auto dealer in association with a third party vendors. This warranty will be in existence for at least two years from the date of the car’s sale. However, it can be extended depending on the convenience of the car owner. In auto warranty, there are two categories. The first category is called new car warranty, issued to brand new cars. The second category is called aftermarket auto warranty, issued to second hand cars or pre-owned cars.
It is mandatory for all dealers to issue aftermarket auto warranty at the time of handing over the vehicle to the buyers. Watch out for fraudulent auto warranty. In some states of the US, law has been evolved to protect car owners against fraudulent aftermarket auto warranty. It is called lemon law. Review at least five aftermarket auto warranties before finalizing the service provider.

The aftermarket auto warranty covers repair and maintenance of drive train, power train, brake mechanism, engine and steering system. However, it does not cover the replacement of expensive spare parts. The warranty is offered on the basis of time and distance covered by the vehicle.

How to shop for the right aftermarket auto warranty

Buying an aftermarket auto warranty is not as happy-go-lucky as some people make it sound.  You need to pay careful attention to certain facts about the service contract when shopping around so that you do not end up with a service contract that would only serve to embezzle your hard earned money from your bank accounts.

The first thing you need to determine is the length of validity on the prospective aftermarket auto warranty (also consider the mileage features).  If the warranty covers the same period or mileage as your existing warranty, then look again – this is not the one you want. 

Secondly, an aftermarket auto warranty should provide you with coverage that your existing warranty does not have – it definitely does not make sense to spend more money for the same coverage that you already have; it absolutely does not help.

Finally, make sure that the aftermarket auto warranty that you are interested in is backed by a financially sound party, and ensure also that former claims made against this party have been paid in full and on a timely manner to those it may concern.  You would not want to buy a warranty from a party that does not pay.

Legal ramifications of the used car warranty

If you have recently bought a used car and it has only now occurred to you to find out whether or not you got a used car warranty with the car, one of the first places to check is the buyer’s guide that you would have received with the purchase.  In some states, the buyer’s guide must be issued for every used car to be sold, but this may not always be the case.  Therefore if you did not receive a buyer’s guide, then the next best option is to consider the purchase agreement. 

Most used cars, even when sold without an official used car warranty from the dealer, are still liable for defects found after the purchase by the person who sold the car.  However, if you purchased a used car that clearly stated ‘as is’ in the purchase agreement, then you would have forfeited all rights to hold the dealer accountable for any problems you find after the finalization of the purchase agreement.  Whether unwittingly or not, you automatically agreed to accept the car is it was upon purchase, thereby also accepting that you hold liability for any repairs which you may deem necessary from that point onwards. 

The story of the aftermarket auto warranty and the used car owner


The aftermarket auto warranty is really useful to all vehicle owners, but most especially to the used car owner.  This is because he (or she) is the one who is caught off guard most times especially when they have just purchased a vehicle only to find that they did not receive or even enquire about the used car warranty.  Sometimes used car drivers are caught by surprise by the used car ‘as-is’ agreement, which clearly means that the prospective owner agrees to buy the car as it is with no liability or further responsibility being allotted to the former owner (or dealer) upon final transaction.

Having been caught in such a trap, you would indeed be at a loss for directions regarding how you should proceed.  You could buy a warranty to provide you with coverage for a specified period of time.  This warranty should be able to benefit you both in the short and long runs because most certainly your used car will need constant maintenance – which you would have to stand on your own without any warranty support.  The warranty that you would then buy is the aftermarket auto warranty, for it is the only warranty that can be purchased for a vehicle from independent dealers.



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