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Warranty for used cars


After-market auto warranty refers to a warranty issued to used cars sold by dealers in the used car market. Auto warranty refers to a service offered to a vehicle owner by the used car dealer in association with a third party vendor. It takes care of the repair and maintenance cost of the vehicle for a specified period of time. However, it does not cover the replacement and repairs of expensive spare parts of the vehicle.

Normally, used car dealers should offer four different packages to the car buyer. Make sure to review the after-market auto warranty packages before selecting the final offer. Review is of the utmost importance since the offers include various features. Read the features carefully since there are some hidden costs.

After-market auto market warranty packages come in terms of a period of months or mileage covered by the car. You can choose either of them, which ever is flexible. Beware of fraudulent offers. Sometimes, the features included in the offer are not extended. You are liable to pull the agency to the court. To avoid such circumstances, review the package carefully. Besides, customers are protected against fraud in the US which is normally called the lemon law.

Always choose a flexible offer since you can change the agency if the service rendered is not up to the expected level.

Get a car warranty before you lose too much

It comes as a surprise to most that their car starts getting mechanical failures as soon as the original factory warranty comes to an end. The pile of bills just keeps getting higher and higher and there is no way out of it. To avoid these most people go for a car warranty. The warranty ensures that you will have not only the peace of mind of knowing that should there be any mechanical failure in the car it can be easily repaired, but also that you can take it to the repair shop of your choice and have the cost of the claim covered by the company with whom you drafted the contract. The warranty nearly covers most of the costs of repairs from dead batteries to mechanical failures.

 

Nowadays another new trend is being set by the companies offering car warranties in order to ensure more customers. Some of the car warranty companies now provide their customers with free of charge transportation in case their car breaks down on the freeways. Now those who are stuck on the highways do not have to wait tirelessly for a Good Samaritan to help them.

 

Ask questions about your car warranty coverage upon purchase

While a car warranty would provide coverage for your car in cases of repairs and maintenance, it is important to remember that a car warranty is not the same as an insurance coverage.  Car warranties work by aiding the vehicle owner in the cost of maintenance and repairs on the vehicle, but only so long as the parts that are covered are those that are being replaced or repaired.  Car warranties are very tricky documents because even though a warranty contract says that your vehicle is fully covered, a lot of things can still go wrong in a claim for re-imbursement or vehicle repair assistance.
Of the many problems that may arise during a claim at a car warranty dealership or service provider, one of the most common is that you are not covered for the type of claim that you are making.  Some car warranties provide bumper to bumper coverage.  This is the highest level of coverage that most services offer, and it covers everything in your car besides the wear and tear.  The catch is however to ensure that the parts not covered are listed, because what you may consider as being included, your warranty company may have listed in the wear and tear non-covered section.

Am I spending my money wisely on the aftermarket auto warranty?

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.

Spending for repairs versus saving with a car warranty

 

While car warranties are not necessary by law (at least in some states), and while you can very well get along without a car warranty, the purpose of a car warranty is to save you money during times when your car would need servicing or repairing.  While auto insurance is made to cover you and your car against accidental damages, it does not cover the basic wear and tear damages of your car that occur from day to day.  You might be thinking that these repairs are minor, that you do not need car warranty coverage to assist you here.  But think instead about the money that you would have spent to maintain your car for a total of three years, and now think if you had saved that money instead, what you could be doing with it – a vacation, new rims, even put it towards your retirement fund!

 

How do you save money?  If your car is a new car, then most often it is automatically included with the purchase.  And all your repairs (check the actual term of coverage though) would be covered by your manufacturer for the time specified.

The aftermarket auto warranty compared to other warranty types


 

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.

 

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. 

The lemon law – a used car owner’s best friend

The used car warranty law, or used car lemon law, is provided in some states for vehicles that are not covered by a manufacturer’s warranty. This law provides a solution for buyers of vehicles that do not have the proper documentation. This law still allows purchasers or lease owners to benefit from hassle free repair and servicing normally issued to new cars. However, under this law there are special characteristics that define a used car and only when the car falls under these conditions is it covered by the used car warranty law. Some of these conditions are listed below.
The car must have been originally purchased, leased or transferred after 18,000 miles of operation or two years from first delivery. The vehicle should have had a purchase price of at least $1,500 and been used primarily for personal purposes only.  In addition, the vehicle should have been driven 100,000 miles or less at the time of purchase or lease. Under the law, cars that fall under these categories are those that will benefit from the used car warranty law. These laws tend to differ from state to state, so one should research the laws for your state.

Used car warranty law – the ‘sold as is’ policy

 

One of the popular used car warranty laws out today is the limitation of selling vehicles ‘as is’ without proper documentation in the buyers’ guides.  Even if you choose to sell a vehicle without a proper warranty, which is what the auto sales term ‘as is’ means, the law of several states state that the owners or dealers give you a written warranty.  This warranty allows you to be exempted from paying the fees necessary to repair the car or replace certain defected parts, as seen fit by the dealer.  You are even entitled to a full reimbursement if the car is not fixed after several attempts. This law is referred to as the used car lemon law, and no car can be legally sold by any dealer ‘as is’ under this law.  

It is the consumers’ right to understand these used car warranty laws and not be fooled by enthusiasts who are only trying to profit otherwise. Used car warranty laws are often misunderstood and should be more emphasized. It should be understood, however, that buying a car privately, and not from a dealer, does not guarantee the used car warranty law to be upheld and such matters should be settled via a lawyer. 

An auto warranty tip for auto warranty purchases


A useful auto warranty tip for first time car owners, and any other vehicle owner for that matter, is figuring out whether or not to invest in an extended warranty at all or if it is even worth the extra cost that you would have to pay for it.  Most people buy used cars because this is all they may be able to afford at the point in time.  But ambitions are set higher and most of those same individuals dream of the day that they will drive a brand new car.  So buying a used car is the immediate solution to one problem, and the stepping-stone to achieving greater things. 
It is also a temporary move with the intention that the car would be sold in the not-so-distant future – as short as a couple of months or as long as a couple of years.  The question to ask oneself is therefore: do I, or do I not invest in an additional warranty plan for this vehicle?  True, it would save you the hassle of breakdown repairs and even roadside service assistance, but in the long run would you be paying more money for this plan than you need to for your immediate use?  Is the additional investment a worthy one?  Chances are that if your car is in good condition and looks to need little or no repairs or replacements, then your best option altogether is to forgo the extended warranty!

What makes the aftermarket auto warranty different from others?

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.



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