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What you should know about purchasing an auto warranty

The first tip about purchasing an auto warranty is that you never purchase is warranty unless it is truly an auto warranty and not some plan where you get minimal warranty coverage.  Both new auto warranties and used car warranties should be provided upon purchase of the vehicle, or not at all.  Sometimes even if these warranties are included, you might need to pay for transfer to your own name.
The only auto warranty that you should purchase is the aftermarket warranty.  It is advisable that you never purchase a warranty from the car dealer from whom you bought the car.  This is simply because all car dealers mark up their prices by as much as thirty percent and over.  Also, you must never buy an aftermarket auto warranty that is included within the final price of a car that you purchase under loan agreement.  This is because all loan purchases will carry an interest charge that would be spread over the total period of payment – that means that if your warranty was included in that price that you would be paying interest on it for years to come.  This could amount in hundreds of dollars unnecessarily spent on a warranty coverage that is worth less than twenty five percent of that.

Auto warranty reviews for extended warranty providers

Auto warranty reviews mostly apply to aftermarket or extended warranties or service contracts.  This is because these are services that you must pay in addition to the cost of what you paid for your car.

 

Most auto warranty reviews would tell you if the company is one that honors its claims, or how common the occurrence of unpaid or unsettled claims within that company is.  It is very easy to become trapped in warranties that contain little clauses that may be intentionally included or excluded as the case might be just so that the company doesn’t stand responsible for the claims made against them.

 

Auto warranty reviews also provide you with guidelines that can assist and prevent you from investing in fraudulent warranty companies or companies that do not really offer you what they advertise.  Most people get tricked out of their money this way, for they invest in a warranty online that says one thing, but doesn’t clarify its statements and leaves you little room to realize that they are doing this.  Unfortunately you would find out the hard way if and when you do try to file a claim.

More about car warranties

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.

An auto warranty tailor-made to meet your needs

The aftermarket auto warranty is one of the few warranties that you will ever own that you would have the most control over.  This is because the aftermarket auto warranty, also known as the extended warranty, which is a service contract that you have to pay an additional cost for when you purchase a car.  This warranty also is different from all the rest in that it can be purchased any time after the purchase of your car, and can be purchased at that too from any service provider – not necessarily an authorized car dealer where you might pay twice as much for anything.

An aftermarket auto warranty can be purchased if you have a new car warranty, a used car warranty, or even no auto warranty at all.  It is a warranty that provides you with additional coverage from independent providers.  For example, if your new car warranty expires in two years, an aftermarket warranty can be purchased to extend the validity of the car warranty by any specified period.  Or if your used car warranty only has limited coverage, you can buy an aftermarket auto warranty to specifically cover the parts of your car that are not covered (extending warranty coverage).

Let’s list the types of auto warranty that we can get for a vehicle


An auto warranty can take the form of a manufacturer’s warranty, a used car warranty, or an aftermarket auto warranty. A manufacturer’s warranty comes with the purchase of a new car and is included within the vehicle’s purchase price. In other words, you pay no additional costs for a manufacturer’s warranty or a new car warranty. Used cars on the other hand, may or may not carry used car warranties .

In some states it is the law to provide a used car warranty with all used cars sold. The law can vary from state to state however, so you need to check to see if you are entitled to the used-car warranty coverage with the purchase of your used car. Another type of auto warranty coverage thatr is optional is the  extended warranty or the aftermarket warranty. This warranty is one that can be used in conjunction with a new car warranty or a used car warranty to extend the time frame or total coverage of your vehicle.

An aftermarket warranty however is more of a service contract than a warranty agreement, meaning that you have to pay additionally for this coverage feature. A point of interest to remember though is that all cars are covered by an implied warranty unless specifically stated otherwise in a contractual auto warranty agreement that most dealers would provide in writing.

Auto warranty tips to keep at heart when choosing your car


 

 

Never trust a salesperson’s words especially when it comes to an auto warranty.  Why?  Quite simply because a wolf will always be a wolf regardless of the clothes he wears; likewise a salesman will always be a salesman even if it’s your favorite uncle trying to sell you his used car, he too winds up being nothing more than a salesman trying to get his car sold.  The point is, people will make promises and give their words without written contracts to get their vehicles sold. But at the end of a sale, without a binding agreement for that individual to stand the cost of repairs or to uphold whatever other promise he or she had made, you would not have a fighting chance to hold them to their words.

 

It is common habit for any dealer to provide with the sale of a car a vehicle guide that should include any and all agreements made and contracts sold with the car.  It is a very good idea to read this carefully when you agree to buy a car, or at least for the least to hold on to a copy of this – auto warranty tip number two!

Auto warranty tips when buying a used car


 

 

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.

 

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.

Benefits of enforced used car warranty laws

 

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.

After market auto warranty

Buying a car is a luxury for many. Many have to wait for many years saving every dime, or opt to apply for loans with high interest rates. And still the car continues to incur costs if there is an unexpected break down or mechanical failure.

Even the best car can break down, or some major parts might not work as efficiently as it should. Usually car insurance will provide for repairs only in the case of accidents. For minor or major repairs or maintenance costs there is another option. This is where warranty services are needed. Though the car companies might provide warranties, third party warranties or an aftermarket auto warranty is needed. These warranties can actually get you a discounted cost on repairs or spare parts that need to be replaced, which will save you more money in the long run.

Whatever the warranty may be, careful consideration of the warranty details will help you in times of need. Many warranties might not cover major repairs or replace imperative parts. If you are looking to have these cost covered then you should consider the benefits of a bumper-to-bumper warranty.

Use your warranty efficiently

A car warranty is like a promise that a manufacturer makes towards the customer. The warranty states the facts of the vehicle purchased by the individual and the legal implications involved with it, as stated by the manufacturer of the vehicle. All this information needs to be mentioned with complete honesty in the warranty. Thus, it becomes essential for the car owner to understand the warranty and not treat it just like any other piece of paper.

All car warranties do not have the same coverage criteria. The number of items of a car covered by the warranty and the time period for which it is applicable differ in each warranty. The first thing to be done to understand a warranty is to read it thoroughly. Almost all the parts of the car should be covered except for a few minor ones. To get the best from the warranty, the recommended schedules should be followed and the car should have regular preventative maintenance. At times the car manufacturers do not entertain warranties when the fault detected in the vehicle has occurred due to the carelessness of the owner. Also, make it a point to keep all records regarding the car, as proof for reimbursements.



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