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How to make the best of your new car warranty

 


 

A new car warranty should be sufficient enough to cover a new car from any unexpected failures or breakdowns that may occur in the first few years of ownership.  Most people go on to purchase extended warranties for their new vehicles, but this is often unnecessary unless you cover a lot of mileage within the average day to account for your warranty miles.  With every new car warranty purchase, you are also guaranteed roadside assistance to match the validity period of the new car warranty.

 

You must be careful about following the requirements stipulated in your new car warranty upon purchase.  Most warranties insist upon regular service maintenance at listed dealers only.  If you were to even miss a single service checkup date, or inadvertently have a defect on your car repaired at an unlisted dealer while you are out of town, then you would automatically voided your warranty.  In such a case, you would have unquestionably given up all rights to further warranty services and roadside assistance services provided by your dealer.  You could continue service at the same dealers yourself, but the charges for these are often very expensive which makes finding an alternate dealer the better choice.

Is the aftermarket auto warranty right for you?

 


 

Aftermarket Auto Warranty is a useful service contract to have regardless of if you recently purchased a new vehicle or a used vehicle.  It is a warranty contract that offers you additional coverage on an existing policy. 

 

For new cars, it provides coverage beyond the time frame covered by your manufacturer’s warranty.  In addition, it can provide additional coverage for the claims not covered by your manufacturer’s warranty.   The aftermarket auto warranty is purchased separately from the manufacturer’s warranty, and before purchase, you should carefully review all clauses and commitments within the contract.  The aftermarket auto warranty is available from independent service providers different to your dealer or auto manufacturer. 

 

For used cars, the aftermarket auto warranty provides additional vehicle coverage where the manufacturer’s warranty is void or is due to expire shortly after the purchase date.  In such cases, it extends you vehicle coverage for the period specified in the service contract.  Unlike the manufacturer’s warranty, you have to pay for the additional coverage provided by the aftermarket auto warranty.

 

Before you purchase an aftermarket auto warranty, you must consider if it is worth the extra money that you are paying for it.  Only if you can be sure that you would be required to claim for any coverage within the period of ownership is the aftermarket auto warranty a good choice for you. 

Useful tips about obtaining a used car warranty

 


 

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.

 

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.

 

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!

Before you buy that aftermarket auto warranty, consider …

 

An aftermarket auto warranty is basically an extended warranty contract.  Most people buy these because they think that more coverage is better coverage, but they do not take the time to think carefully about whether or not they really need an aftermarket auto warranty.

First of all, the manufacturer’s warranty is the first warranty that any vehicle ever possesses.  Is this warranty still valid?  If it is, you must then consider the remaining mileage or time frame till this warranty becomes void.  Secondly, what is the purpose of your purchase?  Is eighteen months coverage enough for your purposes?  What is the average mileage covered per day – would fifteen thousand miles be enough for your driving distances?  If not, then the aftermarket auto warranty might be for you.

You also need to consider the possibility that you would sell the car before the manufacturer’s warranty is even up.  If such is the case, then it makes no sense at all for you to invest in an aftermarket auto warranty – quite simply because the purpose of the aftermarket auto warranty is to provide extended coverage beyond your manufacturer’s validity (this can be both time periods and limited coverage). 

Warranty for life

Auto warranty refers to a service under which the car dealer in association with a local firm takes up responsibility for the repairs and maintenance of a car for a brief period from the date of sale. For instance, if a particular vehicle develops a mechanical failure or engine fault, the repair charges will be covered under the warranty. A vehicle owner doesn’t have to pay for the cost incurred to repair the car.

The auto warranty covers some basic aspects of the car like engine, drive train, power train, break system, steering system and other small repairs.

An auto warranty comes in two categories. They are original warranty and after-market warranty. Original warranty is the warranty issued to the car owner at the time of purchasing a brand new car from the vehicle dealer. This original warranty comes for a limited period of three years or the minimum distance covered during that period.

Once the original warranty period expires, car owners can choose an after-market auto warranty. They are called so since they can be subscribed to only after the original warranty period expires.

Just like original warranty, the after-market auto warranty comes loaded with features. The best known package under after market auto warranty is the ‘bumper-to-bumper’ package, which takes care of the entire vehicle.

Choose the best

Auto warranty refers to the service package offered by the car dealer in association with a local firm regarding maintenance and repairs of the car. This warranty comes for a limited period on distance covered by the vehicle. Usually, the warranty period comes with a minimum maintenance period of three years.

In case the car experiences a mechanical failure or engine breakdown, the warranty takes care of the costs involved in repairing them. However, the warranty does not cover the spare parts required to set the engine in condition. Normally, the auto warranty covers almost all the important features of a car like drive train, engine, power train, steering system and break mechanism.

Choose the auto warranty that offers maximum service. For instance, the most popular warranty package is the ‘bumper-to-bumper’ warranty, which covers the entire aspects of the car. Auto warranty is to car what life insurance is to human beings.

There are a number of companies engaged in auto warranty. Check with the car dealer on the packages of warranties available before accepting those offered at the time of purchasing the car.

In case, you are not satisfied with the service offered by the auto warranty firm, then the car owner has the freedom to choose another company.

Know the rules

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.

Read your aftermarket auto warranty carefully!

 

 

More often enough, people are under the assumption that their responsibilities of maintaining their vehicle seizes once they get aftermarket auto warranty.  Buying an aftermarket auto warranty however does not necessarily imply that your car’s maintenance and repairs are no longer your immediate concerns.  In fact, it is quite easy to get oneself into a fine mess if not careful about the purchase of the aftermarket auto warranty.  Time and time again you have heard it: “Read carefully before you sign or buy!”  Most people would be surprised to know that the most common reasons for a warranty claim to be denied are because of a lack of understanding of the information within the warranty, or simply the neglect to read the information within the warranty.

Most aftermarket auto warranties require that you service your vehicles at the specified servicing times or mileages specified in your contract.  Even missing a simple oil change can mean that you have broken your contract.  Remember, most companies operate to make money, and where possible they try to avoid paying claims as much as possible.  Do not let their next victim be you – read carefully!

Review the used car warranty carefully before signing any papers!

Extensive markets exist for used cars.  These markets thrive because many people cannot afford the immediate costs of new cars.  Many car owners buy newer model cars and sell an old car every three or four years, thereby increasing the used car market.  These cars need to be appropriately serviced and repaired in order to function properly.  Many car dealers offer used car warranties on these cars, the length of each policy depending on the condition of the car.

The customers are advised to be careful of cheap unknown companies that attempt to sell used car warranties.  They should be well informed on the contents of the warranties and more particularly, conduct their transactions with a safe, reputable company.  This is essential so that they can reduce the likelihood of being robbed and cheated out of hard-earned money.

While many warranty companies offer warranty contract to used car buyers, it must also be noted that some of these companies also design their own auto warranties.  This means that they can insert hidden clauses which can be missed or by-passed by the salesperson.  It is your responsibility therefore to review thoroughly all clauses and have all questions addressed in a manner acceptable only to yourself before agreeing to buy any used car warranty.  Researching both the company and the warranty can prove to help immensely and save you a lot of regrets later on.

Think twice, and then think again – your new car warranty

 

When buying a new car it is essential to consider the new car warranty and its packages. New car warranty protects your finance in the event of auto recalls by the leading auto manufactures while also covering any defects or problems that can arise when you least expect!

Car manufacturers usually provide the first warranty that is included in the original price of a purchased vehicle. The warranties issued are usually based on the condition of the car. To obtain the best new car warranty you must understand the items being covered and your liabilities if buying a car with the prospective company. Their level of roadside assistance measures really good warranties.

Warranty information should be available in the owner’s manual that comes with the car. Sometimes it is advised that you obtain a new car warranty from a warranty company as compared to the car dealer, although many warranty companies offer warranty contracts to the car dealers. Customers are usually advised to read the warranty documents carefully because information can often be misleading. Always try dealing with a reputable warranty company that issues a fair new car warranty policy at a fair price.



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