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Auto warranty is an assurance given by the vehicle manufacturer in association with the auto dealer to replace or repair a faulty part of the car without charging any fee for a particular period of time from the date of its sale. However, the warranty does not take care of the cost of all parts. On occasions, car companies have even replacement an entire unit of the car if the product was found to be defective.
In auto warranty, there are two categories. The first is the new car warranty, which is issued to brand new cars. The second category is the used car warranty issued for pre-owned cars and used cars. It is also called as aftermarket auto warranty. Normally, the used car warranty is expensive when compared to new car warranty considering the age of the vehicle.
Both new car warranty and used car warranty are issued under two bases. They are distance covered by the vehicle from the date of sale or age of the vehicle. For instance, auto warranty is available for a period of up to two years from the date of its sale. Similarly, warranty is given for up to 30,000 miles covered by the vehicle.Â
Any product if found defective within a specified period from the date of sale is entitled to be replaced by the manufacturer. Either a part of the product or the entire product has to be replaced. This practice is called warranty. It is applicable to all categories of products, including cars. There are two types of warranty for cars. They are new car warranty and used car warranty. There are specially coded rules and regulations to protect the interests of consumers. It is called used car warranty law and new car warranty law.
New car warranty is issued to brand new cars while used car warranty is issued to pre-owned cars or those cars sold in the aftermarket. Normally, in used car market, a plenty of fraudulent warranties are in circulation. Such warranties promise a number of features and services, which are not delivered normally. Therefore, the US government has evolved a special law to protect the consumers against fraudulent used car warranty. It is also called lemon law. Under this law, auto dealers who fail to deliver the services promised can be taken to the court of law. Generally, the regulations of used car warranty law are common across the US.
It is not enough just buying the vehicle and checking to make sure if the necessary documents are attached with it. The buyer should be aware of a few auto warranty tips to protect himself from any kind of discrepancy or fraudulent act by the manufacturer or dealer at a later date. If he is not watchful, he will end up spending a lot of money on repairs and service even thought it is the duty of the manufacturer. With a variety of warranties available in the automobile industry, the buyer needs to be aware of what are the terms and conditions applicable in his case.
If he is going to be well informed and knowledgeable this guarantees that the dealer or manufacturer can not deprive him of what is rightfully his. Some of the auto warranty tips are as follows, –
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- Being aware of the time duration mentioned in the agreement, or if they go by miles,Â
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- The agreement should be in writing and agreed upon by both parties after fully understanding the contents.
- The kind of repairs that the manufacturer is bound to repair or replace free of charge.
A used car is one that is not brand new and it must also be one that has done more than 1, 00,000 miles at the time of the sale or hand over. Another point is that vehicle should have been used only for personal use and not for any commercial purposes. Once these clauses are satisfied, the car can be sold to a prospective buyer. At the time of sale, the need for compliance with the used car warranty laws is essential. Infact some companies insist that it be given in writing for the transaction to be complete and be considered legal. The Lemon Law as it is called was created to protect the interests of the buyer from any fraudulent act of the seller.
The used car warranty law covers all operational repairs that occur in the car along with engine failure and other related mechanical faults. If the buyer is not satisfied or the performance of the car is not upto the mark even after repeated service, the buyer can decide to give the car back. At such a time he is entitled to getting full refund, the exact amount he paid at the time of purchase.Â
Once a person makes the decision to buy a car or any vehicle, he gets lost in the excitement and at time fails to notice the important details. This will be to the benefit of those dealers who are not honest and cheat in their documents. It is for this that one should do some ground work and get a few auto warranty tips from other users. The warranty is provided by the car manufacturer or the insurance company who will cover repairs and other failures. To make sure that the buyer is given a fair deal the warranty law is in place
Enjoy the full benefits of owning a vehicle and knowing that the manufacturer will not go back on his word is what makes life easy for owners. In order to be aware and protect oneself, there are some auto warranty tips to be followed;
- Make sure the terms and conditions are given in writing
- Read the fine print to know what are all the repairs, mechanical or operational covered by the manufacturer
- Incase you are not happy with the terms mentioned, you can approach a private company and get the warranty from them
Warranty is kind of like a guarantee given by the manufacturer that even though you are purchasing the product, in this case being a vehicle he will still take care of it. This will be valid for a certain period of time from the date of purchase. A piece of paper that mentions the date of purchase, name of the dealer through whom the transaction was carried out. Also includes the auto warranty period and other details such as the kind of repairs covered under the agreement. All repairs excepting wear and tear are usually covered by the manufacturer within the mentioned duration.
Some warranties clearly mention the year and miles to be done in the car, for example 5years or 50,000 miles and so on. So, the buyer needs to make note of this so he will know how much he is eligible for. Also the first couple of overall vehicle service will also come part of this clause. The whole purpose of having an auto warranty is for the new owners to feel comfortable about the company and know he is in safe hands. Companies have websites where from the owners can get details pertaining to their warranty.
In order to protect the buyer from any fraudulent activities or losing out on services that he is entitled to, the used car warranty law has been put in place. This law needs to be adhered and followed by the manufacturer. The buyer of the vehicle needs to insist on a warranty document from the dealer so he can be assured of timely assistance during the mentioned period. At the time of purchase or sale of a vehicle, along with the other documents the buyer must ensure that the warranty law is in compliance. If not he can take legal action based on the same. This holds high value especially for used cars because the chances of fraud or failure to comply with norms are common.
Buying a car is an investment in itself and so a lot of thought and ground work must be done ahead of the purchase. Going by the used car warranty law, the manufacturer is liable to fix any mechanical failures. The law states that all such repairs and replacements must be done free of charge. Incase the manufacturer refuses to comply, the buyer can demand full reimbursement based on the purchase price he paid.
The warranty giving along with a product or vehicle is like a guarantee given by the manufacturer. That is, incase of any mechanical faults, they will carry out repairs free of cost. This saves the buyer a lot of time and money and he can enjoy having the vehicle to drive around. Some of the auto warranty tips that people should be aware of is that the items mentioned in the warranty document must be adhered to. The company can’t refuse and if they do, legal action can be taken against them. Some of the warranties also include free replacement of tires, engine oil and refill of fuel as well. All the buyer has to do is call the service center number and they will come home or to the location and either fix the repair or tow it away and deliver it home. All these repairs should be done free of cost.
Other auto warranty tips are that the buyer should read the fine print which might contain a hidden clause. This is because not all the warranties are alike, the repairs covered will also differ and the buyer needs to be aware of what he is entitled to.
In the excitement of purchasing a car, one should not forget the other formalities and details involved. There are certain documents that need to be exchanged; registration deed needs to be transferred to the name of the new owner, the insurance details passed on and so on. Along with these there should also be the auto warranty, if not then the buyer must insist on one. This will give him the freedom to use the vehicle with the reassurance that the manufacturer will provide necessary service at times of break down or failures.
The auto warranty document is applicable to all vehicles, irrespective of car model, and year of manufacture. The only thing that might differ is the duration or miles covered in this, it could be valid for 2years or 15000 miles or could cover repairs for 5-10years or 10000 -100000 miles. The buyer must be aware of the items that come under the warranty and what does not, so he will know what is his responsibility and which are that of the manufacturers. In case the duration is very less, then they can go in for an extended warranty, available at a nominal cost payable once a year.
For every person who wants to enjoy some form of luxury, owning a car is the first step. They either go in for a brand new car or seek out options related to a used car. The latter is sought after in case of lack of sufficient funds. Numerous used cars are available and all are in good working condition. It is not enough if the person just inspects the cars available and test-drives them, but they should also be aware of the used car warranty laws. This will enable them to use the car and not worry about future failures, atleast within the initial couple of years. The warranty basically guarantees the buyer that the manufacturer will take on the responsibility of fixing any operational and mechanical repairs that arise within pre-determined duration.Â
The documents pertaining to this should be handed over to the buyer so he can get in touch with the company for any assistance. A used car warranty law has been created to protect the interest of the owners and ensure they don’t get cheated from any service that is lawfully theirs. This should be diligently followed by the parties involved in the sale.