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The time we buy a car, the company provides it with an auto warranty. Under this warranty, cost of all the repairs and services of a car are covered. But once the car looses its market value, this auto warranty expires. For such vehicles, an extended car warranty or an aftermarket auto warranty can be availed. This aftermarket warranty is provided by the car insurance company that offers various attractive and beneficial packages when your car meets a failure.
An aftermarket warranty can be bought through the original dealer or from the insurance company. In both circumstances there are some factors that need to be considered. The option of buying the warranty from the dealer is considered a better one because in this case it becomes easy to renew or sustain the contract in the future. But a major drawback is also attached to the option of buying from the dealer. The warranty bought from the dealer usually tends to be more expensive. It may also cover less than the warranty bought from the insurance company. But regardless of all this, it is always better to research about the insurance and company’s options before investing in an aftermarket warranty.
All vehicles, brand new or used, are entitled to a warranty, an assurance to replace faulty spare parts. The warranty is a joint assurance given by the vehicle manufacturer or dealer. In case the vehicle develops a defect during the warranty period, it has to be rectified by the dealer at no cost. The auto warranty period normally exists for a period of two-three years from the date of the sale.
The auto warranty period is also extended on the basis of the distance covered by the vehicle from the date of the sale, such as 30,000 miles or 50,000 miles, whichever is first in the two year period. There are two types of auto warranty. They are new car warranty and aftermarket auto warranty. New car warranty is meant for brand new cars while aftermarket auto warranty is meant for used cars.
Aftermarket auto warranty is priced higher considering the age of the vehicle. While purchasing an aftermarket auto warranty, beware of fraudulent warranty. Such warranties promise plenty of features, but fail to deliver. Review at least five aftermarket auto warranties before settling for one. All car owners are protected against fraudulent auto warranty. Take care to ensure that you have a genuine warranty for the car.
Warranty is an assurance given by a product manufacturer to replace it in full or just faulty parts if the product is found to be defective for a particular period of time from the date of its sale. Warranty is applicable to all products, including cars and other vehicles. The auto warranty service is normally delivered by the vehicle dealer in association with the manufacturer.
The auto warranty is extended based on the time and distance covered by the vehicle. For instance, the warranty will be in existence from the date of sale of the car up to two years. If the car buyer notices any defect in the car, the faulty spare part will be replaced under the warranty cover. However, the warranty is restricted to certain products only. Sometimes, costly spare parts are not covered under the warranty. There have been instances of the entire vehicle being replaced for faulty spare parts. It is therefore considered life insurance for vehicles.
The auto warranty covers various aspects of the vehicle such as the power train, drive train, brake mechanism, engine and others. Any breach of warranty is liable for punishment under US law. All dealers are entitled to provide warranty to cars sold by them.
Nowadays people just ask for warranties or guarantees on almost any costly goods that they buy. Be it electronic items or furniture anything with a warranty period will give an assurance that the product will be serviced or repaired within the warranty period for free.
Cars also have warranty options. Especially before buying a car one should carefully consider the warranty options of the car that they choose to buy. Mostly all car companies offer 1-3 years auto warranty on every sale. But what has to be kept in mind is for what services or repairs the warranties can be used.
There are some warranty programs that are of no real value when some dire need arise. They do not cover the major repairs or replacements much needed by the car buyer. Or they might have to go through a lot of formality before actually getting the work done.
While buying a car, check with the representatives about what are the services covered by the warranty. Are there replacements or repair options for all types of malfunctioning? Will the company finish the service in time? What are the procedures involved while availing the warranty? Etc. after detailed information choose the right car with the right warranty.
An auto warranty is a service encapsulating repair and maintenance of the vehicle for a specified period of time. The auto warranty is extended by the auto dealer to the vehicle owners in association with a third party vendor. There are two types of auto warranties. The first type, called the new car warranty, is issued to brand new cars. The second type, called an aftermarket auto warranty, is issued to pre-owned cars or used cars.
The aftermarket auto warranty normally covers the repair and maintenance of the vehicle’s drive train, power train, steering system, brake mechanism and other important aspects. Though the cost of the replacement of inexpensive spare parts is covered under the warranty, it does not apply to expensive spare parts. There is another type of aftermarket auto warranty, which completely takes care of the vehicle. It is called bumper-to-bumper warranty. However, it is expensive when compared to other warranties.
There are various categories of aftermarket auto warranties. They are offered on the basis of two factors. The time based warranty is offered for a period ranging from three months to one year. The distance based warranty is offered for a range covering 3,000 miles to 30,000 miles. Choose a flexible package.
The new car warranty is meant to provide the owner of the new car with an assurance, so to speak, from the vehicle manufacturer that his new vehicle is of the advertised quality. Once the new owner takes the vehicle home and finds that it does not function as the manufacturer said it would, then he would be fully entitled to either have the manufacturer (or dealer) repair or replace the cause of the problem at no cost to himself, or he could opt to have his vehicle replaced with another.
Without the new car warranty, the manufacturer would in no way be responsible nor would he be held liable for anything that goes wrong with the car after its purchase. It is very rarely the case however that a manufacturer would issue a vehicle without the new car warranty, for this is also the manufacturer’s way of assuring the public of the best quality vehicles that they produce, and by extension it is his way of marketing either his name or the vehicle type in question. For the very reason also, most manufacturers pay careful attention to honoring the claims made by clients – so long as it is with reason.Â
After buying a car there are a number of recurring expenses that an owner has to bear. These expenses are related to the maintenance and servicing of the car. Whenever you travel by your car there always exist a risk that some or the other problem can creep in the car’s machinery. Car is a complicated machine and it is composed of a number of parts. There are always chances of some or the other part going wrong.
Money spent in getting the car fault corrected is only an extra expense.
Is there a way to get rid of this expense?
Yes, certainly there is. Whenever you buy a new car there is an option you can choose. This option is to get your car warranted. The new cars are warranted by a few companies against fees. This fee that is charged may appear to be big initially, but it certainly is an investment that would help you save lots of money that you will have to spent to get your car repaired.
The new car buyers can get this warranty done either through the dealer or directly through the company that is providing this facility. One should not miss this opportunity while buying a new car.
The new car owners can get a facility that is known as the new car warranty that is aimed at providing a security with the new car. The car warranty is meant to cover your expenses related to the car faults and the maintenance. There are a number of programs that vary in term of the duration of the warranty as well as the premium that is required to be paid at the time of buying the new car.
There are basically three factors that govern the initial cost that one would have to pay to get the car warranted. These three factors are the duration of the car warranty, the maximum cover and the cost of your car.
This is only a one time pay car warranty plan that would help you get a reimbursement for all the car expenses that you bear after you get the warranty done.
The car warranty providers have links with the car dealers, so that any person who is interested in getting the car warranty done can easily enrol for a particular plan. One may check the various plans available and should go with the one that is flexible as well as profitable.
The aftermarket auto warranty is most appreciated for its versatility for auto coverage and its flexibility in terms of purchasing. It is in fact the only auto warranty that can be negotiated with, although it is also the only warranty for which you must pay for coverage.
The aftermarket auto warranty can be used in combination with any other type of warranty coverage, or it can be used as a stand-alone warranty for the vehicle without any coverage – hence the reason for its versatility. If you have bought a used vehicle, for example, and you did not receive any warranty coverage with the purchase transaction, then you could simply invest in a suitable aftermarket auto warranty for coverage on you used vehicle. Also, if you have purchased a vehicle whose existing warranty coverage is due to become void soon, then also the aftermarket auto warranty can be purchased to provide coverage beyond the existing warranty time period.
The flexibility that you obtain with the choice of the aftermarket auto warranty one is also a great bargaining tool during the purchase. You are not bound to buy the warranty from a specific dealer – you can purchase the aftermarket auto warranty from any other service provider. Likewise, you can negotiate the types of coverage that you want on your aftermarket auto warranty.
Warranty is a service rendered by the dealer towards repair and maintenance of the vehicle for a fixed period of time. The warranty takes care of the cost of the repair and replacement of minor spare parts. However, the warranty does not take care of the cost of certain parts. In a warranty, there are two categories. The first category is new car warranty, issued to brand new cars. The second category is aftermarket auto warranty, issued to used cars or pre-owned cars.
The new car warranty is issued by the vehicle dealer in association with a third party vendor. Before finalizing the warranty, evaluate at least six different offers from various third party vendors. The warranty takes care of the vehicle’s drive train, power train, engine, steering mechanism, brake mechanism and other technical aspects.
The new car warranty is available in two options. The first option is based on the distance covered by the car. It could be between 3,000 miles to 30,000 miles covered by the car from the date of its registration. The second category is the number of days. It could be between three months to 30 months. The warranty period will be available against these two options. It is recommended that a car owner opts for a flexible warranty. It will give the car owner the option of changing the warranty if the service provided is dissatisfactory.