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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 does life insurance have to do with car warranty?

A car warranty is like your vehicle’s health insurance – you can use it during the insured period to help with the cost, or at least part of the cost, of repairs to your vehicle.

But just as a person’s health insurance policy is issued based on his or her current state of health, so too is your car warranty issued based upon its age and current state of fitness (which would include the vehicle mileage used to date). Much like your health insurance coverage is based upon your age, so too is your vehicle’s warranty based upon it’s life – if your vehicle is too old or has a high mileage , then it become increasingly difficult to issue a car warranty to cover its ‘life’.
Additionally, a health insurance will not cover you for every single sickness, disease or virus that you may come upon. It does not cover certain fatal illnesses or sudden death coverage. Your car warranty works very much on the same principle. Some warranties, for example, cover the cost of repairs for all the parts of the car while others cover only specified parts. Which coverage you have or do not have depends a lot on the age and health of your car.

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.

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.

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).

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!

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.

Used car warranty

People who cannot afford a brand new car often opt for a used car. The problem in buying a used car is that you never know what you are going to end up with. The dealer might exaggerate the car’s benefits or even its’ price. Often it is only after you have driven for a few weeks will you come to know the real problems or shortcomings of the car.

To avoid such difficulties it is always safe to purchase a used car warranty from the used car dealer himself. He is then responsible for all repairs and faults after the sale. So ask for a used car warranty, as many dealers won’t offer it to you unless you ask for it. Before you comply with the warranty check what the risks may be, and what repairs and services are included in the warranty plan.

In the case that you missed out or were not aware of the used car warranty option when you brought you car you may also purchase one from a third party car dealer who can provide a warranty for the services you expect them to render. It is best to purchase a warranty in case the need arises. You can also get further information online and choose the right warranty for your car.

More often, people who are not able to afford a new car opt for a used car that saves them a lot of money. Purchasing warranty for a used vehicle is a must for every car owner. A warranty protects you against any defect, which is covered under a warranty plan.  The dealer has to service the vehicle free of cost if there are any problems that arise during the warranty period. There are certain terms and conditions that are there in the warranty clause and you must be very careful when purchasing the warranty.
Used cars have special warranties regulated by special rules. Used car warranty law or the Lemon law is a special set of rules enforced by the states of the US. The law protects used car buyers against the risk of substandard or defective vehicles.
The chances of fraud are higher in a used car. Most state laws make car sellers liable to the buyers in case the car is faulty. They may even be forced to pay for legal fees, which a buyer might incur when a lemon case is filed. There are many forms of protection that are in-place for used car owners but it is our responsibility to check out the used car warranties before we buy any one.

A mandatory practice

   

Auto warranty reviews refer to a mandatory practice that has to be carried out by every car owner before purchasing the auto warranty. This exercise helps the car owners choose what is best for them. 

Before taking delivery of the car from the dealer, ask for at least four offers of auto warranty packages. The four offers will be of different price ranges and varied benefits. There are usually three categories of auto warranty depending on the time period and mileage covered by the vehicle. The period ranges between three months and three years. In terms of mileage, the period ranges between one thousand mile and three thousand miles. Evaluate the offer carefully before selecting the warranty package. 

If you find it difficult to review or select the auto warranty, employ the services of a consultant. The consultant will review the auto warranty packages and select an ideal package for the car owner. 

Also, there are publications that publish reviews of auto warranties. The publications are available at all car dealers. Insist for the review publications before selecting the package. The publications contain reviews of all auto warranties offered by various firms. Read each review carefully before taking a call on the package.



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