Tag Archive
Auto warranty refers to a particular service offered by a dealer to the car owner for a period of time from the date of sale of the vehicle. A warranty generally takes care of the cost of maintenance of a vehicle in case it suffers a breakdown.
The auto warranty is issued by the vehicle dealer at the time of handing over the car to the buyer. Any dealer, who does not issue a warranty, is liable for prosecution under US federal law. So, make sure that you collect the warranty at the time of delivery of the car.
The warranty period comes for a period ranging between three months and three years or the distance covered by the car. The choice to select a warranty is left to the car buyer. Normally, a warranty takes care of the repairs and maintenance of the car’s drive train, power train, engine, break mechanism and steering system.
The price of the warranty differs and depends on the liking of the car buyer. The best warranty package available in the market is the ‘bumper-to-bumper’ package that takes care of the car. However, the ‘bumper-to-bumper’ package is expensive when compared to other warranties.
Â
Â
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.
Â
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.
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.
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.
Â
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.
Â
If you have recently purchased a vehicle, you may have been faced with the question of purchasing an extended warranty. Whether or not you need an extended warranty would depend heavily on the intended purpose for which you have purchased the vehicle. Basically, an extended warranty is a service contract that agrees to cover auto repairs and maintenance within the cost of the warranty for a certain time frame only. Once you decide on the purchase of an extended warranty however, you must decide if you want the manufacturer’s warranty, or an aftermarket auto warranty.
The aftermarket auto warranty is a warranty contract issued and honored by a service dealer other than the manufacturer’s authorized dealers. Aftermarket auto warranties are cheap and can be purchased for both new and used cars while manufacturer’s warranties are expensive and mostly cover new cars. Also, an aftermarket auto warranty can only be honored by the issuing service provider, meaning that your vehicle must be taken to the same place for servicing or repairs as where you bought the warranty. Another risk with purchasing an aftermarket auto warranty as opposed to a manufacturer’s warranty is the financial stability of the company that you are purchasing the warranty from – will they be able to honor the contract at all times?
Â
Is my new car warranty enough? The question races through your mind like a thoroughbred at the racetrack. Is my new car warranty enough? After you have spent your life’s savings on what could probably be the most expensive thing that you will ever own, the question still plagues your mind – is my new car warranty enough? Quite differently though, we find that the majority of persons who do spend their life’s savings on the purchase of a new car do not even give the time of day to the thought of their new car warranty.Â
Â
A year later, however, your car stalls on you on the freeway as your radiator overheats. You call your service provider for a tow to the repair shop. Only now the question comes: is my new car warranty enough? You try to remember what the salesperson had told you about your car warranty. It is then that it occurs to you that your new car warranty had included roadside assistance services, and you search through your papers to find the toll free assistance number. Where did I put the warranty again? A year later and a little too late, you realize that your warranty provides roadside assistance for as long as your warranty is valid. Also a year later, you begin to wonder what your warranty covers – do I have bumper to bumper warranty, or wear and tear warranty? What is the cost to repair a radiator? Can it be repaired, or must I replace it? Should I have gotten an extended warranty, or at least made sure that I was covered for everything?
When you purchase a new vehicle you need to be sure that you are getting a top of the line new car warranty to go with it. A new car warranty covers and protects you from any manufacturer’s flaws or defects, and eases the financial burden of any unforeseen incidents, which can happen to your new vehicle.Â
Â
There are many things to consider when buying a new car, and probably the most overlooked is a new car warranty. But do not be mistaken – all vehicles are not created equal and defects or problems do arise when you least expect or when you can least afford them. While some warranties only cover non-wear items and are valid for limited time periods, others cover repairs for a much longer period – even up to 10 years. Imagine the difference a 10-year warranty could have on your pockets as opposed to a two-year warranty!Â
Â
It is also important to understand the type of warranty that you are getting when you buy a new car with a warranty. For just as surely as all new cars are not created equally, similarly all warranties are not the same, hence total coverage will also not be the same. New car warranties can be limited simply to a bumper-to-bumper warranty (which means that you are guaranteed for everything except the wear items in your new car), or power-train warranties (which mean that all parts that make your car move are covered).
Picture this, you’ve decided, picked, and negotiated with a salesman for the car of your dreams. Now you are thinking of closing the deal since you think that you are going to get the car on a bargain. Wanting to close the deal as soon as possible you follow the salesman to an office where you agree to the terms, but then he turns to you and tries to sell you additional insurance, undercoating, and other parts or services. This is where your good deal turns sour. Most people agree on the overpriced extras because of various reasons, in this case you are thinking that you’re getting a good bargain and a little extra won’t hurt. Other cases are some people are already tired of the processes of researching, deciding, finding which car they would choose so they agree over a little extra to get the deal close as soon as possible.
 Little do they know that these extras are often overpriced, and that’s where the dealer is able to make more profit since the profit of selling car is not as much since they’ve already lowered priced to get you to the dealership. These days a salesman is considered lucky to sell a $30,000 car with $500 profit.
Get yourself educated of these extras, pick one that you need and moreover if you think the extras are overpriced don’t hesitate to reject it. Be an educated and smart buyer. Last but not the least; be sure to look out for the new car auto warranty that comes with the car.
Personal finance is the single most important thing any adult has to deal with in life. Being financially responsible will save people from getting into unnecessary debt. Knowing how much a person has and what they can spend ensures them that if they want to something, that they need to save for it. Being financially responsible branches out into various aspects of our lives which include something we use everyday, our cars.
For instance, an individual may go to purchase a car and negotiate the prices with the dealer and think that he has done a good job. However, after deciding on the model he or she wants, he may not realize that thousands of extra dollars are being added on to his final invoice. This is because the dealership has tacked on additional finance charges, and extra warranty costs.
This may transform the car shopper’s original dream of owning a car at the cheapest way possible into a nightmare. An option a car shopper can take is to purchase a new or used car warranty from a third party. Warranty companies offer programs that cost way less than what a dealer charges.
If the potential car owner is still interested in that car they are looking at, then they should consider saving extra money by buying a warranty else where.