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The aftermarket auto warranty is also known as a warranty. It is the only warranty that can be used to fill the gaps or limitations imposed or left by other types of warranties. However this comes at a price. While you should never be asked to pay for a new car warranty, the aftermarket auto warranty has to be purchased – that is the only way that you can gain coverage from an aftermarket auto warranty. This warranty has also been referred to as a service contract – you get what you pay for out of the contract and nothing more or nothing less.
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The aftermarket auto warranty is able to extend the coverage period of an existing warranty like the new car warranty or the used car warranty. For example, if your used car warranty is to expire some six months after the date of purchase, then you could purchase an aftermarket auto warranty for an additional three years. Note however that the aftermarket warranty can only become valid once the original warranty coverage period has passed in such a case.Â
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.Â
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!
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.
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.
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.
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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.
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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!
Buying a car is a luxury for many. Many have to wait for many years saving every dime, or opt to apply for loans with high interest rates. And still the car continues to incur costs if there is an unexpected break down or mechanical failure.
Even the best car can break down, or some major parts might not work as efficiently as it should. Usually car insurance will provide for repairs only in the case of accidents. For minor or major repairs or maintenance costs there is another option. This is where warranty services are needed. Though the car companies might provide warranties, third party warranties or an aftermarket auto warranty is needed. These warranties can actually get you a discounted cost on repairs or spare parts that need to be replaced, which will save you more money in the long run.
Whatever the warranty may be, careful consideration of the warranty details will help you in times of need. Many warranties might not cover major repairs or replace imperative parts. If you are looking to have these cost covered then you should consider the benefits of a bumper-to-bumper warranty.
Car warranty refers to a program that a car owner would buy into in which makes the warranty company responsible in paying for the regular maintenance and repairs for the vehicle for a particular period of time from the date of sale. The warranty period varies between three months and three years depending on the choice of the car owner. Similarly, warranties are available to used cars. The only difference is that used car warranty is expensive when compared to original warranties.
To protect the used car owners from falling prey to unscrupulous warranties, the US government has evolved a federal law, which has some features. The law protects from the used car owners from being cheated. It is also called ‘lemon law’.
As per the used car law, dealers cannot persuade the car owners to purchase a particular car warranty. Owners have to be given the flexibility of choosing the auto warrant of their choice. Any such move to force an auto warranty, which is not preferred by the car owner, can be questioned.
If the dealer does not provide service as mentioned in the auto warranty, the law stipulates that car owner initiate action against the firm. If a car owner is not satisfied with the service extended by the auto warranty firm or the dealer, he / she have the freedom of discontinuing it and selecting a different service provider.
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.
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.