Auto Warranty & Extended Auto Warranty
An auto warranty is the kind of coverage a manufacturer guarantees when you purchase a new car. The warranty itself is dependent on many different things. The number of years, for example, and just what is covered. As a very basic definition, however, an auto warranty is supposed to cover mechanical breakdowns and failures over a set period of time. Car warranties have been influenced by competition, so they have become an important part to selling cars, which means the customer ends up winning. In 2010, Hyundai’s offered “America’s Best Warranty” by giving customers 10 years of 100,000 miles of coverage. Mitsubishi almost matched Hyundai, with a 60,000 mile or 5 year guarantee. Still, there are other car manufacturers who are very established and offer great quality, so not every car will come with such a generous warranty. A more common warranty is about three years. There are also different kinds of warranties. A bumper-to-bumper, which is also known as a basic warranty, covers everything on the car. This comes with the car, but it doesn’t cover things like tire and battery replacement. You also can’t rely on this warranty if you have been in an accident or misuse the car. Dealerships also offer warranties, which vary from place to place. Things like when you can get it serviced may be specifically outlined. The extended warranty is an additional period of time that one can add to their original warranty. However, not all cars are eligible for this. A good tip is to also buy the extended warranty before the original warranty is up. If you wait longer, the car will get older, which will make this extended warranty more expensive. Also, don’t expect it to be as comprehensive as the original warranty. A powertrain warranty refers to the mechanical components of the car, which includes transmission, axle and clutch, and drive shafts. A rust-through warranty isn’t as thorough as other warranties. This just covers the corrosion on the car, but it doesn’t include surface rust. Still, this kind of coverage may also be covered through insurance. And an emissions warranty is something that will cover any emissions problems you have for a certain number of miles or years. This is sometimes covered under other warranties. When it comes to warranties, there are a lot of little details and legal jargon. It’s wise to be knowledgeable in what is and isn’t covered.
Auto Warranty Claims
There is even a section that explains what you can do if you feel your legitimate claim shouldn’t have been denied.In the United States, the Better Business Bureau has been resolving issues between manufacturers and costumers for more than three decades. Most of the time, though, you should be very well covered through the warranty. Dealers get paid by the manufacturers to fix the cars. This means that sometimes the customer ends up winning when a dealer fixes something that might not be under warranty anymore. If you are the first owner of the car, then you should be OK, and you’ll have one of the most thorough coverages through the bumper-to-bumper warranty. But this isn’t always transferrable to the next owner. Some companies will only cover second buyers for a reduced amount of time. This could be the price difference if and when you decide to resell the car. There are still other things you should look for when it comes to warranties. Sometimes there are scheduled services, which could help you avoid the unexpected problems that can come with owning a car. There are some manufacturers that cover every service during the first year, such as oil changes and wiper blades, and some will only cover the first visit. And to sweeten the deal, some auto warranty programs also offer trip interruption insurance, roadside assistance and car rental benefits. Lock out service may even be offered. This is one of the newer features that has been added to car warranties. And just like with the other parts of warranties, this varies from manufacturer to manufacturer. The most important takeaway from warranties is that no two are the same, and they are very specific.