By Boris Badinoff
When you buy a car, there are various warranties that may come with the vehicle, depending upon whether it's new or used and warranties you can purchase for extra coverage. We took a look at types of car warranties here.
If You Buy a New Car
With every auto manufacturer, you'll get some kind of warranty. Some offer the basic 3 year, 36,000 mile warranty and others are higher at 7 year or 100,000 miles. Most diesel engines are covered up to 100,000 miles. The basic auto manufacturer warranty will cover most components that break including bad radio or DVD/CD players. This type of new car warranty is also good for fuel and engine components and other items like mirrors, handles and interior accessories.
What they don't cover are maintenance items such as recommended lube-oil-filters and tires after a certain point. Maintenance items like fuel filters (unless they fail) are not usually covered. Mechanical systems and rust or corrosion are also covered by the manufacturer's warranty but only until their warranty runs out.
What Happens When the New Car Warranty Expires?
This is something all car owners should be aware of. Once your manufacturer warranty wears out, if you don't have what is called an extended warranty for your vehicle, you could be stuck paying for repairs both major and minor, on your own. You can avoid these out-of-pocket experiences by researching and purchasing an extended warranty that will cover almost every component on your vehicle.
What Types of Extended Warranties Are Out There?
Luckily, many are available from the elite that cover-everything from bumper to bumper to a service or maintenance warranties that cover things like lube-oil-filters and other mile-required recommended services. Most aftermarket warranty companies offer steps of coverage to ensure you won't go broke if your vehicle needs repaired.
1. Maintenance Coverage - A warranty such as this will cover your oil changes and manufacturer's recommended service check-ups. These types of warranties are good for paying for your service but may not cover a broken part or other component the technician may discover that needs to be repaired.
2. Basic Coverage - This type of warranty will cover many items like road assistance, battery jumps, fuel delivery, car rentals, and other roadside assistance repairs. These are great if you get stuck on the road but don't usually cover the failed system once your vehicle reaches the mechanical shop.
3. General Coverage - These types of aftermarket warranties are great for just about all the parts and systems on your vehicle and include the items you get with a basic coverage warranty. The components covered include everything from steering to brakes to air-condition to engine problems your covered vehicle may develop.
4. Wrap Around Coverage - These types of warranties often mimic the manufacturer's warranty and offer bumper to bumper coverage for your vehicle if repairs are needed.
With all aftermarket warranties, there are things to keep in mind:
* If the mileage on your vehicle is very high or the year of your vehicle very old, it may not qualify for an aftermarket warranty due to age and the ability to foresee that indeed, the vehicle will need major repairs at some point.
* Every plan comes with a per incident deductible. You can get some plans with no deductible and some with deductibles as high as $250 or $500. Keep in mind that the higher per incident deductible you choose, the lower the cost of the aftermarket warranty will be.
* A good aftermarket warranty will be transferable. What that means is if you sell your vehicle, whether it is to a dealer as a trade-in or on your own, you will be able to transfer the remaining aftermarket warranty on your vehicle to the new owner. That's a good selling point and one great reason to invest in an aftermarket vehicle.
* Make sure you read all the fine print on the aftermarket warranty you are purchasing to ensure you understand what is covered. A good company that is back by the Better Business Bureau and other automotive associations are your best bet.
Vehicle owners should consider aftermarket warranties for their vehicles to lessen the cost of repairs at the auto repair center. They are also an excellent selling element if you wish to sell your vehicle. A good aftermarket warrant will also allow you to pick your own repair facility.
Finally, in today's economy, it is hard to shell out bucks for repairs to high dollar items like transmissions and engine problems. Having a good aftermarket warranty on your side will help keep your cost to the deductible only.
Ask a lot of questions when you purchase your aftermarket warranty and be specific about what the warranty covers and what it doesn't. Often, a good aftermarket warranty may need a rider or additional option coverage if you have a specialty vehicle or four-wheel drive vehicle. There are good aftermarket warranty companies out there today and their goal is to save you dollars at the repair facility and to give you peace of mind that if something does go wrong, you have options. We recommend doing your research on good aftermarket warranty companies before you buy.
When you buy a car, there are various warranties that may come with the vehicle, depending upon whether it's new or used and warranties you can purchase for extra coverage. We took a look at types of car warranties here.
If You Buy a New Car
With every auto manufacturer, you'll get some kind of warranty. Some offer the basic 3 year, 36,000 mile warranty and others are higher at 7 year or 100,000 miles. Most diesel engines are covered up to 100,000 miles. The basic auto manufacturer warranty will cover most components that break including bad radio or DVD/CD players. This type of new car warranty is also good for fuel and engine components and other items like mirrors, handles and interior accessories.
What they don't cover are maintenance items such as recommended lube-oil-filters and tires after a certain point. Maintenance items like fuel filters (unless they fail) are not usually covered. Mechanical systems and rust or corrosion are also covered by the manufacturer's warranty but only until their warranty runs out.
What Happens When the New Car Warranty Expires?
This is something all car owners should be aware of. Once your manufacturer warranty wears out, if you don't have what is called an extended warranty for your vehicle, you could be stuck paying for repairs both major and minor, on your own. You can avoid these out-of-pocket experiences by researching and purchasing an extended warranty that will cover almost every component on your vehicle.
What Types of Extended Warranties Are Out There?
Luckily, many are available from the elite that cover-everything from bumper to bumper to a service or maintenance warranties that cover things like lube-oil-filters and other mile-required recommended services. Most aftermarket warranty companies offer steps of coverage to ensure you won't go broke if your vehicle needs repaired.
1. Maintenance Coverage - A warranty such as this will cover your oil changes and manufacturer's recommended service check-ups. These types of warranties are good for paying for your service but may not cover a broken part or other component the technician may discover that needs to be repaired.
2. Basic Coverage - This type of warranty will cover many items like road assistance, battery jumps, fuel delivery, car rentals, and other roadside assistance repairs. These are great if you get stuck on the road but don't usually cover the failed system once your vehicle reaches the mechanical shop.
3. General Coverage - These types of aftermarket warranties are great for just about all the parts and systems on your vehicle and include the items you get with a basic coverage warranty. The components covered include everything from steering to brakes to air-condition to engine problems your covered vehicle may develop.
4. Wrap Around Coverage - These types of warranties often mimic the manufacturer's warranty and offer bumper to bumper coverage for your vehicle if repairs are needed.
With all aftermarket warranties, there are things to keep in mind:
* If the mileage on your vehicle is very high or the year of your vehicle very old, it may not qualify for an aftermarket warranty due to age and the ability to foresee that indeed, the vehicle will need major repairs at some point.
* Every plan comes with a per incident deductible. You can get some plans with no deductible and some with deductibles as high as $250 or $500. Keep in mind that the higher per incident deductible you choose, the lower the cost of the aftermarket warranty will be.
* A good aftermarket warranty will be transferable. What that means is if you sell your vehicle, whether it is to a dealer as a trade-in or on your own, you will be able to transfer the remaining aftermarket warranty on your vehicle to the new owner. That's a good selling point and one great reason to invest in an aftermarket vehicle.
* Make sure you read all the fine print on the aftermarket warranty you are purchasing to ensure you understand what is covered. A good company that is back by the Better Business Bureau and other automotive associations are your best bet.
Vehicle owners should consider aftermarket warranties for their vehicles to lessen the cost of repairs at the auto repair center. They are also an excellent selling element if you wish to sell your vehicle. A good aftermarket warrant will also allow you to pick your own repair facility.
Finally, in today's economy, it is hard to shell out bucks for repairs to high dollar items like transmissions and engine problems. Having a good aftermarket warranty on your side will help keep your cost to the deductible only.
Ask a lot of questions when you purchase your aftermarket warranty and be specific about what the warranty covers and what it doesn't. Often, a good aftermarket warranty may need a rider or additional option coverage if you have a specialty vehicle or four-wheel drive vehicle. There are good aftermarket warranty companies out there today and their goal is to save you dollars at the repair facility and to give you peace of mind that if something does go wrong, you have options. We recommend doing your research on good aftermarket warranty companies before you buy.
0 comments:
Post a Comment