Car Warranty
When you buy a new car, you expect the vehicle to be in excellent running
condition and to remain that way under normal use for a reasonable amount of time.
Car warranty is the formal concept of it, with set guidelines that fixes who
is responsible for repairs and when that responsibility shifts from the manufacturer
to the owner. Car warranty is a written promise by the manufacturer that the car
that you are buying will perform up to stipulated standards. Warranties automatically
come with new cars you don't have to buy them.
Car warranties are actually a collection of warranties, each covering different
areas and systems of the car. For example, the body may be warranted against rusting
for a given time period, while the engine and drive train may be warranted for
a set mileage and time period. When you purchase your vehicle, your dealer will
explain about the manufacturer's warranty and may offer you extended warranties
at extra cost.
The
most inclusive warranty is a full manufacturer's warranty that covers the cost
of parts and recommended service of a new car for a preset time period. If the
original owner sells the vehicle during the time the warranty is in effect, the
warranty is fully transferable. Depending on the car dealer's policies, the dealer
may have different policies for different customers, you may be given a car to
drive while the dealer performs warranty service on your vehicle. According to
a "Lemon Law" applied within states, you have the right to a refund or a replacement
if your vehicle still isn't repaired after repeated servicing.
Extended Car Warranty
Extended car warranty is the warranty for the certain services for the period
after the warranty period of manufacturer expires. Extended Car Warranty
can be purchased long after the car itself has been bought. There are limitations
to extended warranties, however. Usually the vehicle must be under 10 years old
and the mileage must be less than 100,000 miles. Newer vehicles (under 4 years
old) with under 50,000 miles on the odometer may be eligible for extended warranties
that have a wider range of coverage. According to federal law, "extended warranties"
that are usually offered by salespeople to buyers of new and used cars are not
warranties. They are auto service contracts. For extended warranties you pay extra
for an auto service contract. The manufacturers of the vehicles do not back many
auto service contracts but are supported by private companies, which in the past
have not remained in business for the full terms of the contracts. Car warranties
have become a selling point for manufacturers. This has been urged by the increasing
reliability of modern cars and the increasing cost of auto repairs.
|
