Three Things To Know About Car Warranties

Any car owner can feel at ease about bringing their car to the shop if they purchase a car warranty. Car warranties can lower the cost of maintenance and repairs performed on your car. Here are three things to know about car warranties:

First off, know where the warranty is coming from. Is it coming from an auto manufacturer or an aftermarket auto warranty company? Also, know who is handling your policy.

Second, be sure to completely read through the entire warranty. This way, you will be knowledgeable about what type of coverage you are receiving and how long the warranty will last.

Lastly, know what specific maintenance that you need to have done on your car because there are some car warranties that will only remain valid if this work is done on your car. Also, make sure that you keep all of your car’s maintenance records in the event that there is a claim.

Car warranties will allow you to have peace of mind each time your car goes into the shop for repairs and maintenance. However, it is important for you to know all of the details of your warranty if you want to get the most out of it.

 

Extended Car Warranty, How To Choose The Right Plan

 There are many extended car warranty programs to choose from but it can be a bit tricky to find a “reputable” plan to suit your needs. The best way to choose a reliable extended car warranty program is to find a company that makes the following criteria…

1. Make sure the company is in business for 10 years or more. This assures you that they are not only in the business of selling coverage but also successfully paying claims.
2. You want to choose a company that has an A+ rating with the Better Business Bureau and perhaps more importantly, is accredited by the BBB which holds them to a much higher standard of excellent business practices and customer service.
3. You want the warranty program to be directly underwritten by a US-based insurance carrier holding at least an A rating with an industry rating service such as AMBest or Standard & Poors. This will assure you that if any part of the claims administration process fails the underwriter will directly pick up all claims if needed.

There are also many different levels of coverage available for your vehicle. These levels are Powertrain, Major Component Plus, High-Tech Component, Component Type Bumper-To-Bumper, or Exclusionary Bumper-To-Bumper coverage. Depending on the age and mileage of the vehicle all or most of these levels could be available. It is important to look through the different levels of coverage for any companies you are considering side-by-side to make sure that you are purchasing the best coverage available for your needs. Do not rely on plan names such as Platinum, Elite, or Gold as they do not always correctly define the level of coverage you are purchasing. Some less than reputable companies will take a very basic plan and label it with a very fancy name. You want to look at the actual list of what is covered to make sure you are getting what you’re paying for.

All in all, an extended car warranty is an excellent investment and can save you thousands of dollars over the term of the coverage. To begin researching the different types of coverage you can visit Auto Advantage and see what the choices are. It is a great idea to fill out the quote request form and let them send you the specifics including coverage details and pricing.

New Car Warranties Provide 4 Different Kinds Of Coverage

An auto warranty is a wise investment to make when buying a new car. New car warranties provide four kinds of coverage:

1. One kind of coverage that you can receive is basic, bumper-to-bumper warranty coverage. This kind of warranty provides coverage for all of the parts of the car from the front bumper to the back bumper.

2. Another kind of coverage that you can receive is a powertrain warranty. This covers the parts of the car that make it run. This includes parts like the drive axels, the engine, the driveshaft, and the transmission.

3. In addition, your auto warranty can cover corrosion and rust. This handles rust-through problems.

4. Lastly, you can get roadside assistance with your warranty. You may receive this service if you have a basic warranty that is active. It provides professional help when you are stranded on the side of the road due to a vehicular breakdown. It offers services such as flat tire assistance, lockout assistance, refueling assistance and towing.

To further familiarize yourself with the exact coverage provided for you by your auto warranty, read through the warranty booklet and owner’s manual. If you still don’t believe that you have all of the coverage that you need it is good to purchase an extended auto warranty for your car as well.

 

Be Informed About New Car Warranties

A warranty is a guarantee made to the consumer by the seller for a product that is sold. When a warranty pertains to a car, it is a contract that will provide coverage for the cost of repair and replacement of specific parts of the car for a certain amount of time.

New car warranties offer a variety of benefits. When a consumer purchases a car from a manufacturer, they receive a guarantee that if there are problems such as mechanical failures or defects, the cost to replace or repair those parts will be covered by the warranty. There are two types of new car warranties. The powertrain warranty covers the parts of the car that make it run, while a bumper-to-bumper warranty covers the parts of the car from the back bumper to the front bumper.

New car warranties provide motorists with peace of mind when they get those daunting repair bills from their mechanic.

 

Car Loans And Used Warranties Work Well Together

In modern society, people are very reliant upon their cars in order to get themselves through their daily lives. If their car is not running properly, they are more susceptible to breaking down. This will make getting through the day a much bigger challenge. Also, the repairs that are necessary to make the car run properly again cost a lot of money.

When a motorist’s old car breaks down, they tend to think that it is the best idea to just purchase another used car. If they do not have the necessary funds for a new car or have bad credit, a used car loan can be a great option to help make the purchase. There are places that will give car loans to motorists who want to purchase a used car.

After purchasing a car, it is smart to buy used car warranties that can take care of the costs of necessary maintenance and repairs to keep the car in the best shape possible. If money is a problem, an auto warranty will help you ease up on your wallet when you take your car to the shop.

 

Avoid An Auto Warranty That Is Fraudulent

Buying an auto warranty can be risky if you are unaware of the rules and regulations of the warranty. It is smart for vehicle owners to consider hiring a professional car consultant who can assist them with the process of purchasing an auto warranty. If the vehicle owner purchases an auto warranty without any help, there is more of a risk for buying a warranty that is fraudulent.

A fraudulent auto warranty refers to a warranty that offers a very large variety of different features and is prices so well that it is too good to be true. However, the seller that is claiming to provide this auto warranty will not actually go through with providing all of the listed services. In the used vehicle market, you will often come across fraudulent auto warranties. This makes it absolutely essential for consumers who are looking into purchasing used car warranties to proceed with caution during the whole buying process.

As a result of the circulation of fraudulent auto warranties, the US administration created a law to protect consumers. It is called the used car warranty law, which is also commonly referred to as the lemon law.