When you walk out of the showroom with the keys to your new car, chances are it comes with a car manufacturers warranty. These warranties ensure the car is protected for a stated period of time, but what happens when that time is up?
Learn how buying extra coverage with an extended warranty from CARCHEX can give you additional peace of mind.
Today, almost all cars have some type of warranty, but not all warranties are created equal. While most automakers have 3 year/36,000 mile coverage, some warranties may last for 4 or 5 years. There are different kinds of factory warranties, most notably the bumper-to-bumper and the powertrain. Roadside assistance warranties are less common but may be a good addition to your coverage.
Also known as a basic warranty, it’s the most general coverage and pays for repairs to almost all of the factory-installed parts. It’s also called an exclusionary warranty because the list of parts it excludes is much shorter than the ones it covers. A good way to think of it is this protects most of your car’s components between the front and back bumpers. Bumper-to-bumper warranties don’t usually include items that wear and tear, such as brake pads and tires, or regular maintenance items like oil changes.
This warranty is coverage to repair malfunctions to the vehicle’s powertrain. Simply put, it protects all of the parts that provide power to the car. A car’s powertrain includes:
If your car breaks down on the side of the road, this type of factory warranty covers the cost of towing and tire changes.
Here is a handy breakdown of many different car manufacturers warranties across different automakers, including Hyundai, Mitsubishi, Volvo, and Kia.
Use these tips to optimize what’s offered in your manufacturers warranty:
Getting coverage when you walk out of the showroom is helpful, but you’re probably looking for more than a few years of protection for your new investment. Consider buying an extended warranty for addition coverage, which picks up where your manufacturers warranty left off. An extended warranty, or an extended service contract, will cover your car’s repair costs after the original warranty expires. They can also be purchased to protect a pre-owned or used vehicle.
At CARCHEX, our car warranty and insurance experts offer a variety of protection plans that ensure your car is in great mechanical shape while keeping the money to repair it in your pocket.
Not only does CARCHEX lead the auto warranty industry with flexible, affordable plans, but we offer our customers a range of other benefits:
CARCHEX makes it easy for auto owners to find that extra protection they need. Getting a car warranty quote online is free, fast, and easy. We have an A+ customer service rating from the Better Business Bureau and twice have been nominated for Marketplace Excellence.
Our extended service specialists can help keep your vehicle on the road and money in your pocket. Call 866-261-3457 today.
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Sources:
NerdWallet: https://www.nerdwallet.com/blog/loans/auto-loans/car-warranties/
Bankrate: https://www.bankrate.com/auto/7-automakers-with-the-best-car-warranties/#slide=1
Your Mechanic: https://www.yourmechanic.com/article/how-to-use-your-car-warranty-successfully-by-patrick-haas
Autoguide.com: http://www.autoguide.com/auto-news/2017/11/how-to-get-the-most-out-of-your-car-s-expiring-warranty.html
Better Business Bureau: www.bbb.org/greater-maryland/business-reviews/extended-warranty-contract-service-companies/carchex-in-hunt-valley-md-23015869
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