An extended warranty covers repairs once a manufacturer's warranty expires. Many automotive dealerships offer coverage plans to their customers. These plans can be added to an auto loan. They can also be purchased separately. Learn how extended coverage works and what types of repairs will be satisfied, to determine if you would like to purchase a separate warranty.
New and Used Vehicles
A new vehicle that is being purchased directly from a dealership will typically come with a manufacturer's warranty. This type of warranty will cover defective materials and workmanship. This warranty will provide protection as soon as a new car is driven off of a lot. A used vehicle that is being purchased from a dealership may/may not come with a manufacturer's warranty.
The year that the vehicle was manufactured may have a bearing on whether or not coverage is included with purchase. A dealer may offer an extended warranty for both new and used vehicles. This type of coverage will typically become valid after a manufacturer's warranty has expired. In some cases, an extended warranty and a manufacturer's warranty will overlap.
Each warranty type will be outlined by a dealer. The information that is provided will include what types of repairs or services are covered. The repair work and services will need to be performed by a licensed automotive mechanic.
Cost Variables and Usage
An extended warranty may cost one thousand dollars or more. This amount can be factored into your lease terms but will raise the monthly amount that you are responsible for paying. An extended warranty can be purchased outright too. If this type of purchase is made, the warranty coverage will be paid for in full and will not raise the interest rate on the auto loan principle.
An extended warranty will likely not cover normal wear and tear that is associated with driving a vehicle. It may not cover roadside assistance either. A dealer will provide a list of what an extended warranty will include. Use this information to help you determine if you would like to purchase an extended coverage plan.
Some dealerships employ mechanics. The mechanics will work onsite and provide services to the customers who have purchased vehicles from the dealership. If a mechanic's shop is not available at the place where you make your purchase, the dealer who sells a vehicle to you can refer you to an outside mechanic who will honor your extended warranty coverage.
Speak with a company like Elite Auto Repair for more information about extended warranty cars.
Share2 February 2022
Hi there. I am Noelle. I would like to welcome you to my website. I am here to talk to you about obtaining auto service from a professional garage. When my car decided to stop working on a road trip, I was forced to search for a good auto shop while far from home. I was surprised to find out that the random auto shop I picked provided immense support and excellent service. I will use this site to talk about the benefits of working with an auto shop and explore all of the services performed by these skilled professionals. Thanks for visiting.