If you are thinking of buying either a new or used car it is sensible to invest some money in a car warranty because this could save you money if the vehicle breaks down or parts need replacing. Before you buy a warranty for a new or used vehicle there are certain things that need to be taken into consideration first.
Below we offer a few tips to help you when it comes to finding the right car warranty for you.
1. When buying a used vehicle first check to make sure that the manufacturer’s original warranty is still valid as normally with vehicles less than three years old this is generally the case. However, if you are purchasing the vehicle from a dealer and the warranty has expired they may offer you a short term warranty for free or elsewhere enquire if it is possible to purchase an extended warranty instead.
2. Ask to see a copy of the owner’s manual as this will tell you everything you need to know about the general warranty conditions for the vehicle. The general warranty provided by the manufacturer will either cover the owner of the vehicle for a three year period or 36,000 miles depending on which is reached sooner. Normally the warranty will list the parts of the vehicle which are covered by it.
3. Look for those vehicles where you can get an extended or power train warranty which cover the vehicle for 60 months or 60,000 miles. However, although some companies offer such warranties as standard many cannot be purchased until after the original warranty on the vehicle has expired.
4. If you do intend to go for an extended warranty on a new or used vehicle then make sure you go with a reputable company. Look for those who have a history of providing such like Carchex auto warranty, Wynn’s auto warranty or CNA auto warranty and who have a number of different car warranty plans for you to select from and who will provide you with their terms and conditions in writing before you sign up to one. Also look for those companies who offer a money back guarantee and will cover your vehicle no matter where you are.
5. It is crucial that you read each of the car warranty plans you are considering through carefully before you sign on the dotted line. Look not just how long the warranty is in place for but also what time limits there are in place in which you can make a claim. Ideally you want a warranty that is going to protect your investment which is a considerable one.
You need to remember that any car warranty you get is not going to provide a guarantee of how long the car will last for, but is to assure that you that the car was in good condition when purchased. So you need to be aware that there are certain limitations on the kinds of claims that can be made under such warranties and if you mishandle or abuse the vehicle these may well not be covered by it. So this is another reason why you need to read through the document carefully before agreeing to it.