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New Reasons to Consider a Car Warranty
11 June

New Reasons to Consider a Car Warranty

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Car Loans Canada


Do you need a car warranty? New cars, of course, come with some sort of warranty. Typically, warranties include a number of years and often a distinction is made between the "power train" and the rest of the car. There are numerous ways that one can take advantage of a car warranty.

Many mistakenly believe that a car warranty is not available for them if they are buying a used car; however, this is not the situation. It is possible to get a warranty on a used car and even extend the warranty on your existing car.

When you buy a car or any kind of vehicle, you want to know that you've made a smart purchase that will serve you well for years to come. At the top of the list, however, should be considering a warranty.

Buying a Car Warranty-You Never Know What Might Happen

Many people these days are keeping their car for longer periods of time. This underscores not only the value of having a car warranty, but also making sure you perform all your regular maintenance and work to keep your car in fine running order. The bottom line is that you just never know what could happen, as no car or machine is ever perfect. This is why having a warranty on your car is a prudent investment!

Warranties Can Vary Greatly in Many Ways

As with almost all consumer goods, warranties can vary greatly. So be sure that you read your warranty carefully and understand exactly what your warranty covers and for how long.

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The most common warranties include the following:

-Bumper to bumper

-Extended length

-Roadside assistance

-Tires

-Rust perforation

-Emissions

-Batteries

-Airbags

-Seat belts

New car warranties generally give you bumper-to-bumper protection for a given amount of time, with some exceptions. Those exceptions usually include items such as tires and brakes, for example. A 36-month warranty is quite common in new cars, but you do see many manufacturers offering far beyond the 36-month limit as a selling point.

 

The typical warranty periods are as follows

1 year 3 years 5 years 10 years

12,000 miles 36,000 miles 60,000 miles 10,000 miles

Keep in mind also that if you are buying a used car it is still possible to get an extended warranty. However, first be sure to look at the car's original warranty and see how much coverage is left. Also it is important to note that factory warranties do not always get transferred to the person who buys the car used, so be sure to double check that detail. In general, extended warranties standout as a good investment and smart money management.

 

Tags:
  
auto loans   
Canadian vehicle warranties   
car buying tips   
car tips   
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