However, cars older than 10 years old or those that have over 200,000 miles may not qualify. Extended warranties can even be found on high-mileage vehicles with 100,000 miles or more. Therefore, an extended warranty can provide necessary protection against costly repairs. Used cars do not come with a warranty, unless you are purchasing a certified pre-owned (CPO) vehicle. Buying an extended warranty on a new car is often less expensive than purchasing one for a used car. However, if you anticipate owning your new car for longer than the duration of the manufacturer’s warranty, you can buy an extended car warranty during your purchase process. Used Cars New cars are covered by the manufacturer’s warranty. Consider it a must-read before buying any warranty.Īgain, we can't stress enough the importance of reading the fine print that comes accompanies any extended warranty, so you can know exactly what constitutes a covered repair should your car break down. The provider should offer a list of inclusionary and exclusionary items that spells out what is and isn't covered by these warranties. They also make distinctions between bumper-to-bumper and powertrain coverage, but they may not be as comprehensive as the factory warranty. Įxtended warranties kick in once the factory warranty expires. Other automakers like Toyota, Honda, and Ford offer 5 years or 60,000 miles, whichever occurs first. Hyundai and Kia notably offer 10 years or 100,000 miles on their powertrains, which is the best in the business. Powertrain warranties also vary but are typically good for five years or 60,000 miles. Most manufacturers offer bumper-to- bumper warranties for three years or 36,000 miles, though this may vary. Wear and tear stuff like brake rotors, brake pads, tires, and oil changes are not covered by either warranty. In the event of a mechanical breakdown, such as your radio or air conditioning failing, or a turn-indicator relay burns out, or the seat motors freeze up - all that should be covered by the bumper-to- bumper warranty. The bumper-to-bumper takes care of anything that doesn't fall into that category. The latter one covers the engine, transmission, drive system, and other critical mechanical components. There's usually two types: the bumper-to- bumper warranty and the powertrain warranty. Extended Warranty: What Does Each Warranty Cover ?Įvery new car comes standard with some sort of manufacturer's warranty. The last thing you want is to get in a dispute with the provider over who is paying to fix your car when it's down and out on the side of the road. Each extended warranty is different in this regard, so you'll need to carefully read the fine print. They also might reduce coverage for certain repairs as the car continues to depreciate or as mileage accumulates. In reality, the warranty provider may not cover every sort of unexpected repair your car might need.
You'll pay upfront for the warranty, and if anything happens to the car during the period of coverage, the warranty provider should pay all costs, less any deductible. What is an Extended Car Warranty ? An extended warranty - also known as a vehicle service contract - is an agreement brokered between you and the warranty provider over who pays for car repair costs to your vehicle during a stated window of time. To help, we've gathered up the facts to help you decide if extended car warranties are worth it.
#BUMPR YO BUMPER WARANTY WORTH IT FULL#
You'll want a full understanding before you make any decisions about getting an extended warranty. Many buyers of these warranties eventually realize they spent more on the warranty than they got out of it. For a few dollars more a month, why shouldn't a car buyer splurge on it?īut there's more to it than that. It's a tempting offer, one that looks even better when the cost of it gets rolled into a monthly payment with your car loan. For a single one-time fee, you can extend your coverage for a few years beyond when the normal auto warranty expires.
Extended warranties are exactly what they sound like - an extension of the factory warranty that comes standard with every new car sold today. That peace of mind is also a big reason car buyers decide to purchase an extended car warranty when they go car shopping. While buying a used car is often a smart financial decision, some consumers don’t want to sacrifice peace of mind by purchasing a car that’s been owned by someone else.
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