Understanding your vehicle warranty is the best way for you to save money on repairs. Warranties will differ on what they cover, length of coverage, maintenance requirements and whether or not you’re eligible to purchase an extended warranty. Let’s dive a litter deeper into each of these topics.
What does it Cover?
Warranties are typically offered with new, certified pre-owned and even some used vehicles. The details of each will vary. Factory warranties cover defective parts of your vehicle for anywhere from 3-5 years on average. Bumper to bumper is the most comprehensive coverage you can obtain. It includes all major vehicle systems such as heating and AC, steering, safety features, high tech systems and electrical components. A powertrain warranty covers things such as engine, transmission, seals, drive shafts, etc. Your corrosion warranty covers corrosion from salt, rust, water and other environmental factors. Finally if you purchase an extended warranty, that will cover all your vehicle systems, roadside assistance, normal wear and tear and corrosion when your manufacturer warranty expires.
How to Maintain your Warranty
Having a warranty doesn’t mean you can neglect your vehicle. You can’t skip regular maintenance and expect your warranty to cover any and all damages. An article written for goautocity.com elaborates this point by saying, “Regularly maintaining maintenance on your car is important to do anyway, but it’s particularly crucial when you have a warranty. Failing to regularly maintain and inspect your car can lead to a voided warranty. Typical car maintenance are tasks such as oil changes, tire rotations, fluid checks and flushes, replacements on brake pads and belts, and other minor repairs.” Your warranty costs you zero additional dollars a month. Don’t make the mistake of neglecting your vehicle and potentially voiding your warranty. You will end up paying for it in the long run.
If you have the option, consider purchasing an extended warranty for the inevitable moment when your initial warranty expires. The above mentioned article also states, “Unfortunately warranties run out. That’s where extended warranties come in. Many car owners choose to purchase a service contract or extended warranty to provide further coverage for repairs and maintenance. These contracts are sold separately by car dealers, vehicle manufacturers and independent providers. Depending on your needs, you will need to look over the various types of service contracts to get the one that is right for you.” The additional upfront cost might seem like an unnecessary expense. However, most standard warranties last only a few years or a specific number of miles. The likelihood of your vehicle needing repairs when that initial warranty expires is high. Instead of shelling out cash to fix things down the road, paying an upfront extended warranty cost is a must more appealing option.
Understanding you warranty is one of the most important things you can do as a vehicle owner. Take time to learn exactly what’s covered so you can avoid needless overspending.