Auto Warranties
When purchasing a car, the buyer must be encouraged to buy an auto warranty contract to help protect against unexpected, costly repairs. While it may sound like a good idea, it is advisable not to buy until the terms of the contract and who is responsible for providing the coverage, are completely understood. A car is likely to have a number of mechanical breakdowns. Purchasing an auto warranty protects the owner from the high cost of mechanical repairs.
Auto warranties are provided as a value added service by car dealers or by external agencies. Since 1979 these companies have become specialists in auto warranties. Warranties are available on any year, make, or model vehicle with any mileage. Coverage varies from 3 months to 14 years and from 3000 miles to 170, 000 miles. The warranty industry has broken warranties down into three major categories. Various plans such as component, power train and bumper-to-bumper plans are offered. No matter what option one chooses, each of the warranties provides all the benefits the owner needs, at an affordable price. For just a few pennies a day, any vehicle can be protected from unexpected mechanical breakdowns. Auto warranties extend their services across the town or country when an unforeseen repair is required.
Very few auto warranties cover all repairs. Common repairs for parts like brakes and clutches are not included in warranties. If an item isn't listed, assume it's not covered. The owner is liable to pay for the entire overhaul of an engine, if a part not covered by the warranty is found to be defective. Car warranties play an important role in the resale of used cars. A major feature that is looked into while purchasing a used car is the warranty it offers.
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21 Nov 2008 at 11:48pm
If Bankruptcy Hits Detroit New York Times, United States - 1 hour ago Any bankruptcy financing given to a car company should be enough to buy warranty insurance to cover its fleet. None of this guarantees an orderly ... Walker's World: Bailing out Detroit United Press International all 3 news articles | Read more...
21 Nov 2008 at 11:13pm  Vancouver Sun |
Automakers' bailout bid is running on fumes Pittsburgh Post Gazette, PA - 2 hours ago Car companies claim customers would not buy a car from a company about to go bankrupt because of warranty and service concerns. GM cites a June 2008 survey ... Bailout hopes fading for state's auto dealers TheDay Dems demand business plan from Big 3 abc7news.com Auto bailout: A Washington issue beyond lobbying? The Associated Press Slate - MarketWatch all 3,025 news articles | Read more...
21 Nov 2008 at 8:23pm  Truthdig |
Bailout is wrong road to recovery Denver Post, CO - 5 hours ago Big Three executives argue that bankruptcy would frighten away buyers, who might worry that warranties wouldn't be honored. The problem, however, could be ... Honk if you love bailouts Charleston Post Courier Auctioning Detroit To The Japanese And Germans (TM)(GM)(F)(HMC) 24/7 Wall St. Does Obama Still Want Stronger Unions? National Journal all 486 news articles | Read more...
21 Nov 2008 at 4:49pm  BBC News |
Should You Buy a Detroit Car? Kiplinger.com, DC - 8 hours ago It's likely that foreign carmakers would buy assets of a failing automaker, and the sale of any car brand would have to include the warranties. ... Local Reaction To The Bailout Possibility For Auto Industry WITN Editorial: Banks should co-sign Washington's car loan FinancialWeek (subscription) Let?s help Big Three keep jobs Kansas City Star Business Spectator all 26 news articles | Read more...
21 Nov 2008 at 3:00pm
Car Battery: What You Need To Know To Replace One Hartford Courant, United States - 10 hours ago Your car manual will tell you what CCA rating is best (Example: 460). Consumer Reports recommends steering clear of batteries with a CCA rating below the ... | Read more...
21 Nov 2008 at 10:16am
Officials: Be Wary of Extended Auto Warranty Phone Calls News10.net, CA - 15 hours ago (AP) -- Yolo County officials are warning Californians to be wary of phone calls offering extended auto warranties. The county's district attorney says ... | Read more...
20 Nov 2008 at 9:57pm
DA: Beware Of Auto Warranty Phone Scams KCRA.com, CA - Nov 20, 2008 After carefully reviewing your auto warranty then call the company back," Heidi D'Agostino, enforcement officer of the Consumer Fraud Division, ... | Read more...
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