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Auto
warranty
Cars
like most other things that we use are not predictable. You
might by the most costly of them and from the best brands and
even after that your car might break down the next day.
Repairing a car is a costly venture. with the advancements of
technology cars no longer are simple machine .they are now run
and controlled by computers which make cars less prone to break
downs. But when these cars breakdown it becomes a Herculean task
to repair them as they are all automatic and require a
professional to repair them. Hence a break down leaves you with
a big hole in your pocket. The solution to the problem is car
warranty. Most car manufactures give a warranty of about three
years on there cars. These warranties are actually written
documents that assure a cars sound performance for the period of
time and if the car breaks down within that period the car
company would pay for all the repairs. But the question arises
as who would pay for these warranties if you are buying a second
hand car. Also if you are buying a second hand car you would be
unaware of the cars previous history and performance and hence
might fall into a maintenance expense trap as the manufacturers
warranty has long been over. These are why a person should take
extended warranties on used cars. For that you have to invest a
specific amount of money depending on your cars existent
condition and the number of years you want the warranty to last.
These kinds of extended warranties save you a lot of headache
while using second hand cars. Auto warranties come under four
levels of categories has defined by most auto warranty
companies. They are:
Power
train: These types of warranties basically focus on engine,
transmission and drive axles. The total number of components
under warranty might vary from company to company. This kind of
coverage is important because it is these components that
normally break down and are the most costly to repair.
Power
train Plus: This includes all the Powertrain components plus
between 5 to 10 additional components such as: steering,
electrical, air conditioning, cooling and fuel system.
Full
Coverage or Premier:
In full coverage all
the items that have been given in the powertrain plus are
included along with that there are other items such as: Hi-tech
Electrical and Customer Convenience packages. These include all
sophisticated gizmos like "remote keyless entry
module", "cruise control", "Basic antennae
motors", "rear wiper motors" and the cars air
conditioner...
Bumper
to Bumper or Premier Plus: This
is the best form of warranties as its coverage is similar to the
ones the car manufacturers give you once you buy a new car. It
is the most comprehensive package as it covers all the car
components except the ones that are given in the exclusivity
list. . A list of excluded items is provided and must be read
carefully before buying the warranty.
Steps
to get a perfect warranty
1.
Preferably do not buy warranties from the car dealer as
warranties from dealers are normally far more costly than the
ones given by warranty companies
2.
Make sure the warranty companies you’re considering have
reinsurance for all their policies –in this way you are safe
from any kind of default. Also make sure that the reinsure
companies are reliable companies.
3.
If you are buying a warranty through internet always make sure
that the company is not fake.
4.
Choose extended warranties which are within your price range
otherwise you face the risk of default
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