How to Compare Auto Warranties
An auto warranty is a common part of buying a vehicle, and most people buy the vehicle without thinking about what the warranty really means. They never stop to compare auto warranties to make sure they are getting the best deal possible. Then, they may end up with non-covered services later.
- Review the car manufacturer website for information on the bumper-to-bumper warranty plan that the manufacturer is offering. Most domestic car manufacturers provide a three year or 36000 miles warranty to their customers. If you select a luxury vehicle, the warranty usually entails a longer period than domestic cars warranty. Most foreign car maker follows the domestic warranty time frame use but Hyundai offer their customer's five years or 60000 miles.
- Examine carefully the details of the bumper-to-bumper coverage. Look specifically for exclusions because some manufacturers exclude small items such as wiper blades, batteries and CD players also compare vehicles with similar specifications.
- Examine the warranty coverage for power train components. Most warranties cover the major components of a vehicle such as the engine and the transmission. Look for car manufacturers that offer the longest warranty for these big ticket items. Normally, this type of coverage goes into effect after your bumper-to-bumper warranty expires.
- Look at the rust protection warranty offered. If you live in area where rust is a problem, this type of coverage would be a nice feature to have. Many manufacturers offer rust warranty five years or more.
- Check if the warranty comes with any deductible that you have to pay out of pocket.
- Check the fine print when you compare auto warranty. Do this to make sure you comply with all the agreements stipulated. Most warranties will indicate you have to perform routine maintenance in order to keep the warranty in place.