It’s always confusing which to choose: new car warranty or extended car warranty, and it can be frustrating sometimes. Understanding the difference between them will help you to choose the best warranty that suits your needs.
New Car Warranty:
The new car warranty is a common auto warranty offered by a factory or dealership. All major automotive manufacturers offer this standard warranty on every new car, though different makers offer different types of warranties. New car warranty covers only extravagant items like engine, transmission and drivetrain problems. The manufacturer’s warranty includes a set time for bumper to bumper issues. Brands offer a new car warranty only for a less period.
Extended Car Warranty:
An extended car warranty can be purchased at any time when buying a new car or when the new car warranty is about to expire. Buy an extended warranty from the dealership or third-party warranty car company like Warranty and Insurance. This warranty best suits people who plan to use the car for a prolonged period, outrunning the standard warranty. It is better to purchase an extended warranty before the new car warranty expires.
Consider These Things When Buying an Extended Car Warranty:
Know the Brand:
Do intensive research or ask your friends or family members which car’s brand breaks down often. Decide based on their views and experience, including their dealership’s service after the sale.
Differences Between the Automaker and Third-Party Extended Warranties:
When a manufacturer provides an extended warranty, it can be used only in other dealerships but not at any repair shop. Since a third party has no business relationship with a car’s brand, the car can be taken to any repair shop provided that the shop covers the extended warranty.
Know what’s covered:
The manufacturer’s warranty covers certain parts for a certain period. When considering a third party extended warranty, make sure to check what all it covers and when the coverage will act. Oil changes, windshield wipers, tire damage, brake pad replacement: are usually not covered under this warranty. Third-party extended warranty companies like Warranty and Insurance have better coverage options.
Choose Your Coverage Level:
Most of the manufacturer’s warranty plans usually cover engine and electrical damage, including labour costs, but it doesn’t cover the usual wear and tear. Whereas the extended warranty from third parties offers better perks like roadside and emergency assistance, covering towing costs. It offers more coverage options and even allows the consumers to customize the coverage terms.
It is better to know that your new car is protected well past the manufacturer’s warranty with the third-party extended warranty like Warranty and Insurance. A new car comes with a limited time new car warranty, and you can buy an extended warranty at any time irrespective of the new car warranty which is in effect.
