The manufacturer’s warranty
When a new vehicle is sold, a manufacturer’s warranty is included to show the buyer that the vehicle is protected should it have any problems. This warranty is factored into the vehicle price. These warranties cover the parts of the vehicle aside from the normal wear of items like brake pads, wiper blades, etc. This is often referred to as a Bumper to Bumper Warranty. These warranties do not last forever. They are valid for a set period of time from when the vehicle is purchased and go up to a specific mileage limit.
Mechanical Breakdown Insurance vs. Extended Warranties vs. Vehicle Service Contracts
Several manufacturers offer warranties on certain used vehicles referred to as Certified. These vehicles have been inspected by a manufacturer to insure that they meet the requirements for Certified standards and becoming eligible for coverage. There is a big difference between a vehicle that is just certified by a dealership and a manufacturer certified vehicle. Only the manufactured certified vehicle is backed by a Certified warranty.
Vehicle Service Contracts, Extended Warranties and Mechanical Breakdown Insurance are all similar. All are intended to offer the vehicle owner with protection in case the vehicle has a failure or mechanical problem. There are differences in the insurance regulations that they have to abide by, but these differences are generally very small, and do not effect a consumer at all.
Different insurance regulations apply to different states, which affect the types of policies which can be sold in them. Every product is structured differently to ensure that it is eligible for consumer distribution in that state. These regulations serve to protect consumers and to make sure that the product being sold is strong and provides the financial security and girth to pay out claims which may come up in the future.
It is important that when you are purchasing additional protection that you make sure it is a reputable product that will meet your needs and has a high rating by financial and insurance agencies.
The Importance of Routine Maintenance & Your Warranty- How They Work Together
All vehicle extended service contracts and warranties call for the vehicle owner to perform the maintenance service that the manufacturer requires. These are services such as tune ups, tire rotations, oil changes and major service every 30,000 miles. Some manufacturers require more frequent service than others. Following the manufacturers guidelines will help to ensure that the vehicle performs as it’s supposed to. Not performing regular maintenance can cause the warranty to be voided and your claims may not be paid out.
Make sure you keep records of all services as proof that you have been following the maintenance guidelines. The maintenance can be completed at an aftermarket repair facility or the dealership. If you choose to carry it out at another repair facility make sure that they follow the manufacturer maintenance plans as overlooking a requirement can lead to the warranty being voided.