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What is an auto warranty?
An auto warranty is a service contract that covers the cost of repairs and replacements for specific parts of your vehicle due to mechanical breakdowns or defects in workmanship.
How is an auto warranty different from car insurance?
Car insurance covers damages from accidents, theft, or natural disasters, while an auto warranty focuses on mechanical issues and repairs related to the vehicle’s parts and systems.
What are the different types of auto warranties?
The common types include manufacturer warranties, extended warranties, powertrain warranties, and bumper-to-bumper warranties.
What does an extended auto warranty cover?
xtended warranties typically cover major systems like the engine, transmission, electrical components, and sometimes additional items depending on the plan.
Are regular maintenance and wear-and-tear items covered?
No, items like oil changes, brake pads, and tires are not covered by most warranties as they are considered normal wear-and-tear.
Are warranties transferable if I sell my car?
Yes, many warranties are transferable, which can increase the resale value of your vehicle. Check the terms of your contract for specific details.
Can I get an extended warranty for a used car??
Yes, extended warranties are available for used cars, but eligibility depends on the age and mileage of the vehicle.
How do I file a warranty claim?
To file a claim, contact the warranty provider, describe the issue, and take your vehicle to an approved repair shop for diagnosis and repair.
Is a warranty void if I modify my car?
Certain modifications may void parts of your warranty. Always check with the provider before making modifications.
How much does an extended warranty cost?
The cost varies depending on the coverage level, vehicle make and model, and the warranty provider. Typical costs range from $1,000 to $4,000.
Are there deductibles for repairs under the warranty?
Yes, most warranties have a deductible you pay per repair visit. This amount varies by plan.
Why should I buy an extended auto warranty?
An extended warranty provides peace of mind by covering unexpected repair costs, which can save you money in the long term.
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