cars extended warranty meme origin (2023)

FAQs

Why do extended warranties exist? ›

An extended auto warranty is a service contract that covers car repairs beyond the time period of a manufacturer's warranty. These warranties typically cover the costs to repair or replace electrical or mechanical problems that are not covered by manufacturers' warranties.

Extended warranties are policies that extend the warranty period of consumer durable goods beyond what is offered by the manufacturer. It covers the cost of replacement or repair of the product, if it is caused due to a manufacturing defect or poor workmanship.

The first thing to remember is that extended warranties are just like any other car warranty. Yes, there are some major differences between factory and extended warranties, but they all do the same basic thing: promise to repair or replace in certain conditions.

What is the longest extended car warranty? CarShield offers the longest extended car warranty. Its plans can last up to 300,000 miles. CARCHEX also offers vehicle service contracts that last up to 250,000 miles, and Endurance extended warranties can last over 200,000 miles.

Dealerships lean on selling extended warranties because of how profitable they are. Customers who buy a dealership extended warranty with a low deductible will be more willing to bring their car to the service department for repairs, which increases the overall gross profit a dealer will make for the life of the car.

So, if you want peace of mind that you are covered in the event of a break down and for any necessary repairs, it may be worth looking for an extended car warranty which includes some levels of roadside assistance in its cover, or by taking out a separate breakdown cover policy in addition to a car warranty.

Extended warranty plans typically cover your vehicle anywhere from 2 to 7 years. If you expect to keep your car for several years, a longer plan may make sense for you. Even if you do sell your car before the warranty runs out, your extended protection plan may be transferable.

The program covers the vehicle for five years or 1 lakh kilometres on "unexpected repairs". The best bit is that the program is not just limited to brand new cars rolling out of showrooms.

Bumper-to-bumper warranty overview

A bumper-to-bumper warranty, also called a comprehensive warranty, covers most vehicle parts between your car's front and rear bumpers. Most new cars come with a 3- or 5-year bumper-to-bumper warranty that's part of a limited vehicle service contract offered by a dealership.

To cancel your extended car warranty, you will need to fill out a form specifying your mileage and the cancellation date, and then you will need to get a signed copy of the form from the dealership. You will probably need to nudge them to process the request, so don't be afraid to call every couple of weeks.

What is the point of a car warranty? ›

A car warranty covers defects or damage that occurs during normal use and can't be considered normal wear and tear. It pays to replace defective parts with new or reconditioned parts at the company's discretion behind the warranty. It also covers labor.

Most extended warranties don't cover what's are known as “wear and tear” parts. Wear and tear parts are parts of your car that are expected to wear out and be replaced at regular intervals. Your brake pads and rotors are considered wear and tear parts, and almost universally won't be covered by your extended warranty.

Is a 100,000 mile warranty worth it? High-mileage warranties for older cars can be worth it if your vehicle's parts are expensive to replace or if you don't have savings set aside for breakdowns. With extended warranties for cars over 100k miles, all you will need to do is pay a deductible for any covered repairs.

Only 47 percent of consumers have extended warranties, even though 60 percent felt warranties provided value and 62 percent of customers said their warranty helped them in the past year, according to a “Pega” news release Dec.

Buyers who have a factory-backed warranty are usually more satisfied with their purchase than those who get a third-party product. Fifty-three percent of buyers who have a dealership warranty report being highly satisfied, compared to just 41 percent of those who have a third-party plan.

While a powertrain warranty covers the major powertrain components, the comprehensive warranty covers virtually the entire vehicle. The only excluded items are wearable components, like brakes, clutches, belts, and fluids.

It's not just new cars that come with a warranty; many trade sellers and used car retailers also offer a warranty on second-hand cars, although legally they don't have to.

Do car dealers have to give a 3 month warranty? ›

Many used cars are sold with a three-month warranty, some have one year while others may have none. This is entirely legal. Although warranties do not have to be offered Lawgistics recommend car dealers provide customers with something in writing (dealer guarantee, claims procedure or simple terms and conditions).

Tires have a separate warranty

New-car tires are not covered by the vehicle's basic warranty. Instead, the warranty comes from the tiremaker, and it's outlined in a booklet you should find in your new car's glove box. The tire warranty protects against premature tire wear or manufacturing defects.

Exactly what an extended warranty covers depends on the type of warranty that you choose. But in general, extended warranties cover the critical mechanical parts of your vehicle, including the engine, transmission, axles, and gaskets.

Most new cars come with a factory warranty that offers bumper-to-bumper coverage lasting between three and five years. When your manufacturer's warranty expires, you can purchase an extended bumper-to-bumper warranty from a manufacturer, dealership, or third-party provider.

In general, these items aren't covered in a car warranty: Routine maintenance: Routine oil changes, tire rotations, etc. Wear and tear items: Brakes, brake pads, clutches, windshield wiper replacements, headlight bulbs, etc. Exterior or body panel damage: Dings and scratches in the paint.

An extended warranty is actually an insurance policy on your vehicle, a safeguard against expensive, unforeseen repairs. It covers repairs for an agreed-upon period of time and miles. True warranties, though, are included in the price of the product.

You can purchase an extended auto warranty at any time, although waiting until the original factory coverage has expired will generally mean paying a higher premium rate. The most advantageous time for purchase may be near the end of the original warranty term.

Changing your own oil won't directly void your manufacturer's warranty. However, if your car is damaged as a result, the repairs needed won't be covered by the manufacturer. If you're going to do your own oil changes, make sure to use the type of oil recommended by the car manufacturer.

Bumper to Bumper Parts Stores and Certified Service Centers are a part of the network of the Aftermarket Auto Parts Alliance, Inc., one of the largest auto parts program groups in the world.

Is Air Conditioning Included in an Extended Car Warranty? Air conditioners will usually be covered when you purchase a brand new car from a dealership by their manufacturer's warranty (aka a factory warranty). Still, you'd be on your own if that coverage runs out.

Do I get money back if I cancel extended warranty? ›

You can cancel an extended warranty at any time and you'll get a prorated refund for the unused portion of your policy. If the warranty was included in your loan, your car payment won't drop, but you may pay off the car sooner after the refund is deducted from your balance.

An extended warranty typically doesn't follow the vehicle the way a factory warranty does, nor does it stick with you after you make a trade. An extended warranty is different from an original warranty and is generally found on used vehicles.

Batteries: Most automakers will cover regular 12-volt batteries under the bumper-to-bumper warranty in cases where the battery is defective. If the battery is drained and you have roadside-assistance coverage, most automakers will send someone out to give you a jump start.

Bumper-to-bumper warranties don't cover “wear-and-tear” parts, regular maintenance or aftermarket customizations. They also don't cover damage caused by accidents or “acts of God” (that's what car insurance is for) or any problems that result from improper maintenance. Common exclusions include: General maintenance.

An extended car warranty deductible is similar to the deductible that your car insurance company charges you. If your vehicle is ever in an accident and needs repairs, insurance pays for the repairs, and you are only responsible for your deductible.

Wheel bearings are considered a wear and time item, and as is such aren't covered under most factory warranties.

But what does it actually mean? In short, powertrain warranties cover everything that makes the vehicle move, including the engine, transmission, and all the parts that connect the power to the wheels. Powertrain warranties are designed to provide peace of mind for consumers when purchasing a vehicle.

Car batteries are considered "wear & tear" items, like tires, brake pads and motor oil, so they are not typically covered by extended warranties.

Warranties provided by the manufacturer as part of the vehicle cost typically cover only certain problems with the vehicle. Extended warranties or service contracts sold for an additional charge typically cover problems with mechanical and electrical parts not covered by the manufacturers' warranty.

What does extended warranty cover on a car? ›

What's covered under an extended car warranty depends on your specific warranty. In general, they can include the powertrain (engine, transmission, etc.), air conditioning, alternator, gaskets and seals, electrical components, safety restraints, and more.

Extended warranty plans typically cover your vehicle anywhere from 2 to 7 years. If you expect to keep your car for several years, a longer plan may make sense for you. Even if you do sell your car before the warranty runs out, your extended protection plan may be transferable.

The program covers the vehicle for five years or 1 lakh kilometres on "unexpected repairs". The best bit is that the program is not just limited to brand new cars rolling out of showrooms.

There are two types of warranties: express and implied. Under the implied category are three major subtypes: the implied warranty of merchantability (only given by merchants), the implied warranty of fitness for a particular purpose, and the implied warranty of title.

A bumper-to-bumper warranty covers the most essential components of your vehicle after it has a mechanical breakdown. Frequently covered items include your fuel system, steering system, braking system, electrical parts, and safety equipment such as airbags.

Bumper-to-bumper warranty overview

A bumper-to-bumper warranty, also called a comprehensive warranty, covers most vehicle parts between your car's front and rear bumpers. Most new cars come with a 3- or 5-year bumper-to-bumper warranty that's part of a limited vehicle service contract offered by a dealership.

How to get your money back. You can cancel an extended warranty at any time and you'll get a prorated refund for the unused portion of your policy. If the warranty was included in your loan, your car payment won't drop, but you may pay off the car sooner after the refund is deducted from your balance.

Powertrain extended warranties cover only the mechanical parts of a vehicle that make it go, such as its engine, transmission, axles and differentials. They don't protect auxiliary systems, including air conditioners or navigation systems.

A new car comes with a basic or limited warranty, which covers everything except body panels, drivetrain components and wear-and-tear items such as brake pads, oil filters and wiper blades.

Extended car warranties for cars over 100,000 miles can be worth it if your car has been unreliable or you're looking for peace of mind. Warranty plans will cover your vehicle in the case of a mechanical breakdown.

How old can your car be for car Shield? ›

The warranty company can cover over 250,000 miles and it accepts vehicles up to 20 years old.

What's The Average Extended Car Warranty Cost? Based on our research, the average extended car warranty cost is about $2,550, though it can range from $1,000 to $4,500 or more depending on the plan.

AC Compressor (However, AC Gas Leakage where only Gas refill needed is not part of Warranty)

The basic, bumper-to-bumper warranty covers virtually everything in the car-including air conditioning, the audio system, and electrical components. It's typically capped at three years and 36,000 miles; luxury brands like Jaguar and BMW extend the warranty to four years or 50,000 miles.

Most extended car warranties do not cover overheating, so if a hole in your radiator caused your car to overheat and, in turn, your engine blew, you would be out of pocket for the radiator as well as the engine. Check carefully whether your warranty company pays the mechanic or if they reimburse you.