Car Warranties

For those that are looking to either buy a new car or used car, one question that is always on a buyer’s mind is whether the car they buy will be reliable and hold up for the many years to come.  While reliability has definitely increased over the last few decades, more and more people drive more and rely on their vehicles to get at least 100K miles or more.  One way to ensure that your car will be running and will be fixed if there is a problem is if it is covered by a long term car warranty.

Here are some tips:

If you are worried that you are about to invest in an expensive vehicle and want to get the most out of your car, definitely look into car warranties.  Most new cars come with at least a 3 year, 36,000 mile warranty that protects your investment from problems with the engine and drive-train which includes the transmission.  These two components are usually the most costliest items to replace.  While 36,000 miles sound like a lot, many commuters that drive a lot can surpass this amount in less than 2 years.  Other car manufacturers are more aggressive in their sales and offer warranties that offer 7 year, 70,000 miles or a 10 year, 100,000 mile warranty, making driving just about worry free for those that don’t put that much mileage on one’s car.

After Market Warranties
Even if your car manufacturer or used car dealer doesn’t offer a substantial warranty, some after market warranty companies offer their own.  While some are pricey, if you want a warranty, they are an option.

Make Sure You Read the Fine Print
It can not be stressed enough.  Make sure you read the fine print on any car warranty that comes with a vehicle or that you purchase.  If you don’t understand something, either ask questions or have a lawyer look at the contract for you.