All About Used Car Warranty
Used car shopping can be a tedious task if you aren’t sure what you are up against. The used cars usually have a Buyer’s Guide attached to it to give prospective buyers information about the history of the car. It also includes the critical information of whether the car is being sold in the “as is” condition or is provided with a warranty. The law stipulates that used car sellers need to provide this information to future buyers in order to avoid future legal disputes.
Well, everyone knows how the warranty scheme works for a new car fresh from the manufacturer. However, many consumers are unaware if what is actually covered by the warranty of a pre-owned car. In most cases, it depends on the car as well as the dealership willing to offer. Here are a few key points usually covered by warranty:
- The owner of the vehicles can avail the warranty service within the stipulated warranty period.
- Warranty service is a free service and usually includes re-installation or removal of any major component of the vehicle.
- In case the dealer is not able to repair the vehicle, you can opt to get a replacement or a complete refund.
- The dealer needs to be informed in order to avail the warranty service.
- Customers do not to fulfil any requirement in order to avail the warranty service.
- Warranty service usually does not include fluids, wipers, tires, belts, battery, windows, accessories, oil filter and emissions system.
- An implied warranty is stated to have no time limit and can be invoked any time the consumer requires.
- A limited warranty is comparatively more limited than an implied warranty and tends to offer less coverage as well.
As mentioned earlier, the law requires the used car seller to provide Buyer’s Guide to potential customers that include previous history and existing condition of the vehicle. This usually includes information about what percentage the dealer is expected to pay towards the repair of the vehicle. The Buyer’s Guide should also list the components of the car where problems may occur. It should also mention information about deductibles that can be useful for customers in deciding whether or not the vehicle will fall within their budget.
Some reputed dealers also offer extended warranties that are optional. In case you are opting to get the extended warranty, make sure to read the fine print to know what services you can expect for the extra payment. Here are a few things that need to be included in the comprehensive warranty in case you are still on the fence about extended warranty:
- Wear and tear and breakdown is covered.
- Warranty comes into effect on the day the purchase is made.
- Warranty is offered by a reputed and well-funded vehicle warranty administrator.
- Offers either one deductible or a zero dollar deductible per visit.
If you are opting for a third party warranty, experts recommend checking around to ensure that the warranty offer is legitimate. After all, no one likes being stuck with a dud warranty when their vehicle runs into trouble.