If you own a new car chances are your car has a warranty. In fact, many used cars that are purchased from a dealership even come with a warranty nowadays. Simply put, a car warranty is a legally binding document that states if certain issues arise with your car then the dealership is required to fix these issues at no cost to you, the owner. A warranty can cover be valid for a variety of time frames and can cover a variety of different issues and if you own a car, a warranty can save you tons of money on expensive car repairs. If you want to learn about all the different types of car warranties, the following information will enable you to choose the right car warranty for you.
1. Manufacturer's Warranty. A manufacturer's warranty, also known as a basic warranty, is the type of warranty that is given by the manufacturer of the car you buy. These types of warranties cover the basic components of a car that tend to break down due to normal wear and tear and they are usually only valid for a year or two after you purchase a car. A Manufacturer's warranty does cover many possible car part issues, but it does not cover tires or battery replacement.
2. Dealership Warranty. Although many people often confuse a manufacturer's warranty with a dealership warranty, these two types of warranties are different in that the latter is provided by the dealership where you buy your car. A dealership warranty generally covers the same types of issues that a manufacturer's warranty covers, but you are usually limited in choice of repair shops and will typically have to get your car fixed at a specific dealership.
3. Extended Warranty. An aftermarket car warranty is the type of warranty that can be bought after the manufacturer's warranty has expired. Most manufacturers offer an extended warranty, but not all do so it's important to see if your car's manufacturer offers this type of warranty. In order to not have a lapse in warranty coverage, you should aim to purchase an extended warranty before your original warranty expires. Extended warranties do provide decent coverage for your car, but some do not include as much coverage as a manufacturer's warranty.
4. Rust and Corrosion Warranty. A rust and corrosion warranty will safeguard your car in the event that it begins to rust or corrode. Usually the rust issue has to be pretty bad for a rust and corrosion warranty to cover the damage, but it is something to think about having if you are concerned about your car rusting or corroding.
5. Emissions Warranty. Although many basic auto warranties cover costs that can accrue from repairs that come as a result of failing an emission test, not all do so if yours does not cover this issue, you may want to consider buying an emissions warranty.
6. Powertrain Warranty. A powertrain warranty covers car parts like the transmission, clutch and axle and drive shafts which can be very expensive issues to fix if something goes wrong. Although a powertrain warranty covers expensive issues like these, it does not cover a new engine if an engine problem occurs.
These are the 6 most common type of car warranties. Based on the type of car warranty you desire and the expense you are willing to spend to pay for these warranties will be contributing factors in the final decision on choosing the right warranty for your car. Always remember, though, that most car issues can be quite expensive to fix when you're paying out of pocket so sometimes it can be a wise decision to purchase a car warranty.