A vehicle service contract, commonly referred to as an extended warranty for car owners, is an optional protection plan you can purchase to help cover repair costs. Usually, an extended vehicle warranty starts after the manufacturer's warranty expires, but in some cases, the two protection plans overlap. The start date of warranty coverage is the date on which you purchase the vehicle, even if the vehicle was manufactured several months before the date of purchase. If you are the second owner of the car and the warranty is transferable, the start date is the date on which the original owner purchased the car.
Vehicle eligibility for extended warranties varies by provider. Manufacturers generally require you to purchase an extended warranty on the day the vehicle is purchased or before the factory warranty expires. Third-party contracts can be purchased for new or used vehicles at any time. Coverage from some third-party providers extends up to 250,000 miles.
Another reason companies use the extended car warranty waiting period is to YOUR benefit. You get 30 full days (sometimes more depending on the policy selected) to ensure you have adequate coverage. If you decide that you are not satisfied or not interested, we will cancel and refund the money. New vehicle warranties are often a very important part of closing the deal.
The peace of mind provided by warranty coverage plays an important role in separating new cars from used cars in the eyes of vehicle buyers. In fact, some companies, such as Hyundai, have made extensive warranty coverage a major component of brand identity. This, in turn, helps certain car manufacturers benefit from the perceived commitment to quality that accompanies a long-term warranty period. Yes, in theory, it starts at the moment a new car is sold - after all, it is a new car warranty.
And yes, you can assume that, since you are buying it new, you are the first owner of this car, but unfortunately it may not be so. With an extended car warranty waiting period, you can't use your policy until your car breaks down. Similarly, if you buy a used car with more than 90,000 miles, you may not be eligible for an extended dealer warranty. With so many car warranty options on the market, selecting the best car warranty can seem overwhelming.
With an extended warranty, you won't have to worry about paying out of pocket for an unexpected and expensive car repair. A third-party car warranty that offers coverage for high-mileage cars may be the only option available to you in this case. Specific contract terms, fees, taxes, charges and other charges are determined upon validation of vehicle information and supplier acceptance of the extended warranty, so CARCHEX is not responsible. However, a transferable extended warranty can also increase the value of your car and help you achieve a better deal when selling the car.
In comparison, you can buy a protection plan for your vehicle from a third-party provider at any time. If you purchased an extended warranty from the manufacturer directly from the dealer, this is likely to be the first point of contact in the event of a breakdown. Providers such as CARCHEX offer a lot of flexibility, allowing you to choose between different levels of coverage and durations to create a plan that fits your driving habits, vehicle and needs. Some new car dealers take a vehicle out of inventory for demonstration use, effectively putting it into service and making the warranty watch work.
Assuming that it starts as soon as the keys are delivered can end up being a costly mistake, especially if a one-year warranty has already been cut from the original service contract. When you buy a CARCHEX vehicle protection plan, you are assured of working with one of the most reputable auto warranty providers in the industry today. .