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Warranty Authorized
Extended vehicle warranties and product warranties
In most American cities and towns, a car is an indispensable way to go to work and to participate in society. Cars represent more than freedom and mobility; they have come to be an essential aspect of life in the US. A car is, in fact, the second biggest investment after home ownership. This is why it's important to protect this investment with a warranty.
As automotive repair costs continue to rise because of technological innovations that make cars more expensive to repair or replace components, the need for this protection can only increase. In addition, with the current economic challenges due to job losses, home foreclosures, currency devaluation, inflation, and other trends, people are not able to earn as much as before. Consequently, the ability for car owners to pay expensive car repair bills may decrease over time.
By getting the protection of a warrant, a car owner will be able to handle any automotive mechanical failures. On average, the factory warranty will last for up to 3 years or 36,000 miles, whichever comes first, after which the extended vehicle warranty will go into effect to continue the protection. The extended warranty can mirror the original warranty, and even, in some cases, enhance it.
There are basically three major types of warranties available in the market: a comprehensive warranty, a component warranty, and a powertrain warranty. A comprehensive warranty is the most extensive, covering almost everything that can go wrong with a car, only excluding components associated with upkeep, body, and wear and tear. A component warranty will cover the powertrain and most major components. And a powertrain warranty will cover the powertrain components like the engine, transmission, and drivetrain.
There are also partial or supplemental warranties. For example, you can get a supplemental warranty for wear and tear items like manual clutches and brake pads, rotors, and shoes because these will not be covered in one of the main types of warranties.
In addition, car warranty companies often offer complementary additional coverage to assist customers with unexpected breakdowns on the road. If your car breaks down, 24 hour emergency roadside service will be able to either repair it or have it towed to an authorized ASE certified repair facility. While it is under repairs, you will still be able to get around town in a free rental car. And should your breakdown occur 100 or more miles away from home, travel interruption protection will pay for motel and restaurant expenses.
Besides these various types of coverage, a customer can add options to improve their service contract. For example, by getting the right to transfer ownership, a customer will be able to improve the resale value of their car. A car that will allow you to transfer the auto warranty will sell faster than other cars of the same make, model, and year advertised in a classified ad. It may even sell at a higher price. If the new owner does not want the warranty, the seller can get a prorated refund.
About the Author
I am a financial planner who writes primarily about credit and personal finance.
Should an Authorized Kicker dealer charge me more for the "Manufacturers Warranty"?
I recently bought a Kicker (CVX) at a dealer that claimed he "had" too charge me for the Manufacturers Warranty. He did not give me the choice. If i were to buy from the web site, the warranty would be included in the price. I feel as if he was just making up "Fee's". (How would i go about finding out if this guy is an Authorized Kicker Dealer?)
Thanks CarpeDiem, the same dealer also charged me 8% sales tax. I live in broward county, Florida. As far as i know sales tax in FL is 6%
No, the manufacturers warranty is just that, a warranty given by the manufacturer that has NOTHING to do with the dealer. You can call Kicker and ask them if the guy is an actual "dealer" but the problem with that is that to my knowledge, Kicker can be bought thru secondary distributors. However, I would recommend calling them and explaining the issue to them and get their take on it. Personally, I think it's fraud. I never charged any of my customers for a manufacturers warranty.
Maxxsonics Authorized Internet Dealer Announcement and MORE!