If you have ever shopped for a car and chatted with someone at the dealership you have word the word warranty come up at least once. Buying a car is a complicated process, and it’s important to understand how warranties work and what they cover before you pay for extended protection or another type of unique plan. To avoid confusion and frustration, here are some of the common misconceptions about car warranties and the underlying truths you need to know.
All Warranties Are Created Equal
There are many different types of warranties, so just because you’ve heard of one doesn’t mean you know them all. Even though it’s inconvenient, you should read each warranty to understand the terms, conditions, and coverage levels.
The two major kinds of warranties are called manufacturers’ warranties and extended warranties. The manufacturer usually offers basic coverage within a time or mileage limit. When you’re looking at a new Toyota for sale, you may want to consider purchasing an extended policy to get better or longer-lasting protection.
Your Warranty Covers All Repairs
Warranties are important because they cover defects or other issues that you may not be aware of, but warranties don’t cover all types of damage. General wear and tear and damage from accidents or neglect are things that your warranty won’t cover. However, if your digital dashboard suddenly glitches out, you may be able to get it fixed under a warranty.
A Warranty Means You Can Skip Maintenance
You might have driven off the lot with a warranty that covers specific engine repairs, but you still need to take care of your vehicle with regular maintenance. In fact, some warranties become void if you don’t keep your car up to date with oil changes and other services. Refer to the manufacturer’s guide to find out how often they recommend routine services.
Any Mechanic Will Do
Many warranties require that you seek out an authorized dealership or service center for car repairs. Don’t make the mistake of taking your car to your friend Bill for a serious issue. You might end up with a null and void warranty.
Confirm what your warranty requires before you leave the lot with your car. Your dealership will be more than happy to go through the details with you so that you know where you can take your car for servicing and repairs.
Extended Warranties Are a Must
Extended warranties do provide more coverage than the traditional manufacturer’s warranty, but that doesn’t mean you have to pay for one. It’s worthwhile to compare the cost of the extended warranty to the benefits of having it.
Doing research ahead of time can help you make this decision. You’ll want to factor in how reliable your car will be, the regular repair and servicing costs, and how many years you think you’ll have the same vehicle.
The Nitty Gritty of Car Warranties
Warranties are valuable tools when it comes to protecting your car, so it’s crucial that you read each warranty you encounter thoroughly. In the end, you’ll definitely save money if you have a strong warranty, but you’ll still need to act as a responsible car owner. Learn the terms of your warranty and stay on top of regular servicing for your vehicle to set yourself up for success.
