Car Warranties Muncie IN
South Bend, IN
South Bend, IN
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Fort Wayne, IN
Leasing consumers often don't realize that there are reasons not to lease for a longer term than the car manufacturer's general warranty. It's because any problems that occur after the warranty has expired are the responsibility of the consumer, which could be very expensive, depending on the type of problem.
Many people who are already leasing may have this exposure now. Others, who may not have yet leased, really need to lease for longer terms to keep monthly payments as small as possible. In either case, an extended warranty is required to eliminate the risk of financial surprises after the manufacturer's warranty has expired.
Types of warranties
New-car warranties generally come in two parts: a "general" ("bumper to bumper") warranty, and a "powertrain" warranty, which often covers a longer period of time than the general warranty. There may also be separate warranties for rust corrosion, emissions system, restraint system, tires, and battery. The Owner's Manual for the vehicle will spell out these coverages.
General warranties are typically for 3 years or 36,000 miles, whichever comes first. These warranties cover just about everything on the vehicle that is not covered by another warranty. They don't cover normal wear-and-tear items and other items that are specifically listed in their "exclusion" clause. Since all manufacturers' warranties are different, you should consult the Owners Manual...