What Is New Car Warranty?
A warranty can be defined as a contract of obligation that is signed by the seller for covering any repairs or replacements in the article sold, for a stipulated time period. Most electronic/electrical products are sold with warranty. Similarly, new car warranty is a manufacturer's warranty that is valid after the purchase of a new car.
This warranty covers the mechanical troubles, if any in a new car. This type of warranty which is given by the manufacturing company is also known as the original warranty. It is given through a contract between the buyer and the manufacturing company.
The contract provides an assurance to the buyer that the company will bear any expenses on the repairs that may include labor cost or the cost of replacing any parts. The company will provide this cover for a limited period of time or for a limited number of miles traveled.
The minimum time period for which the new car warranty provides cover is usually 1 year. However it can go up to 3 years also. In some cases the warranty may lasts up to 36, 000 miles. There are three other types of original warranties for a new car. They are the bumper to bumper warranty, the adjustment warranty and the power train warranty. The bumper to bumper car warranty is very popular. It covers almost everything from the tires to the viper blades. In short it covers every body part of a new car. The adjustment warranty includes coverage for the car parts, and the engine. However it is a short period warranty that lasts for almost a period of ninety days. Then there is the powertrain or the drivetrain warranty. This warranty is designed to cover a car's transmission, engine as well as and differential. The warranty covers a car for a specific number of months and number of miles. Also it includes the costs of an extensive repair. Therefore it provides a wider coverage than the standard bumper to bumper warranty. Apart from these three forms of warranty, the buyer can also go for the extended warranties. This option provides the buyer with an extra warranty that lasts much beyond the original date of warranty. Usually most of the buyers are confused between warranty and insurance. Actually, they are similar in a way that they provide coverage to the buyers when it comes to the expenses of any repair to the car. However their legal implications are very different. The fact is that new car warranty is an option which helps the buyers with any unfortunate repairs, without letting them worry about the expenses.
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