Federal Reserve announces emergency meeting on auto lending regulations • Click for details

Vehicle Sales

0
+ 0 %

AFN Composite Index

0

+7.00%

Inventory Index

0
- 0 %

SOFR

0
- 0 %

APR 48 Mos.

0
+ 0 %

Do You Need an Aftermarket Auto Warranty?

Auto Finance News

Aftermarket auto warranties are useful for both new as well as used car owners because of the fact that they provide additional coverage to vehicle owners. While an after market warranty on an old car works like a regular manufacturer’s warranty, for a new car, the warranty can be used to cover the components that cannot be claimed with the manufacturer’s warranty. Apart from this, an after market warranty comes into play once the manufacturer’s warranty expires on a new car, so your car is always covered in case of any unexpected repairs.
You can get an aftermarket auto warranty for your new car in case you feel that the manufacturer’s warranty does not cover all the components that might need to be repaired or replaced in your vehicle. It is a good bet for vehicles where the manufacturer’s warranty is about to expire or void. Unlike your manufacturer’s warranty.

It is advised that you read and understand the fine print on your after market auto warranty clearly so that you are not disqualified from getting the payments due to you in case you send your vehicle for repairs. Most companies require that you get your vehicle serviced at specified time periods and have other processes carried out at other times. In case you fail to get these things done as specified, you lose your right to claim for expenses incurred on repairs even in spite of your warranty.

In the first place, you should go for an honorable and reputed company when buying your aftermarket auto warranty. Secondly get a warranty that comes with a minimum of terms and conditions and thirdly, make sure that you understand each and every one of them and are fully satisfied before buying your warranty.

Have A Great Week!

Charles Butler

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Aidan Bush

CarMax Auto Finance originations down 1.5%

David Thompson

Wells Fargo Auto originations soar 110% YoY

David Thompson

Chase Auto originations down 3% YoY

David Thompson

Subscribe To Our Email Newsletter

Join industry professionals who start their day with our curated auto finance news.

* indicates required

By clicking submit below, you consent to allow Auto Finance News (Royal Media Group) to store and process the personal information submitted above to provide you the content requested.

For more information please visit www.royalmedia.com/legal.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.

Sponsored

Tesla announces new fleet financing program

EV Finance

Subscribe to Our Newsletters

PowerSports Finance - Monthly coverage of the powersports lending market