One of the most important aspects of shopping for a new car is determining the value of the warranty. Most auto companies provide basic coverage which protects the owner against expensive repairs and defects for the first three years of ownership or 36,000 miles. There are some car companies that offer warranties beyond the standard three-year, 36,000 mile deal. By taking advantage of the extended warranty, the total cost of ownership will decrease.
There are four main types of new car warranties including:
Types of New Car Warranties
• Roadside Assistance
The Basic Warranty is standard coverage that pays for repairs related to defects on the factory-installed components. Tires are not usually included but are covered under the tire manufacturer warranty.
The Powertrain Warranty also covers the engine, transaxle and transmission mechanisms are lasts longer that the Basic Warranty
A Corrosion Warranty covers any rust that results in holes in doors or side panels.
Roadside Assistance usually includes free towing and tire change services if the automobile breaks down while in transit.
It is always advisable to check with each dealer for specific details regarding the warranties.
Although there are numerous warranties available on the market, the top five include:
Top Five Automaker Warranties