There are many important aspects that can add or detract from the value of a new car purchase. Besides the actual selling price of the vehicle, other aspects like fuel mileage, safety, maintenance costs, residual value and reliability can have a tremendous impact on a vehicle’s value.
Since some repairs can run thousands of dollars, another important factor often over looked by consumers is the type of factory warranties offered on a new vehicle. Just like some of the value considerations listed above, new car warranties should be an important factor when comparing value. This article looks at the different aspects of new vehicle warranties to help the consumer make an informed purchasing decision.
Bumper-to-Bumper New Vehicle Warranty
Often referred to as the “bumper-to-bumper warranty” the basic warranty that comes with a new car purchase generally does not cover every component on the vehicle. Maintenance items for example may not be covered. Wear items like brakes and tires may also be excluded or have coverage that’s prorated, where the owners pays a portion of the replacement cost.
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