Are All Warranties The Same
There are multiple choices to determine when buying your new or used car. So what what options do you have; The first options is the Original Equipment Manufactures Warranty (OEM), then the Extended Warranties, and finally you have Mechanical Breakdown Insurance (MBI), and Extended Vehicle Service Contracts (EVSC)? Most of these coverage options agree to pay for unseen repairs, but each one is different. When the buyer is going through finance department they most likely will be offered an extended warranty at the dealership.
New or Used Vehicles WarrantiesWhen your on the hunt for a new or used vehicle, the automotive warranty for most new vehicles will cover 36,000 miles or three years, whichever comes first and some other warranties go as high as 100,000 miles or ten years, which ever comes first.
For used cars it’s a little different, because they ca be offered “as-is” or with implied, limited, or full warranties. In most of the states dealerships will offer the cars without warranties, and offer an option to purchase full or limited warranties to better cover the buyers.
ONIT Protection Extended Warranties are will worth the investment as they will protect you from costly repairs that and remove unneeded stress.
What’s An Extended Warranty
Well an Extended Warranty has a few different names at the dealership, but it’s most commonly known as an Extended Vehicle Service Contract (EVSC). The Extended Warranty might also be known as a Vehicle Protection Plan (VPP), or Mechanical Breakdown Insurance (MBI) depending on the location and region. These warranty coverages are designed to provide extended warranty coverage when the OEM Warranty expires or if it’s already expired.
What Extended Warranties Cover
Extended automotive warranties cover unseen repairs for a set amount of years or miles. Depending on which coverage plan is chosen, you will have different repairs covered from plan to plan. Based on the company some warranties only cover parts of the vehicle such as the drivetrain and engine. Other warranty plans offer full comprehensive protection that’s similar to the manufacturers warranty coverage.
Now generally most standard warranties don’t cover routine maintenance that’s caused by wear-and-tear from driving. Some extended warranties will cover every single dollar of each repair, while other warranty companies will require you to pay a deductible to use the coverage.
Choosing an Extended Warranty
Typically warranty service providers offer multiple tiers to choose from depending on your needs. Before you buy your warranty coverage, go through the contract and review it to see what exactly it covers, doesn’t cover, and who is authorized to repair the vehicle. If their is a deductible verify the amount, and whether the warranty is transferable.
Some warranty contract will specify associate automotive facilities that will repair your car, or they my require you to use the dealerships repair facility. If you are not sure what your contract says or your unsure, then please give us a call at (480) 703-1239 and we will assist you free of charge. Here at ONIT Protection we stand behind our products and only offer the best coverage options at affordable prices.