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Thursday, September 27, 2012

It Pays to Know Your Warranties!

When purchasing a used car it is a good idea to buy the optional extended warranty. Used car dealerships will guarantee their vehicles are not lemons, but even the safest and most reliable used cars will need repairs eventually, and some of them sooner rather than later. A vehicle's worth goes down as the miles go up, and the more miles on your used car the more likely it is that you will need the extended warranty.

The problem is, which used warranty should a used car buyer purchase? Some used car buyers don't know there is more than one. There is often an assumption with any purchase that a warranty will automatically cover important and necessary problems that arise. Not all warranties are built the same, and an extended used car warranty may not provide coverage unless full protection available. Here is a look at the nine major types of used car warranties.

The powertrain warranty, also known as the "standard" warranty, covers most moving parts and the engine. It can cover the timing belt, drive axle, transmission, and CV joints. These are the essential parts of all vehicles, and should be top priority no matter what type of vehicle you purchase.

There is also the components warranty. It covers specific components that are specified in a specific warranty. This warranty can cover anything, basically listing a discounted repair price for the specific part covered. This is an especially important warranty if there is a specific part on the vehicle purchased that is likely to break soon after receiving much wear and tear.

Sometimes a buyer may have to purchase a separate warranty for a hybrid vehicle if they want hybrid parts covered. Hybrid parts can be more expensive, and are often not covered in a standard warranty.

Emissions warranty may be necessary. This warranty covers parts needed to pass current legal emissions standards for a given period of time. Look over a warranty for expiration dates and mile limitations the emissions warranty covers.

Sometimes a rust protection warranty may be purchased. This warranty is especially important if the buyer lives where rust is a common problem, such as in coastal areas. This warranty is not necessary in some regions, but if the buyer plans frequent trips to areas with high salt concentrated air then the rust coverage might be a good idea.

Separate warranties may also be purchased to cover battery replacement. Battery replacement may be covered by a full coverage or bumper to bumper warranty, but not always. Check to make sure this coverage is included or purchase it separately.

Bumper to bumper and full coverage warranties are somewhat similar. Full coverage encompasses many of the parts included in the other warranties listed here. It usually covers most major parts and often roadside assistance. Bumper to bumper warranties typically cover all other problems. This warranty covers anything left over from bumper to bumper like audio systems, electrical systems, and air conditioning.

In the end, only the buyer can decide what is best for them, but it may benefit a buyer to speak with the dealer about what warranty is best for them. An informed opinion can always help make the best decision. Each of these warranties has its benefits, and the decision depends on the type and age of the vehicle being purchased.

If you would like more information about getting an extended warranty and purchasing a used vehicle from Liberty Buick GMC come on out to the dealership or call 866-442-0871. Visit their website at www.clickliberty.com.