What You Need to Know About Automotive Warranty in 2023
Introduction
Automotive warranties are an important part of owning a car. They help protect you financially in case of expensive repairs that are beyond your control. In 2023, the automotive industry is continuing to evolve, so it’s important to stay up to date on the latest automotive warranty trends.
Types of Automotive Warranties
There are two main types of automotive warranties: manufacturer warranties and aftermarket warranties. Manufacturer warranties are typically provided by the car manufacturer, and cover certain parts of the vehicle for a specified period of time. Aftermarket warranties are provided by third-party companies and usually cover more parts and services than manufacturer warranties.
What Automotive Warranties Cover
Automotive warranties generally cover repairs and replacements of parts that are found to be defective due to manufacturing or material defects. The warranty may also cover labor costs associated with the repair. In some cases, the warranty may also cover diagnostic fees, towing fees, and rental car fees.
What Automotive Warranties Don’t Cover
Automotive warranties typically don’t cover repairs or replacements due to normal wear and tear, accidents, or misuse of the vehicle. Additionally, some warranties don’t cover parts that are not original to the vehicle, such as upgraded parts. It’s important to read the warranty document carefully to make sure you understand what is and isn’t covered.
Length of Automotive Warranties
The length of an automotive warranty varies depending on the type of warranty and the car manufacturer. Manufacturer warranties often last for three years or 36,000 miles, whichever comes first. Aftermarket warranties can last anywhere from one to five years.
Cost of Automotive Warranties
The cost of an automotive warranty depends on the type of warranty and the car manufacturer. Manufacturer warranties are generally included in the purchase price of the vehicle, while aftermarket warranties are typically purchased separately. The cost of an aftermarket warranty can range from a few hundred to a few thousand dollars.
Conclusion
Automotive warranties are an important part of owning a car. In 2023, it’s important to stay up to date on the latest trends in automotive warranties to make sure you’re getting the most out of your purchase. Understanding the different types of automotive warranties, what they cover, and how much they cost can help you make an informed decision when purchasing a car.
