How Can Extended Manufacturer Warranty be Beneficial to a Car Buyer?
A manufacturer warranty is a promise sellers offer to car buyers, which states that the seller backs the vehicle against defects in design. The manufacturer warranty law is bounding upon the auto dealers, and they are obliged to repair, replace, or reimburse for damages suffered by the buyers — to a certain extent.
If you have purchased a brand-new car or one certified pre-owned, you will likely receive a basic warranty plan upon the purchase. You can be sure that the vehicle will most likely last beyond the manufacturer warranty, so it would make sense to get an extended warranty to keep the car protected in the future as well.
We look at a few ways in which an extended manufacturer warranty law would benefit car buyers.
1 – Convenience and worry-free
When you suffer a car breakdown, it can cause stress and disruption in your everyday routine. An extended warranty provides help to customers when they need it the most. A good extended warranty offers customers towing services, meals, hotel stay, even rental vehicles in the interim.
2 – Improved car value
The value of the vehicle under extended warranty increases as the vehicle ages. These benefits of an extended warranty are not obvious and hence not considered by many customers.
When a vehicle is under warranty or extended warranty, it is more likely to be well maintained and better. Hence, it is of more value to the owner and will command a better trade-in value if the customer decides to sell it.
3 – Protection from expenses
A car will suffer breakdowns in its lifetime, proving costly. The factory warranty protects the car owner for a limited period, but nowadays, car owners keep their vehicles longer than ever. It means that the factory coverage will expire in a couple of years.
An extended warranty provides similar protection to the customer, starting from the day after the completion of their factory warranty date.
4 – Cars are complex
As technology has improved in leaps and bounds today, the cars built today are far more advanced than those in existence just 4 or 5 years ago. More codes are written for a vehicle today than were written for the first rocket on the moon.
The costs of vehicle repairs are soaring. Though the auto industry is going through a great time, it also means that there are far more complexities. It results in problems with cars for the owners due to the increased risk of breakdowns. Hence, it is in the best interest of the car owners to protect themselves from potentially high repair costs by getting an extended warranty.
Wrapping Up
Extended warranties are beneficial to the customer as well as the dealership. If you are facing issues related to manufacturer warranty law, the reliable attorneys at Allen Stewart can assist you.
Andrew Richardson is the author of this Article. To know more about Odometer exempt please visit our website: allenstewart.com
