NEWS

Are "free" car warranties worth it?

<p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> If you've been car shopping, new or used, you've likely seen "power-train warranty" in the paperwork. <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> <img alt="" src="http://www.bearing.com.cn/membcentre/editor/attached/image/20190122/20190122132702_65780.jpg" /> <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> The warranties usually cover parts that make the vehicle move, like the motor itself. <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> They typically come with new cars for a period of years, and more used car dealers are offering them at no additional charge. <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> They're even offering lifetime warranties. <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> Should you choose one pre-owned vehicle over another because of that warranty? <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> I'm not a big believer in costly, extended warranties. <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> And even with these freebies, I have a lot of questions. <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> Can you get service and repairs at other shops or only at a specific dealer? <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> Is it transferable if you sell the car? Most are not. <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> How much is the deductible per claim? Usually $100, but some jump after a few years. <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> And what does a power-train warranty really cover? <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> It usually does not cover brakes, wheel bearings, and other things that could be a problem. <p style="color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;font-family:Georgia, serif;font-size:19px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;"> Also, with most of these, you must get permission before work is done or it can void the warranty.

22 Jan,2019

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