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Warranties are important to cash buyers, lessees or those who finance their cars. Some shoppers don’t give much weight to the value of a warranty and many of us don’t really know what a warranty covers, but a good warranty can be a great protection in case of unexpected major repairs. What happens if your engine stops working and you have to put in a few thousand dollars and you don’t even own the vehicle yet?
While many people have heard “3-year or 36,000-mile basic limited warranty and 5-year or 60,000-mile limited powertrain warranty” over and over again, that is not the only warranty offered by all car brands.
Both Kia and Mitsubishi back their vehicles with industry-leading warranties. Both manufacturers back all of their gas-powered cars with a 5-year or 60,000 limited basic warranty and a 10-year or 100,000-mile limited powertrain warranty. Additionally, Mitsubishi vehicles come standard with roadside assistance.
With the introduction of hybrid and electric vehicles to the market a few years ago, manufacturers have also added a battery warranty to the warranty list. This warranty protects the vehicle’s battery, which is just important as the vehicle’s engine. Chevy and Mitsubishi protects the electric or hybrid vehicle batteries with an 8-year or 100,000-mile battery warranty.
Each manufacturer has various specifications of what they protect, so it is up to the owner to check their warranty to see what is covered when in need of repairs.
Powertrain warranties typically cover things related to the vehicle’s engine, transfer case, drive systems, emissions control systems, and the transmission. While basic limited warranties generally provide coverage from the body to the electrical system.
Additionally, warranties typically do not protect damage due to accident, misuse, alteration, insufficient or improper maintenance, contaminated or poor-quality fuel or environmental and chemical exposure.
So if you plan on making some modifications to your car, you might want to wait until after your warranty is up. A company can’t guarantee their parts if they have been altered and are not being used in the same manner as they were intended to be used.
If you are a driver that prefers to have a car that is protected by a warranty all the time, extended warranties are an option when buying a new or used vehicle, or at any point you own or are making payments to the vehicle.
Most dealerships, including NowCar, present buyers with various extended warranty plans before the end of the purchase and the decision is up to the buyer. One example of a great extended warranty plan is the new “Complete 360” Plan offered on FCA vehicles, like Jeep, Dodge and Ram, by Mopar. The plan includes regular maintenance services, extends the warranty terms and cost for the extended warranty can be added into monthly finance payments.