How does a 3rd party extended warranty work?
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How does a 3rd party extended warranty work?
An extended car warranty is an optional vehicle service contract you can buy from a third-party vendor. These cover the price of major repairs or replacements for a certain number of years or number of miles. The warranty usually begins when the manufacturer’s warranty expires, but sometimes the two overlap.
How do you use a car warranty?
A vehicle warranty is like an insurance plan: If something goes wrong, you take the vehicle to the mechanic’s shop for repair. If the problem is included under the warranty, then the repairs are paid for—even if your car needs thousands of dollars’ worth of repair work.
Can you use an extended warranty at any dealership?
You can use a manufacturer-backed extended warranty at any dealership across the country. A third-party vehicle service contract might be good only at the dealership that sold it to you.
How soon can I use my extended warranty?
An extended car warranty waiting period is your money-back guarantee. Another reason that companies use the extended car warranty waiting period is for YOUR benefit. You get a full 30-days (sometimes more depending on policy selection) to make sure you have the right coverage.
Can I look up my warranty with my VIN?
If you cannot find the VIN number, the only real way to check your vehicle’s factory warranty is to call or visit your local dealership. They will need the VIN number to look up the information but can tell you for sure what is and is not covered if anything at all.
How do I claim an extended warranty on my car?
As soon as you experience an issue, take your vehicle to a repair shop and initiate the claims process immediately. Check your contract to see which repair shops will accept your coverage. Most manufacturer extended warranties require that you take your car to a dealership for repairs.
How do I file an extended warranty claim?
How To File A Claim
- Prevent Further Damage by Taking Immediate Action.
- Take the Vehicle to the Repair Facility of Your Choice.
- Authorize the Repair Facility to Diagnose the Vehicle.
- Have Repair Facility Contact Claims Department and Receive Approval.
- Pay Applicable Deductible and Pick Up Vehicle.
Do you have to go to the same dealership for warranty?
Do you know many car owners end up purchasing auto service contracts from the dealership to keep the manufacturer’s warranty intact? If you are one of those, you need to know that it is not necessary to take your car for service to the dealership during the warranty period.
Do all extended warranties have a waiting period?
In all extended coverage contracts, one of the items that is always excluded is a pre-existing condition. When you buy an extended warranty or vehicle protection plan contract, there is typically a 30-day and 1,000-mile waiting (or validation) period.
Can I check my car warranty online?
Perhaps the simplest way to check to see if your used car is under warranty is to use a service such as Carfax. You can go their website, and enter your VIN number and retrieve information about your vehicle including service history and the car warranty.
How do I look up my car warranty?
Contact Dealership If you cannot find the VIN number, the only real way to check your vehicle’s factory warranty is to call or visit your local dealership. They will need the VIN number to look up the information but can tell you for sure what is and is not covered if anything at all.
What are the best car extended warranty companies?
WarrantyByNet is probably the best known Vehicle Extended Warranty provider on the web. Currently, they provide warranty services for Kelly Blue Book, Auto Trader and many other well known companies. They have an exceptional customer satisfaction history and are members of the Better Business Bureau .
What is the cost of extended warranty?
There is no clear-cut answer to this question, but we do see an average in the industry. Based on our research, an extended warranty can cost anywhere between $1,600 and $4,500 for three to six years of coverage. The average is about $2,862.
What is auto extended warranty?
Extended auto warranty. An extended auto warranty is a service contract between the owner of a vehicle and an auto warranty provider, the latter which may be either the original manufacturer or a third party. All new cars come with a warranty that cover repairs for a certain period of time and a certain number of miles,…
What is third party warranty?
A third-party warranty is so named because it has no direct business relationship with the product it covers. In this case, that’s your car. These warranties differ vastly from manufacturer extended warranties, which use original parts and factory-trained technicians to repair your vehicle at a dealership.