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Explore expert insights on bumper-to-bumper warranties explained to drive smarter and stay informed.
Explore expert insights on bumper-to-bumper warranties explained to drive smarter and stay informed.
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New car, new Bumper-to-Bumper warranty benefits. Automobile manufacturers are the makers of new beginnings for new car owners across America.
Find out what happens once the warranty ends after 3 to 5 years. Not everyone has available cash for expensive repairs when things go wrong. And not everyone has the luxury of buying a new vehicle. We unpack some pros and cons of Bumper-to-Bumper warranties and Powertrain plans. We also look a little beyond the termination of the factory guarantee.
Investing in a shiny new set of wheels means you get a new bumper warranty. This is an immense advantage over investing in a pre-owned vehicle. But the cost of a brand new car could set you back a cool $47 000. The ordinary man in the street could find buying a new car unrealistic. Plus keeping your vehicle in peak working condition could prove draining on finances.
A car that no longer has Bumper-to-Bumper cover could prove expensive to maintain. Getting another protection plan could save automobile owners thousands of dollars.
Did you know that the average cost of repairs rose to almost $0.10 a mile? Most American car owners are aware of these exponential costs. While over 60% of American drivers understand how helpful vehicle warranties are, only 47% have invested in one.
What do Bumper-to-Bumper warranties cover? Will my factory warranty cover the battery? Will it cover other essential wear and tear components?
We often refer to a Bumper-to-Bumper warranty as comprehensive cover. It covers most parts, from the front of the vehicle to the rear bumper of your car. New wheels usually come with a 3 to 5 year coverage plan (Bumper-to-Bumper warranties). This is part of the manufacturer’s promise to consumers. It does, however, offer limited coverage. We encourage purchasing vehicle service contracts after the factory warranty expires. This will avoid those out-of-pocket surprises.
Here are some questions to ask yourself. Do this before making any big or small financial commitments. Does bumper-to-bumper warranty cover battery failure? Will my Bumper-to-Bumper cover tires and other wear and tear items? Most times, the answer is no. Speak to your auto dealer to clear up any gray areas and read the fine print. Get the clarity you need at the point of sale to avoid disappointment.
Determine the coverage of each plan, as warranties differ. The warranty will clarify everything in black and white, even the bumper. We refer to Bumper-to-Bumper coverage as an “exclusionary warranty”.
Reading that fine print is important. There are exclusions car owners need to be aware of. There are a couple of exceptions. Here is a list of what most Bumper-to-Bumper plans cover:
Your Bumper-to-Bumper extended warranty will not cover general wear and tear of components. This includes tires.Your Bumper-to-Bumper warranty replaces and repairs faulty factory components.
Your factory warranty does not cover general maintenance. Your warranty does not cover oil changes, theft, or accidents. These expenses are for your pocket.
Here are some typical exclusions:
How do Bumper-to-Bumper warranties compare to Powertrain warranties? Each warranty has unique features. Understanding these differences will help motorists rethink their choices.
What differentiates the two plans from each other? The answer is in the wide range of coverage. Powertrain warranties protect key parts. The Bumper-to-Bumper plan offers a wider safety net. Your Bumper-to-Bumper plan usually covers additional components and systems.
Powertrain warranties offer coverage for essential components for longer periods. Bumper-to-Bumper plans offer shorter coverage periods with more extensive plans.
The cost of a plan is usually the deciding factor for warranties. Your Powertrain offers a balance between costs and essential coverage. Bumper-to-Bumper plans demand a greater investment for a more comprehensive plan.
Benefit from a Bumper-to-Bumper plan with broad coverage.
Spend now to save later. Ensure your warranty, no matter what type, is transferable. This will either enhance or decrease the value of your vehicle.
Your Bumper-to-Bumper warranty has both positive and negative connotations.
If you are in the market for maximum cover for your new car, especially high-end cars, your Bumper-to-Bumper warranty could prove a lifesaver. Enjoy fuss-free ownership with reduced financial surprises.
Bumper-to-bumper warranties are makers of new beginnings. Don’t join the queue of consumers under pressure. One of life’s thrifty tricks is to protect your wheels. Forgo all those nasty surprises with clever coverage plans.