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The Definitive Guide To Buying Your First New Car
Extended Warranty
You have the option of purchasing an extension to your warranty if you want.
This will extend the mileage that will be covered on your car. Since many manufacturers are offering 100,000 mile warranties these days, you may not find it necessary to buy an extended policy. There are three extended warranties that are available:
Power train warranty - This warranty will include any repairs that will have to be made to the engine or transmission.
Bumper to Bumper warranty - This warranty will cover all parts within the car that are not on the exclusion list. This is a list of parts that are not covered.
Named component warranty - This warranty will cover mechanical systems within your car.
You should consider this an extended warranty policy if you travel often for business, you live in an area that is tough on a car, or if you live in a high crime area. These warranties do not cost that much, and may offer you peace of mind.
When shopping for a new car, you should consider the type of warranty you will be offered. Many times you can negotiate to get a better warranty. This is usually the first area that salespeople will try to negotiate. By knowing the different types of warranties and what they will cover, you will be in a better position when asking for a better warranty or one that will cover your car for a longer amount of time.