Tag Archives: Auto Financing
The Design and Defect Warranty
Basically, the Design and Defect Warranty covers the repair of all emission control related parts which fail during the term of the warranty. According to Federal law, the manufacturer must repair or replace the defective part free of charge if: It is within the term of the warranty; An original equipment part or system fails [...]
The Federally-Mandated Extended Emissions Warranty
Because of its wide-ranging coverage, the Federally-mandated extended emissions warranty can offer powerful protection to the buyer of a late-model used car. First, because of the sheer length of its coverage it’s probably the only warranty that’s likely to still be in effect by the time a car is sold to a second owner. Second, [...]
Extended Warranties and Service Contracts
Extended warranties are sold through dealerships. They can be backed by either the manufacturer or by an aftermarket company. The cost of purchasing an extended warranty can be high. Make sure you get your money’s worth. The coverage spelled out in an extended warranty often “overlaps” the terms of the standard manufacturer’s warranty. During the [...]
Implied Warranties Only
The term “IMPLIED WARRANTIES ONLY” means that the dealer does not make any specific promises to fix anything (even things that need to be repaired) when you buy the vehicle or after the time of the sale. But, state law “Implied warranties” may give you some rights to have the dealer take care of serious [...]
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