1 Answers
ForestMystic
Updated:01/04/2024
When considering affordable used cars from dealerships near Cerritos, buyers often look for warranties or guarantees that enhance their purchasing confidence.
Warranties Customarily Offered
- Manufacturer Warranty: Many used cars still have a portion of their original manufacturer warranty remaining.
- Dealer Warranty: Dealerships may offer their own warranties, which can vary in duration and coverage.
- Extended Warranty: Available for purchase, this extends coverage beyond the standard warranty.
- Limited Powertrain Warranty: Commonly offered, it covers major engine, transmission, and drivetrain components.
- Certified Pre-Owned (CPO) Warranty: For CPO vehicles, this warranty often includes additional benefits like a thorough inspection, roadside assistance, and special financing rates.
Common Terms Used in Warranties
| Term | Description |
|---|---|
| Coverage | Specific components that the warranty protects. |
| Duration | Time limit or mileage limit for the warranty. |
| Deductible | Payment required from the owner before warranty coverage kicks in. |
| Transferable | Whether the warranty can be transferred to a new owner. |
| Exclusions | Parts or issues not covered by the warranty. |
Comparison of Dealership Warranties
| Dealer | Manufacturer Warranty | Dealer Warranty | Extended Warranty |
|---|---|---|---|
| Dealer A | 2 years / 24,000 miles | 1 year / 12,000 miles | Can add up to 3 years |
| Dealer B | 5 years / 60,000 miles | 2 years / 24,000 miles | Can add up to 5 years |
| Dealer C | 3 years / 36,000 miles | 1 year / 15,000 miles | Can add up to 4 years |
Frequently Asked Questions
- What does a typical warranty cover? Most warranties cover significant components like the engine and transmission but often exclude wear-and-tear items like brakes and tires.
- How do I know if my warranty is still valid? Check the owner’s manual or contact the dealership with your vehicle identification number (VIN).
- Can I purchase an extended warranty later? Yes, many dealerships allow you to purchase an extended warranty anytime before your existing warranty expires.
- What is a certified pre-owned vehicle? A CPO vehicle is inspected and refurbished by the manufacturer or dealer, offering additional warranty benefits.
Mind Map: Key Factors in Used Car Warranties
- Warranty Types
- Manufacturer
- Dealer
- Extended
- CPO
- Important Terms
- Coverage
- Duration
- Deductible
- Transferable
- Exclusions
- FAQs on Warranties
- Coverage
- Validity
- Purchase Options
- Definition of CPO
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