Car Warranties Explained
When you purchase a new FCA US LLC from our dealership, whether it’s a 2019 RAM 1500 or a 2018 FIAT 500e, it will most likely include some type of warranty. If you’re new to the car buying process, warranties are likely going to be confusing to you, but here at our RAM finance center, our finance experts are ready to explain how vehicle warranties work, as well as the different types of warranties that you’ll encounter.
A manufacturer’s warranty is the vehicle coverage that’s included in the original purchase of a new car or truck. There is no additional cost to buyers, and these types of warranties will cover most repairs to your vehicle for a limited number of miles or years. One example of a manufacturer’s warranty would be a three-year or 36,000-mile warranty.
If you want additional protection that goes beyond the manufacturer’s warranty, you can also purchase an extended warranty. This is a service contract that provides vehicle coverage to help offset repair costs after the manufacturer’s warranty has expired. While you can purchase an extended warranty at any time, the cost will rise significantly if you opt to purchase it after the manufacturer’s warranty has already expired. If you’re looking to save money, it’s recommended that you purchase an extended warranty at the time of sale.
Types of Extended Warranties
If you choose to purchase an extended warranty, you can choose between dealership extended warranties and third-party extended warranties. A dealership extended warranty is sold by the dealership at the time of sale and added to the purchase price. A third-party extended warranty is backed by an insurance company and has no direct relationship with the automaker.
To learn more about warranties, head on over to Shaver Chrysler Dodge Jeep® RAM & FIAT for more information.