When purchasing a new vehicle, it is important to do some research in what warranty is right for you. Purchasing a new vehicle is expensive; however, ensuring that you have the right warranty is crucial in minimizing the amount that you will have to spend on repairs and maintenance down the road because, let’s be honest, no matter what vehicle you purchase, there will be some wear and tear over time. Powertrain warranty coverage is a great way to make sure that these repairs will be taken care of when the time comes.
Covering Costly Repairs
What a powertrain warranty basically covers is the power parts of a vehicle that supply power and make it move. This is going to be parts such as the engine, transmission, drive axle, and other internal parts such as seals and gaskets. Repairs and replacements of these parts can be hefty, so knowing that you will have coverage down the road will provide great peace of mind and financial security. It is also nice knowing that you will be able to take care of your vehicle and keep it in good running order during the time that you own it and a powertrain warranty can save you hundreds, if not thousands, in the process.
In it for the Long Haul
One of the powertrain warranty’s most compelling qualities is that it lasts so long. Your typical powertrain warranty is going last you for 60,000 miles or five years. Some automakers such as Kia and Hyundai will even extend your coverage to up to 10 years or 100,000 miles. This is great because you have great coverage for some of the most important working parts of your vehicle for five to ten years. In addition to this, if your powertrain warranty is still valid when you are ready to sell your vehicle, it will add overall value to your vehicle’s worth.
Another common type of coverage that people purchase for their vehicles is “bumper-to-bumper” coverage. This term however is misleading because there is no type of vehicle warranty that is going to literally cover everything between your bumpers. A bumper-to-bumper warranty will cover things such electronics and other systems that may not be covered in a powertrain warranty, but you can stack your coverage, so you could have a powertrain warranty as well as your bumper-to-bumper. It is important to know, however, that a bumper-to-bumper warranty usually only lasts for about three years, so you will need to renew this coverage before your powertrain warranty expires.
In a lot of ways purchasing a new vehicle is an investment. You have the initial purchase of your car, then you add other yearly expenses such as registration and insurance and you have ongoing costs. However, with the purchase of powertrain warranty coverage you are going to save money down the road and it is going to provide coverage for a long time before you will need to worry about renewal.