ANSWERS: 1
  • One of the most important factors a new-car buyer will want to consider is what kind of warranty comes with the vehicle. With new cars today having so many more parts, especially electronics, it is extremely important to make sure you get a warranty that covers your car bumper to bumper. Many new-car manufacturers offer 100,000-mile bumper-to-bumper warranties.

    Definition

    So what exactly is a 100,000-mile bumper-to-bumper warranty? Sometimes called a "wrap warranty," the coverage offers protection against defects for a certain number of years or until you put 100,000 miles on the vehicle.

    Coverage

    Most 100,000-mile bumper-to-bumper warranties cover so much that they list only the items they don't protect. Typically, those are normal "wear-and-tear" parts, such as windshield wipers, spark plugs and spark plug wires.

    Warranty Options

    Most cars don't come with a 100,000-mile bumper-to-bumper warranty. This type of warranty is usually considered an "extended" warranty and has to be purchased at an additional cost, either through the dealership or from a third-party vendor. According to Warranty Direct, extended warranties typically cost around $1,500 to $2,000. Ask your car dealer if you are unsure about what kind of warranty or coverage comes with your new vehicle.

    Considerations

    You need to think about whether having a 100,000-mile bumper-to-bumper warranty is important to you. If you plan on keeping the car, then you will be assured that any problems in the next 10 years of car ownership will be taken care of. On the other hand, if you plan on trading in the car every few years for a new one, then the added costs of the extended warranty won't make sense.

    Expert Insight

    Consumer advocates warn that dealers make a huge profit off of add-on sales such as extended warranties, and some dealers may push this product on you whether or not they think you really need it. So be educated about car warranties before you decide to buy your next new car.

    Source:

    Basics On Car Warranties

    Warranty Costs

    Resource:

    Wrap Warranties

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