Comparing Warranties Offered For Automobile And Motorcycle: Basic Terms You Need To Know

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When buying a new car or motorcycle, you also have to understand the warranties that come with them. A vehicle’s warranty is essentially its insurance policy that protects owners from the burden of spending for repairs or replacement of parts due to mechanical, electrical, or other issues.

It is important you know the basics when comparing warranties offered for automobile and motorcycle.

Automobile Warranty

You must remember that all warranties are not equal so as a car owner, you must know what your vehicle is covered for.

When you have a new car, it will come with manufacturer’s warranty. A comprehensive policy will cover components such as the engine, the vehicle’s transmission, fuel system, electrical system, cooling system, steering, suspension, and other parts of the vehicle.

The new car warranty may also include roadside assistance and against corrosion on doors, side panels, and other sheet metal.

There can also be other optional coverage that you can consider.

Wear And Tear. Some warranties might not cover the normal wear and tear and if your existing coverage includes this, there’s a good chance that you will ask to pay for portion of the cost of addressing such issues.

Consequential Loss. Normally, comprehensive policies should cover for damages to an insured vehicle part because of issues with a non-insured component.

Betterment. In case a component is replaced and the new component is deemed to be of superior quality to the stock part, you will most likely be asked to pay portion of the cost.

Oil Leaks. If there are damages caused by oil leaks, certain policies are not willing to pay for such damages.

Other warranty options will depend whether you have a new car or if you bought a used car. There can be options on independent dealer warranty, extended warranty, or breakdown repair warranty.

Motorcycle Warranty

Just like automobile warranties, you must also know what protection a motorcycle warranty provides.

For motorcycles, you basically have two options:

Manufacturer’s Warranty. This is the original warranty that comes with the purchase of the bike.

A manufacturer’s warranty usually covers for a certain number of years as determined by the brand. Typically, motorcycle warranties cover unlimited mileage. It also covers for free replacement of defective parts or components of the motorcycle. The warranty also covers for repairs that may results from the usual wear and tear.

As for other warranty, a motorcycle’s warranty can be voided if an owner performs certain actions excluded in the warranty such as competing in a race, installing parts that should not be installed, any form of neglect, failure to adhere to maintenance schedules, environmental damage, and modification that results to breakdown of components or of the motorcycle.

Extended Warranty. This is the extra protection that starts when the manufacturer’s warranty ends. Extended warranties require extra payment on top of the sale of the vehicle. However, this can be included in the loan for the purchase of the vehicle or it can also be purchased from other parties.

The coverage of extended warranty for motorcycles will vary depending on the kind of bike and the manufacturer. Some may cover for repairs of parts, others will require you to pay for repairs and just reimburse later, some will have deductibles, and others will have a long list of exclusions.

Whether you’re buying a new or a used car or bike, comparing warranties offered for automobile and motorcycle is a very important step you need to take. Know how you can protect your pockets from potential expenses on repairs and other issues.

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