Vehicles manufacturer warranty and aftermarket warranty are two different types of warranties available to protect an owner's investment. Although both warranties are for the vehicle, they have distinkful differences. Virtually every vehicle comes with a manufacturer's warranty while an aftermarket warranty is purchased by the customer.
Vehicle manufacturer's warranty or factory warranty comes with virtually every vehicle from the vehicles’ maker. The manufacturer’s warranty is included in the purchase of the vehicle. The terms vary and the length of the warranties differ depending on the vehicle and maker. A Factory warranty may include powertrain, corrosion, emission, maintenance and/or bumper to bumper. Knowing what is covered and how long will give the customer a better idea on what type of extended warranty they may want to purchase. When purchasing a used vehicle it is a good idea to research the manufacturer’s warranty to verify if there is still coverage. This will help prevent purchasing additional aftermarket warranty for double coverage on items already covered.
Aftermarket warranty or extended warranty is additional warranty purchased by the customer for the vehicle. This warranty is purchased ideally after the manufacturer's warranty has expired. The aftermarket warranty gives the customer additional piece of mind for vehicle failures that may accrue after the original manufacturer's warranty has expired. Aftermarket warranty may be purchased at the dealership or through the aftermarket company direct. Be aware of the converge the warranty offers and if there is an annual premium or deductible.
Ultimately purchasing a vehicle is a big responsibility. It is one of the biggest purchases a person may ever make. This is why researching the warranty coverage is important. You want the right coverage for your vehicle and you don’t want to pay extra for coverage you already have.
