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The scope and duration of automotive warranties can vary significantly, but they generally cover areas such as: bumper-to-bumper warranty, powertrain warranty, corrosion warranty, emissions warranty and others. [2] There is also an "extended car Warranty" also known as a "service contract" which is purchased separately.
A "full warranty" is one that meets the federal minimum standards for a warranty. Such warranties must be "conspicuously designated" as full warranties. If each of the following five statements is true about a warranty's terms and conditions, it is a "full" warranty: There is no limit on the duration of implied warranties.
A warranty is a term of a contract, but not usually a condition of the contract or an innominate term, meaning that it is a term "not going to the root of the contract", [6] and therefore only entitles the innocent party to damages if it is breached, [6] i.e. if the warranty is not true or the defaulting party does not perform the contract in ...
The high cost of buying a car is one reason it can be so tough to decide whether to add the extra expense of an extended warranty. According to Motor1.com, the total cost of an extended warranty ...
For example, a warranty could cover reimbursement for a rental car or for hotel rooms you have to cancel. If you travel frequently, a warranty with trip interruption coverage could be a great deal.
With the average full coverage-car insurance policy costing a hefty $2,500 annually, ... For example, if you owe $20,000 on your car but it's only worth $16,000, gap insurance covers the $4,000 ...
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