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Learn what happens to your car's warranty after a lease buyout, with tips from our automotive experts. ... If you discover that the same car only has a $10,000 market value, you won't get the best ...
For example, you may not need an extended warranty if you only plan to keep your car for one or two more years. If you want to keep your car running for as long as possible, that extended warranty ...
You have no intention of selling the vehicle: You plan to drive it for a long time and want coverage to kick in after the manufacturer's original warranty expires.
An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer. Extended warranties cost extra and for a ...
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.
Usually, off-lease vehicles are returned within 2–3 years, often before their original factory warranty expires. Off-rental: rental car companies normally replace their fleets once a year, releasing a flood of late-model cars to the secondary market. Like the big financial institutions that underwrite car leases, rental companies also rely on ...
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