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You'll have the option to buy a warranty from your vehicle's manufacturer or a third-party provider. You'll also be able to choose from several warranty options so you can cover the repairs that ...
An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [1]
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law (15 U.S.C. § 2301 et seq.). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
This "third party" can often be a major insurance company. This money collected by the dealer from the consumer is put in a "reserve" fund for the length and/or term of the service contract. When a repair is required, the dealer authorizes the repair with the third-party administrator, usually before the repair is done. The third-party deducts ...
The scam calls that are harder to identify come from a real, human caller who shares accurate details about your current car make and model, mileage, insurance, and current warranty.
A certified pre-owned car or CPO [citation needed] is a type of used car.It is also used in references to guns and phones. The term "certified pre-owned was conceived by corporations [citation needed] in order to find a more favorable alternative to marketing products as 'used,' which causes purchasers to impose their cognitive biases associated with 'used' items onto prospective purchases.
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