The average price of a new vehicle has been approaching the $50,000 benchmark for several years. Though there are still plenty of new vehicles available at much lower prices, all consumers should shop with a vehicle’s new-car warranty in mind.
New-vehicle warranties vary a lot from brand to brand and sometimes even among different vehicles in a particular brand’s showroom. Shoppers should pay attention to duration, which is the length of the warranty in years or miles, whichever comes first.
In addition to duration, consumers should also pay attention to a warranty’s exceptions and exclusions. It’s especially important to keep good records to prove you’re up to date on scheduled procedures.
