When you purchased your new car, you might have been too excited about your new ride to really take the time to think about the little extras that came with your car. Take your warranty, for instance. Your dealership included an auto powertrain warranty with your new car. But do you really know what that means? Learn what a powertrain warranty covers, and what it does not.
What is a powertrain warranty? This is a warranty that covers a specific section of your car, and nothing else. The powertrain is defined as the engine, transmission and drive train of the vehicle. So, if a problem pops up in the engine, or how it transfers power to the transmission, or how the transmission moves the drive train to move the wheels, it will be covered by the warranty.
Who provides the warranty? A powertrain warranty can be provided as either part of the whole of your initial standard manufacturer’s warranty, or it can be a stand-along warranty provided as an extended warranty. In the first case, the provider will be the manufacturer. In the latter, it would be a third party provider. Some people will be under the impression that an extended warranty, purchased from the dealership when the car was bought, will be through the manufacturer. Often, this is not the case, and these “dealer” warranties are also run through third-party providers.
How long will it last? The length of your powertrain warranty will depend solely on the provider and the conditions you agree to. There are several lengths available, anywhere from 30 days to ten years. The only way to know how long your coverage will last is to read the fine print on your copy of your warranty information.
Is this enough coverage for my car? Whether this is enough coverage really depends on your comfort level with the risk of other problems, as well as your knowledge of your car. The make, model and year of your car can tell you a lot – including whether you should bump up your coverage, or whether an auto powertrain warranty will be enough to cover you. If your car is prone to other problems, you will want to look into more coverage. If not, you might be able to survive with the lower costing warranty. The decision is yours, but it is only a good one if you make an informed choice, based on everything you know about your car, and not just picking the cheapest option.