What are Vehicle Warranties?
What is a vehicle warranty?
A warranty is a promise in writing to fix any problems that may arise in a set period of time which gives a consumer peace of mind and saves money in repairs. A warranty may cover components such as the engine, electrics, gearbox steering, suspension and much more.
All new cars come with a warranty of some kind, so if something goes wrong within the terms of the warranty period, you will note have to pay for any repairs. Even if you’re buying secondhand, many garages provide some sort of warranty on the used cars they sell. In the unlikely case it doesn’t come with a warranty you can protect you against unexpected motoring repair bills by taking out a third-party warranty.
New car warranty
Every new car comes with some type of warranty which will cover you if anything unexpected happens to damage your vehicle. Most car warranties range between one and five years, the most common being the three year period. For example, Opel models purchased gives a 3 year/100,000km warranty giving their customers peace of mind when purchasing a car.
Under a new car warranty, a consumer can ask any franchise dealer to resolve their car problem, meaning these warranties are transferable from dealer to dealer. Also, if there is still some time left on the manufacturer’s warranty when it is sold on, the warranty can be transferred to the next owner of the vehicle. The subsequent owner of the vehicle may have to register the warranty again with the dealer on behalf of the manufacturer just to affirm that the warranty will be continuing in the future.
The terms and conditions of the new warranty may vary for each vehicle so make sure you read very carefully!
Used car warranty
Used cars usually come with some sort of warranty but are not as comprehensive and are a shorter period of time in comparison to new car warranties. They can range from a three month period to a year warranty. These warranties are non-transferable. This means that if it needs to be repaired, it has been brought back to the original dealer from which you purchased it from. The most extensive warranties are manufacturer approved used car warranties from car dealerships. This is known as an ‘approved used vehicle”’. This term often describes a car in that a consumer returned to the dealer who originally sold it.
Used warranties are usually very similar from participating dealerships across the country, but warranty details may still vary from dealer to dealer. They may have their own unique guarantee for used cars and may cover different things so make sure if the car has a warranty that you always read the terms and conditions to check what this covers.
Usually, private sales don’t come with a warranty. If you are buying a used vehicle from a private seller always get the seller’s contact details if you have a problem later on. But there may be little you can do if you do discover a problem after the sale. Unfortunately, consumer protection legislation does not cover private sales so the responsibility lies with the consumer to be careful when buying from a private seller and be aware of what they are buying.
You should always get a vehicle history report from a trusted source before you buy a used car. MyVehicle.ie provides the public with the most crucial and relevant information on used cars and can reveal any problems the car has had in the past.