With 10 or more years being the new norm in vehicle life span, AutoMD.com experts weigh in with some simple A-B-Cs to get the most out of your warranty
Carson, CA – March 9, 2016 – New car sales might be booming, but car owners are holding onto those new rides longer than ever before, and improved warranties that help defray increases in new car prices as well as expensive average maintenance costs, help consumers prolong ownership. In fact, a recent survey by AutoMD.com found that one in two people surveyed drive vehicles with over 100K miles – and 81% say the appropriate vehicle lifespan is 10 or more years. As the cost of owning increases (KBB.com reports that the average price of new cars is up by $4581,with the cost of factory-recommended maintenance averaging $766 (AAA),2) the need for longer term protection becomes paramount, which makes it more important than ever for consumers to understand the ins and outs of their vehicle warranties -- and why AutoMD.com’s team of experts have put together the critical A-B-Cs of warranty coverage and care.
“Warranties are very valuable, but also really confusing,” said AutoMD.com Vice President Tracey Virtue. “Just because the headline reads 100,000 miles, that doesn’t mean all parts are covered for that length of time. And on top of that, you may not be covered at all, if you fail to read the fine print. At AutoMD.com we believe the informed automotive consumer is an empowered consumer and that empowerment should extend to warranties.”
AutoMD.com's Warranty ABCs
The warranty you get can provide key benefits, provide crucial savings in the event of a failure or breakdown and give you peace of mind. Like everything, however, it’s the fine print that counts – so know your A-B-Cs and remember the golden rule when it comes to warranties: keep your maintenance current, your records complete and your knowledge comprehensive.