Mortgages | Car Loans | Personal Loans | Debt Consolidation | Credit Reports | Credit Cards
Taxes | Managing Money | Credit Help | Checking Accounts


Auto Loans

-Basic Warranty Information
-Importance of a Warranty
-Warranty Types
-Reading the Contract
-Buying the Right Warranty

-Interest Rates
-Car Insurance
-Dealer Info
-Car Loan Basics
-Saving $ While Driving
-Buying & Selling
-New Car Info
-Used Auto Info

Personal Loans
Debt Consolidation
Credit Reports
Credit Cards

 -Managing Money
 -Credit Help
 -Checking Accounts




Auto Warranty Eligibility
The amount of auto warranty coverage obtainable for a certain automobile, and how much the coverage will cost is the automobile's eligibility. A vehicle's eligibility will be centered on what kind of make and model it is, age and whether features like four wheel drive, number of cylinders and engine type. The history of a car is also taken into account, i.e. commercial use or salvaged titles.

There are many different kind of auto warranties. Each policy will have different requirements and will offer different coverage. The auto warrant provider should be able to provide you with an affordable policy that is specific for your needs.

Come auto warranty plans may necessitate you to purchase additional options. This is called  'optional coverage supplement'. Types of options that are classified as 'optional coverage supplement' are vehicles used for plowing snow or for towing, salvaged cars, lemon law cars, autos with lift kits installed, cars with V10/12 engines, police or emergency vehicles, or automobiles used as a taxi. Every auto warranty plan is going to be different and may include some, more or less of the above 'optional coverage supplements'.

Make sure you know your auto, inside and out, to ensure that you get the best policy, for the best price. Providing the auto warranty provider with the exact information about your vehicle will ensure accurate price and coverage. For example, if your do not let the auto warranty provider know that you have four wheel drive on your car, and the four wheel drive breaks, you will not be covered by your warranty.

Auto Warranty Length of Coverage
Auto warranty coverage is calculated in months and/or miles. The longer the policy or the more miles covered, the higher the price will be. Policies are usually sold in the following terms: 120 months / 120,000 miles, 60 months / 60,000 miles or 36 months / 36,000 miles. In fact, most auto warranties are available for  3, 6, 9, 12, 24, 30, 36, 38, 40, 48, 60, 72, 84, 96, 108, and 120 months terms. The mileage is either going to be calculated based on what your odometer reads or the amount of miles you drive beyond the reading of your odometer from the time the plan was purchased.

Auto warranty plans are constructed so that the coverage lasts till whatever comes first, the maximum miles covered or the length of the policy. For example, if you have a 5 year policy with 60,000 miles, your warranty will end either in five years, or when you have driven 60,000 miles. Knowing your driving habits will help you select a plan appropriate for your driving needs.

If you have questions about how auto warranty eligibility and length of coverage work, please contact us.



Home | Apply NowCommon Questions | Auto Loan Glossary | Interest Rates
Auto Warranties | Car Insurance | Dealer Info | Car Loan Basics | Rebates | Saving $ While Driving
Buying & Selling | New Cars | Used Autos | Contact Us | Car Loan Info

Bad Credit | No Credit | Bankruptcy
Used | New | Students | Person-to-Person| Dealerships | Refinancing

1998 Star Loan Services Inc.. All Rights Reserved. Privacy