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
-Coverage and Eligibility
-Reading the Contract
-Buying the Right Warranty


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


Mortgages
Personal Loans
Debt Consolidation
Credit Reports
Credit Cards

Home
 -Taxes
 -Managing Money
 -Credit Help
 -Checking Accounts


 


  


DIFFERENT TYPES OF AUTO WARRANTIES
There are several different kinds of warranties, all of which offer different types of coverage. New car owners are eligible for bumper-to-bumper coverage, which covers everything mechanical in your vehicle. While used car owners can purchase stated component coverage or power train coverage.

Bumper-To-Bumper Warranty Coverage
These types of warranties are for new cars, and are known as new car warranties. This  is the most complete coverage you can buy and is only available for vehicles with less than 50,000 miles. The coverage is so extensive that the policy will only list items that are not protected, otherwise known as 'exclusionary items'. Bumper-to-bumper warranties typically will also offer extras like roadside assistance, rental reimbursement, free towing, etc..

Stated Component Coverage
Commonly known as inclusionary coverage. This type of policy will cover the major parts of your vehicle and is available for new and used cars with moderate mileage between 50 - 100k.

These policies will list all items covered or included in the warranty; for this reason it is called an “inclusionary” policy. Some stated component coverage policies will offer the same 'extra' coverage as bumper-to-bumper auto warranty plans.

Power Train Coverage
This is the simplest form of auto warranty coverage, only offering coverage for the car's  power train. This includes the transmission, engine, drive shift and drive axles. There are enhanced power train auto warranty policies that will offer coverage for additional components and parts.

A power train policy is the least expensive out of all of the different types of auto warranty plans and are for vehicles with high mileage. They will protect you from paying for the most expensive types of car repairs, engine issues.


 

 

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