Posted on 9/2/2024
The Hidden Truth About Vehicle Extended Warranties and Service Contracts As vehicles have become more complex and expensive, many consumers have invested in extended warranties or service contracts as a way of managing out-of-pocket repair costs. It sounds like a simple and easy solution, but not all extended warranties or service contracts are the same. It really comes down to the details of the warranty itself. Many car companies offer warranties to customers when they purchase new or used vehicles. New vehicle warranties are backed by the vehicle manufacturers. For instance, a 2024 Jeep Wrangler comes with a basic warranty coverage for the complete vehicle of 3 years or 36,000 miles. The emission system is covered for 2 years or 24,000 miles; 3 years unlimited miles for body corrosion; and 5 years or 60,000 miles, whichever comes first, for the powertrain (engine and transmission). All these stated warranties are backed or covered by FCA US (Mopar). GM, Ford, Toyota, and other vehi ... read more