What Is a Warranty on a Vehicle?

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By Lashunda Wilkison
eHow Contributing Writer

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Warranties are standard on any new vehicle. Compare warranties as you would compare accessories and standard features. If you plan to purchase a used vehicle research the warranty provider's quality, costs and coverage. Dealerships provide extended warranties, but the cost may be too high. It's essential to compare coverage and cost before walking into a dealership. Educating yourself on warranties will help you avoid scams and save money. Read over all warranty stipulations to ensure you don't violate any rules that could prohibit costly repair reimbursements.

New Car Warranties

New automobiles come standard with a manufacturer's guarantee that it will function properly. The warranty provider or manufacturer covers major defects for repair and replacement during the warranty period.

Time Frame

The average warranty is from 3 years or 36,000 miles. Luxury vehicles such as Lamborghini, Ashton Martin, Ferrari and Porsche have warranties that cover up to 999,000 miles.

Powertrain

Powertrain, also known as drive train, have their own warranties that cover the transmission, engine and axels, and typically last 10 years.

Corrosion Warranty

This warranty is guaranteed for 10 years or more. It covers rust and corrosion that may cause holes in the body.

Extended Warranty

This warranty can be purchased to extend a new warranty after the warranty time has expired or to accompany a new warranty. Extended warranties can be purchased to cover normal wear and tear along with major mechanical problems.