What A Bumper To Bumper Extended Warranty Is, And Where To Get One
A bumper to bumper extended warranty is one which covers all the parts in your vehicle. When you buy a brand new vehicle, this is the type of warranty you are automatically given. It is rare to find such a warranty being offered by third party seller, or even by a dealer once the initial sale has being completed. This is why you should be giving serious thought to the possibility of buying a brand new vehicle with the longest warranty you can find. The good news is that in the current competitive climate some manufacturers have started to offer extremely long warranties with new vehicles.
In the past, it was standard to offer only a one year warranty. If you wanted your coverage to extend beyond this, you needed to buy extra cover. This was always an arrangement which suited people who bought cars and changed them every year, who those people are few and far between. The main disadvantage of operating in this way is that a new car will lose value the very minute it is driven out of the showroom, and the initial time is the greatest time of depreciation. This system also left the buyer with no insurance left when he came to sell the vehicle.
It is not uncommon to find new vehicles with a three year warranty. This will obviously make a lot more sense for a greater number of people, even though it may mean that the initial price of the vehicle is higher. Most people will not want to buy a new car every year, and the longer warranty will give them more peace of mind. Even the people who do change their car every year will find it useful to have this extra insurance cover which can be passed on to the new owner, meaning that the vehicle will sell for a higher price.
Now, we are starting to see some enterprising car manufactures go even beyond this. There can be few greater incentives to choose a certain model of vehicle than a full five year bumper to bumper extended warranty. The manufacturers who are offering these warranties as standard are obviously supremely confident in the reliability of the models. So far, it appears that this confidence is completely justified. Although you would expect these vehicles to sell for a much higher price than vehicles with a lesser warranty, this is not actually the case.
As you would predict, the sales of these models with the five year warranty are extremely strong. Due to the high volume being sold, the manufacturer can afford to take a smaller profit on each individual unit. If you are looking to buy a new car, either now or at some point in the near future, then an extended five year warranty is something you will want to consider very seriously indeed. There is really no bumper to bumper extended warranty offered by third parties, so it is not really a case of just being able to replace the missing years later. Even warranties which are extended by the dealer still exclude some of the parts. Buying a new car with a long warranty is the only genuine way to get a bumper to bumper extended warranty
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