A new car factory warranty is often not the first element considered when purchasing a new car, but it is one of the most important when considering overall value. The bumper-to-bumper manufacturer’s warranty, also known as the Basic Factory Warranty, covers at least 3 years for all major car brands with a few exceptions.
Here are the best new car, bumper-to-bumper, factory-backed warranties for 2011:
5 years / 60,000 miles – Hyundai, Kia, Mitsubishi, Volvo
5 years / 50,000 miles – Jaguar
4 years / 60,000 miles – Infiniti
4 years / 50,000 miles – Acura, Audi, BMW, Buick, Cadillac, Lexus, Lincoln, Mercedes, Mini, Porsche, Saab
Many auto makers extend the engine, transmission, and driveline components past the comprehensive warranty, but these coverages have not been listed because the majority of repairs will not be covered under a powertrain warranty. Powertrain warranties add considerable value only if they extend to 100,000 miles or more. For this reason, the best factory warranty for 2011 is provided by Hyundai, Kia, and Mitsubishi. Their 5 year bumper-to-bumper warranty is complemented by a 10 year / 100,000 mile powertrain warranty.
Considering Overall Value / New Car Shopping
It costs about $750 per year to purchase a bumper-to-bumper warranty with coverage similar to a new car factory warranty. Considering this, if a consumer is undecided between a Chevy and a Hyundai of similar price, then the Hyundai is a better value by $1,500 because of the length of the warranty is 2 years longer.
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