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An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [1] This warranty is most often an important aspect of purchasing vehicles since it provides buyers with protection against ...
The dealership may offer an extended warranty when you buy your leased car. This policy kicks in after the manufacturer's coverage is up, and unlike that coverage, you'll have to pay for this ...
At the lower end, an apparently automated voice—reading from a script but claiming to be your car dealer, manufacturer, or insurer—informs you that your car warranty is due to expire soon and ...
Your extended warranty could be a wrap warranty, which is used to supplement the powertrain warranty. It covers the rest of the vehicle. So, if you buy both extended car warranties together, you ...
An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer. Extended warranties cost extra and for a ...
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
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