X
Buying a car is a pleasant yet stressful experience where you have to make several crucial choices. During this time you might find yourself bombarded by terms like “Insurance” and “Warranty” for your used car. Here’s the difference between insurance and warranty for you to make an informed decision!
In layman’s terms, a Warranty is a written guarantee which is issued to the purchaser, at the time of sale, of an article by its manufacturer. This written document acts as a promise on behalf of the manufacturer to repair or replace the article if necessary within a specified period of time.
Like every other product, cars come with a basic warranty as well, during which if it’s a first-hand car, then the company offers a guarantee that their manufactured product will be found free of any kind of manufacturing defects. Thus, the buyer will not face any kind of problems arising during the specified period starting the moment the car is driven off from the showroom. In case any such problem does come up, the company takes the responsibility of replacing the part that deems necessary to ensure a properly functioning car.
On the other hand, in the case of buying a second-hand luxury car, the warranty for used cars plays the same roles and duties. Still, here it is the seller who promises to replace any necessary faulty part in a specified period of time for the proper functioning of the car. Any time your car breaks down or malfunctions on its own without any fault of your own, in the absence of any external foul play, during the specified period of time the warranty has you covered from the external cost. In addition to this, any labour charges that go into getting the car repaired or getting any part replaced are indeed covered under warranty, unless something other than this is stated.
Suppose you were wondering “does a car warranty cover accidental damages?”. In that case, it is essential to mention that the terms of the said warranty don’t cover any malfunction that occurred due to the negligence of the purchaser, or has arisen because of normal wear and tear of parts like the tyres of the car, batteries, or even the engine oils. The terms of a warranty differ from one car to another, especially when it is a second-hand car, based on its condition and its depreciation value.
Much like life insurance, car insurance works similarly. Car insurance, be it on a first-hand car or premium insurance for used cars, covers you and your car against any possible financial loss that may occur due to some unprecedented mishap. This insurance coverage includes not just the car but the driver as well, it protects you from any financial costs that could be caused by vandalism, collision, fire damages, theft, and even acts of nature like earthquakes and floods. In case you get caught in a road accident, the car insurance will not just save you from the repair costs, but will also cover any hospital bills that may come. In worst cases, it even compensates for the death of someone that was involved in the accident.
Unlike a warranty, insurance for your vehicle is provided by an insurance company which has its terms and conditions regarding the claiming process. It is advised that you understand your policies entirely before deciding on one for your car. According to the Motor Vehicles Act, it is a legal necessity to get insurance for your car.
You can easily get yourself the car of your dreams from Autobest but what do you do when issues like “warranty vs insurance” start haunting you!
When you get yourself a second-hand car, it is usually recommended that you get a warranty for your used car. Since in India it is a compulsion by law to drive only an insured car, the question between warranty and insurance gets thrown out the window anyways. The real question that sticks around is whether you should warranty your used car, and is it even necessary to get one in the first place? The answer is- yes. A used- car warranty will cover you from any malfunctions that you may encounter within that specified period of time.
Sometimes you might even get lucky with a preowned car that still has its warranty period left. This warranty could be an extended warranty unless the car is still under the OEM warranty. This certification does not just protect you from any future repair costs; it also ascertains the condition of the car.
Hence, it is recommended that you buy used cars under warranty for a pleasant future.
25th January 2020
14th September 2020
01st October 2020
20th August 2020
24th August 2020
24th August 2020
29th August 2020
29th August 2020
29th August 2020
29th August 2020
05th September 2020
05th September 2020
05th September 2020
11th September 2020
11th September 2020
25th September 2020
25th September 2020
01st October 2020
01st October 2020
01st October 2020
01st October 2020
05th October 2020
05th October 2020
11th October 2020
12th October 2020
15th October 2020
22nd November 2020
02nd November 2020
06th November 2020
05th December 2020
17th October 2020
19th October 2020
26th October 2020
29th October 2020
31st October 2020
04th November 2020
08th November 2020
10th November 2020
12th November 2020
18th November 2020
20th November 2020
24th November 2020
26th November 2020
28th November 2020
01st December 2020
03rd December 2020
07th December 2020
09th December 2020
11th December 2020
13th December 2020
17th December 2020
23rd December 2020
25th December 2020
27th December 2020
30th December 2020
23rd February 2021
10th February 2021
03rd January 2021
06th January 2021
08th January 2021
10th January 2021
12th January 2021
14th January 2021
16th January 2021
18th January 2021
20th January 2021
22nd January 2021
24th January 2021
27th January 2021
29th January 2021
31st January 2021
02nd February 2021
04th February 2021
06th February 2021
08th February 2021
12th February 2021
25th February 2021
27th February 2021
03rd March 2021
05th March 2021
07th March 2021
26th April 2021
09th March 2021
11th March 2021
30th March 2021
03rd April 2021
23rd March 2021
14th March 2021
17th March 2021
19th March 2021
21st March 2021
25th March 2021
27th March 2021
01st April 2021
05th April 2021
16th April 2021
19th April 2021
29th April 2021
02nd May 2021
05th May 2021
08th May 2021
11th May 2021
14th May 2021
18th May 2021
21st May 2021
24th May 2021
17th June 2021
30th June 2021
17th July 2021
05th September 2021
16th September 2021
14th July 2021
10th August 2021
23rd August 2021
30th May 2021
02nd June 2021
05th June 2021
08th June 2021
12th June 2021
20th June 2021
23rd June 2021
26th June 2021
03rd July 2021
06th July 2021
09th July 2021
20th July 2021
23rd July 2021
31st July 2021
04th August 2021
13th August 2021
16th August 2021
19th August 2021
26th August 2021
30th August 2021
02nd September 2021
08th September 2021
12th September 2021
19th September 2021
21st October 2021
27th October 2021
10th December 2021
25th September 2021
19th November 2021
27th November 2021
19th December 2021
25th December 2021
18th October 2021
24th October 2021
16th November 2021
22nd September 2021
30th September 2021
03rd October 2021
06th October 2021
09th October 2021
12th October 2021
15th October 2021
30th October 2021
02nd November 2021
06th November 2021
09th November 2021
13th November 2021
22nd November 2021
25th November 2021
29th November 2021
01st December 2021
04th December 2021
07th December 2021
13th December 2021
16th December 2021
22nd December 2021
24th January 2022
07th January 2022
28th December 2021
01st January 2022
05th January 2022
10th January 2022
13th January 2022
16th January 2022
20th January 2022
27th January 2022
30th January 2022
02nd February 2022
05th February 2022
08th February 2022
11th February 2022
15th February 2022
18th February 2022
21st February 2022
24th February 2022
27th February 2022
02nd March 2022
06th March 2022
09th March 2022
12th March 2022
15th March 2022
01st April 2022
04th April 2022
07th April 2022
30th May 2022
27th June 2022
22nd June 2022
10th April 2022
13th April 2022
16th April 2022
19th April 2022
22nd April 2022
26th April 2022
29th April 2022
03rd May 2022
06th May 2022
09th May 2022
12th May 2022
15th May 2022
18th May 2022
21st May 2022
24th May 2022
27th May 2022
02nd June 2022
05th June 2022
09th June 2022
11th June 2022
25th June 2022
29th June 2022
04th July 2022
05th July 2022
20th July 2022
03rd August 2022
06th July 2022
07th July 2022
09th July 2022
09th July 2022
10th July 2022
11th July 2022
12th July 2022
12th July 2022
13th July 2022
13th July 2022
14th July 2022
14th July 2022
15th July 2022
16th July 2022
16th July 2022
19th July 2022
20th July 2022
21st July 2022
22nd July 2022
23rd July 2022
26th July 2022
27th July 2022
30th July 2022
08th August 2022
09th August 2022
12th August 2022
14th August 2022
16th August 2022
19th August 2022
22nd August 2022
23rd August 2022
24th August 2022
25th August 2022
26th August 2022
27th August 2022
29th August 2022
30th August 2022
31st August 2022
03rd September 2022
06th September 2022
09th September 2022
12th September 2022
13th September 2022
15th September 2022
16th September 2022
18th September 2022
20th September 2022
21st September 2022
23rd September 2022
26th September 2022
27th September 2022
29th September 2022
07th October 2022
28th September 2022
03rd October 2022
04th October 2022
06th October 2022
08th October 2022
11th October 2022
11th October 2022
12th October 2022
15th October 2022
18th October 2022
21st October 2022
27th October 2022
29th October 2022
30th October 2022
31st October 2022
03rd November 2022
06th November 2022
07th November 2022
08th November 2022
08th November 2022
11th November 2022
12th November 2022
14th November 2022
17th November 2022
05th January 2023
10th December 2022
23rd November 2022
23rd November 2022
29th November 2022
30th November 2022
02nd December 2022
06th December 2022
06th December 2022
07th December 2022
08th December 2022
08th December 2022
09th December 2022
13th December 2022
21st December 2022
23rd December 2022
26th December 2022
29th December 2022
30th December 2022
02nd January 2023
04th January 2023
16th January 2023
01st February 2023
01st February 2023
02nd February 2023
07th February 2023
14th February 2023
16th February 2023
01st February 2023
03rd February 2023
04th February 2023
07th February 2023
09th February 2023
10th February 2023
13th February 2023
14th February 2023
15th February 2023
20th February 2023
21st February 2023
22nd February 2023
25th February 2023
01st March 2023
02nd March 2023
02nd March 2023
24th March 2023
03rd March 2023
06th March 2023
09th March 2023
13th March 2023
14th March 2023
15th March 2023
16th March 2023
17th March 2023
18th March 2023
20th March 2023
22nd March 2023
24th March 2023
25th March 2023
26th March 2023
28th March 2023
Leave Your Comment
Your email address will not be published. Required fields are marked *