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What is a transmission warranty?
Transmission warranties are becoming increasingly important for vehicle owners. Not only do they provide peace of mind but they can also save a lot of money in the long run. Understanding the different warranties and ensuring you are covered for the eventuality of an issue is essential.
What is a Transmission Warranty?
A transmission warranty is an assurance from the manufacturer that their product or service will remain in working order and that any issues with it will be remedied without cost to the owner. It covers any ‘wear and tear’ problems with the transmission system and can be far-reaching, such as when it comes to any electrical or mechanical components.
What Does a Transmission Warranty Cover?
Warranties are designed to protect the owner against costly repair bills. Generally speaking, most warranties cover any repair costs due to manufacturer defect or inherent material flaws. In most cases it will also cover parts replacement and labor costs during any repair work.
Are Different Levels of Warranty Protection Available?
Yes. It depends on the type of vehicle and the manufacturer, but in general there are four main levels of coverage:
- Basic coverage typically covers repair costs due to internal factors such as mechanical and electrical components
- Intermediate coverage is when the coverage extends beyond basic components to other conditions related to the transmission such as seals, gaskets and lubricants
- Advanced coverage includes parts and labor of the transmission system, and often includes the cost of pre-diagnosis of any problems
- Complete coverage also includes any related drivetrain components and sometimes extended coverage can be negotiated with the manufacturer
Health Benefits of Transmission Warranties
Although most people think of transmission warranties in terms of saving money, they also have a range of health benefits. Malfunctioning transmissions can have a huge impact on handling and stability, leading to a higher risk of accidents and even fatalities.
Having a valid transmission warranty is also a great way to calm any anxieties that arise when taking on a new vehicle. Knowing that the manufacturer will stand behind their product if something goes wrong provides a sense of security and reassurance.
Conclusion
Transmission warranties are an important consideration for any vehicle owner. Knowing where you are covered and the level of protection can provide peace of mind, as well as savings in the long run. Understanding the different levels of warranties available is key to choosing one which suits your needs, so make sure to do your research and make sure you are fully covered.
