Car warranty when does it start
Bottom line: Prior to signing any sale documents, be sure to thoroughly read a car warranty's fine print, as well as any disclaimers that might accompany, such as those detailing previous use as a demo car. Send your questions, complaints, injustices and column ideas to HelpSquad pioneerlocal. Cathy Cunningham is a freelance columnist for Pioneer Press. Skip to content. Eric, Park Ridge. Need help? Latest Evanston. Wilmette Theatre reopens remodeled space with plans for movie screenings, live performances.
Most Read. Horoscopes Daily horoscope for November 12, They then hold this stock on their books as an asset they own, held on their site, which ultimately becomes the asset that you own when you sign the contract.
The impact of this means that your new car warranty could have already started when the dealer first bought the car. New car warranty starts when the vehicle has been declared as sold, not necessarily when you agree to buy it or receive delivery of the vehicle. This practice ties in with one of the long debated complications associated with new car sales, where for years the industry has been able to report sales based on this approach despite vehicles still sitting on the showroom floor.
It prompted a flood of sales based on milestone targets that dealers were trying to achieve. It meant that the date a car was registered to a motorist was largely irrelevant. However, changes earlier this year have addressed this, clamping down on the matter and resulting in stricter reporting protocols. Fortunately, however, in many instances dealers hold stock unregistered until they can find a willing buyer.
This means that the new car warranty period has yet to commence and that you are receiving coverage across the period that you might expect. In order for warranty coverage to remain intact, you must ensure that all required maintenance is performed on the vehicle.
Keep all paperwork to prove that the work was performed as scheduled and contact the dealership without delay when you encounter a mechanical problem. Hunkar Ozyasar is the former high-yield bond strategist for Deutsche Bank.
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