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Moneylife » Personal Finance » Spending » Car Warranty Has Its Limitations

Car Warranty Has Its Limitations

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SD Israni | 21/11/2012 03:26 PM | 

There’s more to warranty than meets the eye. It’s complicated

 
Nowadays, the process of owning a car has been simplified and made easy by manufacturers and financiers with payment facility spread over several years. Youngsters can just walk into a car showroom and, with the facility of equated monthly instalments (EMI), pick up a car of one’s choice. Purchasing a car is the easiest part of the deal; the real challenge arises at a later stage.
 
Every new car purchased from an authorised dealer comes with a manufacturer’s warranty for a period of 12 months at least. Apart from the time limit, warranty is also restricted to the distance travelled within the specified...

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