minivan brand What new car or minivan has the best warranty?
Such as a 10-year warranty that covers almost everything, with a short and easy-to-read list of exclusions, and no fine print.
As an example, the shoulder belts of a Ford tend to lock at inappropriate times. I would want that to be covered, so they would have to replace the shoulder belts with non-Ford ones to make them work correctly, and that would be covered under the warranty. Of course it never will be covered, and for that reason I never will buy a Ford. But I want to know what brand of car actually does care about such details and actually does cover such things in its warranty.
Your best tactic would be to approach the issue holistically. Yes, Hyundai offers a 10-year warranty, but it only covers the vehicle’s power train. Other manufacturers offer standard warranties that extend beyond the basic 3 years and 36,000 miles, but you’ll find that most also tend to cover the power train for the longest period while coverage for other items like air conditioning compressors, seat belt mechanisms, and other non-power train items fall by the wayside long before.
Many “premium” or “luxury” brands offer longer base warranties and some even include basic maintenance like oil changes and brakes as part of the premium image and they set forth, but none are going to protect you against any out of pocket repair expense for 10 or even 7 years. This is where extended warranties can be so beneficial.
First, don’t be lured into buying an extended warranty offered by any company other than the vehicle’s manufacturer. Many dealers will try to sell “aftermarket” warranties because they can be less expensive to buy AND the dealer can make more money. However, in the end, it’s you who would ultimately pay the price when the unrelated company with no vested interest in your satisfaction does everything within their power to deny you future claim.
Second, most makers offer various extensions that begin with basic power train coverage and expand to cover the vehicle “bumper to bumper” for up to 7 years and 100,000 miles with a commensurate increase in cost. You can also choose varying deductibles that range from $0 to $200 per incident, and you can even choose an option that provides you with a free rental car from the moment you drop yours off for repair.
The best aspect of most manufacturer’s extended warranties is that they can also be refunded (on a pro-rated basis) at any time. And while they’re usually cheapest to buy when the vehicle’s new, most allow you to purchase them at any point during the vehicle’s original warranty coverage period. Depending upon the make, model, duration, coverage type, and deductible, these extended warranties can vary in cost from a few hundred to a couple thousand dollars.
Personally, if you want complete piece of mind, I’ve found it best to simply purchase the bumper-to-bumper extended warranty with zero deductible. You can negotiate aggressively on the vehicle warranty cost, and there are more than enough online resources to guide to to fair and reasonable prices to pay for them. You can then factor the warranty cost into the total purchase price of the vehicle as you would any other feature or option and create a true “apples to apples” comparison in which all of the “apples” happen to be exactly what you want.
Once you factor-in the supplemental coverage required to provide equivalent bumper-to-bumper coverage (at whatever deductible amount you choose), I think you will find that the Hyundai 10-year warranty may not be the overwhelming “something for nothing” value. Sure, it will absolutely cover the power train, but your concerns aren’t limited solely to the power train. Also, unless you plan to drive the vehicle for the full duration of its 10-year/100,000 mile life, a considerable portion of the Hyundai’s power train warranty may be irrelevant to you to begin with.
Make no mistake, extended warranties are generally expensive ways to go. Makers wouldn’t sell them unless they were profitable. But they can and do provide piece of mind and you’re generally able to determine how much and what kind of security you want to buy; and you’ll usually have the option of either transferring or redeeming the balance of the warranty if you happen to sell the vehicle at any point.
At the end of the day, an additional $1,800 spent to eliminate all non-consumable repair costs up to 7 years and 100,000 miles can be very cheap piece of mind that can be financed along with the price of the vehicle. While others could possibly make the valid point that I may be paying more than the absolute minimum I might otherwise during my entire period of ownership, they can’t dispute that I know exactly what my future repair costs over that ownership will be. And if I choose to sell the vehicle at any time before then, I can either redeem the warranty or know that I will have a much easier time selling a used vehicle with a FULL warranty to go with it.
So, rather than limiting yourself to vehicles made only by the few who advertise long warranty periods, you will be much better-served by considering all of the makes and models that appeal to you, obtaining the specific base warranty information and extended warranty costs and terms for each of those vehicles, and making a final decision as you would with respect to any other aspect of the vehicle, based upon all of the costs and factors in their entirety.
Best of luck. I hope this helps.
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