Powertrain Warranties – Are You Really Protected?
In recent years, many car manufacturers have increased the length of the powertrain warranties offered on their new vehicles. Most of us are familiar with the 10 year powertrain warranties offered by Hyundai, Kia and Mitsubishi and the 5 year powertrain warranty offered by General Motors. Most recently, select Chrysler, Dodge and Jeep vehicles now come with a “lifetime” powertrain warranty.
Consumers should be aware that these longer powertrain coverages leave them vulnerable to many expensive repairs on the vehicle. Special extended warranties called “Wraps” were created to close this gap in coverage.
The powertrain warranty will cover the engine, transmission and drive axles only. This represents about 25% of your car. While these covered parts can be very expensive to repair, you are left with no coverage for such things as air conditioning, brakes, electronics, fuel injectors, steering, front and rear suspension and many more. That’s where a Wrap warranty comes in; it fills the coverage gap between the powertrain and the thousands of uncovered parts on your vehicle.
Warranty Direct offers its bumper to bumper PowerWrap+ warranties on select vehicles and ExtremeWrap+ coverage for eligible Chrysler, Dodge and Jeep vehicles that come with the Limited Lifetime Powertrain Warranty. In addition, you pay lower rates on other coverages if your vehicle has an extended powertrain coverage from the factory.
Rate this article
(No Ratings Yet - Please Vote!)
Loading ...
Filed under: Consumer Affairs, Extended Car Warranty Coverage
I have a 1999 Chevy Silverado LS 1500 two wheel drive pickup. I & my parents purchased GM always, but no longer will I buy anouther GM product. Toyota will be my next. I believe GM, as most others, know just how long the parts & such will last. Early on I had problems with my pickup, mostly electrical, & my wife & daughters Honda & MDX, & our Toyota Van never were the pain the GMs have been without failure. I still do not believe GM is building theirs as good as Honda & Toyota. GM can go to hell as I see it because I’ll not need them anymore. They SCREWED-UP because I got what my parents got- GM, but my daughter would never buy GM & it’s their own damn fault. Rest in peace GM cause once Toyota gets back on track, they will be knocking you off the track again.