Originally Posted by Ringer725
Jim, can you expand on what you mean by "NOT a warranty?" I'm considering purchasing one and am a bit confused by your comment.
It's an extended service contract legally which is different than a warranty. While folks seem to use the terms interchangeably, they are really not the same thing. A warranty is something that provide coverage from the manufacturer for defects in materials and workmanship for a period of time from the original purchase. They are saying to you that the product you purchased is made well but if it proves otherwise, they will fix at no charge to you until the warranty expires. It comes with the vehicle in this context when you buy new. You don't pay extra for it as it's a feature of the vehicle offered from the factory.
The Mopar extended service contract, if purchased, takes over once the OEM warranty term expires (outside of a few benefits that can be used early, such as the rental/loaner feature), covers either specified portions of the vehicle or, with the MaxCare contract, everything except things specifically excluded
, usually with a deductible per instance as determined at original purchase (can be zero, but you pay for that dearly) and for a given number of miles or years post original in-service date. That last part can be "lifetime" but that doesn't mean "forever"...it means for the life of the vehicle as determined by it's present value and the cost to repair. When that line crosses...the "lifetime" is over. An extended service contract is a pre-paid offer to do repairs
for a fixed amount over a specified period of time for items covered by the language of the contact.
An attorney could detail the specific differences between a warranty and an extended service contract...but I'm not one. I'm just anal...
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