Insurance and Warranties
A Coggle Diagram about Service Contract Question, Types of Insurance Coverage, How Insurance Rates are Set and Warranties (
-Warranty of mercantability—a product will do what it is designed to do.
-Warranty of fitness for a particular purpose—a product will do what the seller promises it will do.
-Always in effect unless the product is sold as-is or the seller says in writing that there is no warranty.
, Dealer Warranties
-Offered and specifically written by the dealer.
-Terms and conditions can vary greatly.
-Useful to compare warranty terms on similar cars or negotiate warranty coverage.
As-is (no warranty)
-No expressed or implied warranty.
-If you buy a car and have problems with it, you must pay for any repairs yourself.
-Some provinces do not permit “as-is” sales on used cars. and
Unexpired manufacturer’s warranties
-Manufacturer’s warranty can sometimes be transferred to the new owner. There may be a fee for the transfer process.