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Before you purchase one, ask yourself these six questions:Do you really need an extended warranty?What's covered?How long is coverage available?Is the auto warranty transferable?What's the warranty provider's business reputation?Are there any other benefits?

The following are some tips and guidelines for composing your product warranties.Follow the rules expressed in the Magnuson-Moss Act.Clarify what the warranty does and does not cover.State the length of time that the product is covered.Give customers the option to extend.More items...?

The Magnuson-Moss Warranty Act covers only written warranties on consumer goods. What are Consumer Goods? Consumer goods are products normally used for personal, family, or household purposes, including items attached to or installed on real property.

According to the Magnuson-Moss Warranty Act, a vehicle manufacturer cannot void the warranty of your vehicle due to an aftermarket part unless they can prove that the aftermarket part was the cause of or contributed to the failure of the vehicle (15 U.S.C.2302 (C)).

6 Questions to Ask Before Creating a WarrantyWhy offer a warranty?What should be covered in a warranty?What should NOT be covered?How long should it last?What happens if you sell another company's products: can you offer your own warranty on top of theirs?More items...?

The Magnuson-Moss Warranty Act is the federal law that governs consumer product warranties. Passed by Congress in 1975, the Act requires warrantors of consumer products to provide consumers with detailed information about warranty coverage.

The Magnuson-Moss Warranty Act prohibits a warrantorthe person or company making the warrantyfrom disclaiming (denying responsibility for) or modifying (changing) implied warranties in its warranty. Implied warranties apply to all consumer products.