It is an agreement between the two of you to take good care of the vehicle. The manufacturer agrees to correct any defects in parts and workmanship. Warranty information on a new car must be presented to you at the time of purchase. The warranty and the purchase agreement are generally explained at the same time. A standard warranty protects the entire car for 12 months or 12,000 miles, with certain parts warranted for 24 months or 24,000 miles, whichever comes first.
Extended warranties vary from one manufacturer to another.
Consumer Reports magazine generally recommends against the purchase of extended warranties. When buying from a private seller, you will need to determine if the title is free and clear. If the car is not fully paid for, the seller must get permission from the legal owner to sell. The Indiana Bureau of Motor Vehicles maintains a record of liens against vehicles. Auto excise tax and licensing are handled through the Indiana State License Branches found in local communities.