It is not something that goes through your mind when you are shopping for the lowest car insurance rates around, but it is something that could end up costing you down the road. The use of aftermarket parts when repairing your car could save your insurance company a lot of money.
In comparison they cost about half of what OEM (original equipment manufacturer) parts cost. However this could cost you, according to an article posted by Edmunds.com, “using non-OEM replacement parts to repair a leased car could cost you all or part of your security deposit, because technically you would not be returning the vehicle in the same condition as when it was leased.”
If you were planning on trading or selling your vehicle, this could affect the value as well. In some cases your insurance company will only pay for non-OEM parts and if you want your car fixed with OEM parts, you will have to pay the difference. This could add up pretty quickly, doubling the cost of parts.
Obviously you want to know what you are getting when you sign up with your insurance company and if you have an accident it will be one less thing you will need to worry about. If you do decide to use aftermarket parts, make sure they are approved by Certified Automotive Parts Association (CAPA), which sets the standards that must be met in the manufacturing of non-OEM parts for collision repairs.
If you needed to have your car fixed, would you prefer they use OEM parts on it? Feel free to share any experiences you may have had with OEM or aftermarket parts.
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