Automobile Extended Warranty

Automobile Extended Warranty

 

Tips When Seeking Your Automobile Extended Warranty

You may have heard that "research is crucial" when it comes to purchasing an extended warranty for your automobile. Sometimes auto extended warranties are portrayed in a negative light because of a few scam artists looking to capitalize off peoples' concern for their investments.

A recent Consumer Reports study recommended that people buy highly rated models only and that they invest in Money Market accounts to save for repairs, rather than invest in a warranty. However, if you tend to incur a good number of auto repair bills, if you plan on keeping your car more than three years and if you drive your car over the recommended 12, 000 miles annually, then you are a good candidate for the extended warranty program.

Dealerships know that consumers trust them, by nature. An establishment that deals with billions of dollars in sales each year couldn't possibly rip you off over a technicality like the extended warranty, could they? Well, perhaps they don't mean to rob you blind, but think of the dealership as a retail operation.

If you've ever worked in retail, whether it's clothing, furniture, consumer gadgets or automobiles, then you know that retailers mark up the cost of their items anywhere from 100% to 1, 000% of the cost value! Now imagine how much extra you could be paying for your extended automobile warranty. Don't be afraid to go directly to the source and purchase your warranty online from a trusted company like Warranty Direct.

Another factor to consider is auto warranty for "wear and tear." This type of warranty can be hard to find, since many only cover mechanical failure. However, you can definitely find extended warranty coverage that includes "wear and tear, " thereby covering parts like the idler arm, piston rings, U joints, CV joints, wheel bearings, motor mounts, suspension bushings, tie rod ends, seals, gaskets and other engine parts that gradually wear down and may or may not cause a mechanical breakdown.

If you have an anti-lock braking system, then you'll want to make sure your coverage extends to ABS and instances of overheating. The comprehensive website, carbuyingtips.com recommends Warranty Direct and Nation Warranty Corporation, which both include "wear and tear" in their plans.

The most important thing is that you don't feel rushed or hassled into securing the extended warranty for your car immediately. Most auto warranties allow you the option of buying later; yet of course, you should only delay as you research, rather than allowing enough time to elapse so your car is a liability. Like with health insurance, it's much harder to get coverage once problems arise.

As with anything, the extended auto warranty is a "buyer beware" scenario, but if you do some homework and understand your auto habits, then the couple of thousand you pay today can save you a small fortune tomorrow.


We offer a free extended warranty audio gift. Learn more about the extended warranty essentials at our portal, and drop us a note at our wholesale extended warranty coverage blog.

Article Source: ArticlesBase.com


What happens when a warranty company goes out of business? (Answers: 3) (Comments: 0)
I purchased an automobile extended warranty and the phone number no longer works. Did I lose my warranty? The original company was Platinum Warranty Company, but I received an email that Automotive Research Corporation (RoadWarranty) had taken over all Platinum contracts due to bankruptcy. I purchased the contract through the bank that financed my loan (Roadloans.com). They told me they could not help me.

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are automobile extended warranties worth the price if the car has a good reliability record? (Answers: 2) (Comments: 0)
I own an 06 Hyundai sonata which I bought used. It was sold because the owner had personal problems

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Is an automobile extended warranty worth getting? (Answers: 3) (Comments: 0)
My car is a 2001 Camaro Z28, it has 154,000 miles. this is what the offer covers at a price of $2,700 for 5 years or 150,000 miles, financed with 0% interest and no deductible. It covers me nationwide and free rental and towing. ENGINE: All internal Components of the engine that require lubrication for operation. Oil pump (on select policies), Harmonic balancer, engine block, cylinder heads, oil pan and timing chain cover are also covered only if damaged by failure of a covered internally lubricated engine Component. TRANSMISSION: All internal Components of the transmission that require lubrication for operation. Torque converter, vacuum modulator, accumulator, electronic shift control unit, transmission case, and oil pan are covered only if damaged by failure of a covered internally lubricated transmission Component. WORN COMPONENTS: On select policies, components that have failed to perform the function for which they were designed due to wear that is determined to be in excess of the manufacturers specified tolerances for wear based on normal Vehicle operation and maintenance as required by the manufacturer. DRIVE AXLE (FRONT AND REAR): All internally lubricated Components contained within the drive axle housing, plus the following: locking hubs, drive shafts, center support bearings, universal joints, constant velocity joints (except when damaged as a result of a torn or missing CV boot). Drive axle housing and differential cover are covered only if damaged by failure of a covered internally lubricated drive axle Component. COOLING SYSTEM: Engine cooling fan and motor, water pump and fan clutch. AIR CONDITIONING SYSTEM: Condenser, compressor, evaporator, expansion valve and blower motor. The following Components are also covered if required in connection with the repair of a listed Covered Component: accumulator/receiver dryer and orifice tube. FUEL SYSTEM: Fuel delivery pump, fuel injection pump and metal fuel delivery lines. ELECTRICAL: Alternator, voltage regulator, starter motor, starter solenoid, ignition switch, front and rear window wiper motor and switch, washer pump and switch, headlamp switch, turn signal switch, rear defogger switch, heater/A.C. blower speed switch, power window motor and switch, power door lock actuator and switch. 4X4 TRANSFER CASE: All internal Components of the transfer case that require lubrication for operation. SEALS & GASKETS: Seals and gaskets are replaced only as part of repair or replacement of Covered Components. Leaking gaskets or seals are not covered. On select policies, head gaskets are excluded from coverage. BENEFITS: Instant electronic claims process, claims payment made directly to repair facility, no surcharge for 4x4 or luxury vehicles, rental car benefit, towing benefit, no deductible, transferable & renewable, 30 days & 1000 miles ? benefits begin on the 31st day and 1001st mile from the product warranty purchase date, nationwide coverage available at any qualified repair facility.

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Auto Warranty Company US Direct Protect Has Officially Joined the VPA

24 Jul 2010 at 2:00am  Auto Warranty provider US Direct Protect has joined the VPA and has made it official Wednesday July 21st by mailing their auditing fee via certified mail. September 1st is the deadline for all Car Service Contract Brokers, Agents, Finance Companies, Fulfillment Companies, Administrators and Merchants to join. "The VPA is the collective will of the entire Industry interfacing together to rid the ...

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