Extended Warranty Car
Auto Extended Warranty: You May Be Entitled To A Refund
Vehicle extended warranties are often a financial incentive to the new car purchase but, even more so, can be a financial incentive to the dealer making the offer. As a vehicle consumer, understanding the financial terms when purchasing an auto extended warranty, will assist in determining if the option is the right choice as part of your vehicle financing program.
Simply put, the vehicle extended warranty is an agreement between the vehicle consumer and the warranty company. Contrary to popular belief, the vehicle extended warranty is not an agreement between the vehicle consumer and the car dealership nor the vehicle manufacturer. While most car dealerships push the sale of the auto extended warranty at the time of the vehicle purchase, many consumers opt to decline the purchase of the extended warranty until later in the car ownership period. In either case, whether purchased at the time of car sale or later in the terms of your auto financing, the end result is the same, the auto extended warranty program will pick up the terms of the original manufacturer's warranty at the expiration of the original manufacturer warranty's terms. The advantage to purchasing the extended auto warranty at the time of sale lies in the significant savings in the cost of coverage. What is commonly misunderstood is the terms of the extended warranty coverage and the monies financed upon the decision to sell the vehicle on which the auto extended warranty was purchased. In other words, when purchasing the auto extended warranty on a vehicle with a standard five year manufacturers warranty, some vehicle owners believe the auto extended warranty monies paid are lost forever if the vehicle is sold before the manufacturers warranty even expires. This is not the case. As a vehicle owner, with auto extended warranty coverage, should the vehicle be sold or traded-in prior to the expiration of the manufacturers warranty, the dealership which originally made the vehicle sale, including the auto extended warranty, will be required to refund all of the monies paid for the extended warranty which will not be used due to premature sale. Unfortunately, many vehicle consumers fail to realize the extended warranty reimbursement provision and, therefore, fail to recoup the excess monies from the selling dealership. When selling the vehicle, it is the selling vehicle owner who must contact the original dealership and begin the process for obtain a refund of the auto extended warranty monies. Should the selling individual never make this call, the original dealership will never know the car was sold, that the auto extended warranty was not used, and, therefore, never issue a refund. So, when making the next new vehicle purchase, and unsure of the length of time the vehicle will be owned, consider purchasing the auto extended warranty as an added assurance in the care and protection of the vehicle. If the car is sold before the expiration of the vehicle manufacturer's warranty, be sure to recoup the extended warranty monies from the original car dealership. By Christine Cadena - Website content writer, specializing in website content related to travel, health, and legal issues. Also specializing in blog marketing and social media marketing.
Is this a bad price? Dodge Stratus 2006?
2006 Dodge Stratus 22,000 miles
60k mile extended warranty car in excellent condition in and out.
total finance charge will be 13,209 w/ tax title blah blah blah note will be 243 monthly
PLEASE give me an imput....
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bought a used car and an extended warranty...car needs repair..extended warranty service won't repair it.????
I bought a used car (as is) and an extended warranty from the dealer..less than two weeks after I bought the car, it felt like the gears weren't shifting right..took it into an authorized repair place, they did a diagnostic..transmission. They called the warranty people who claimed they would not fix it. Repair place suggested I take it back to the dealership..they looked at it..transmission..they called the warranty place and again they would not fix it. I called to check on the car, spoke to one of the repair people who told me that the car was in the shop being repaired at no cost to me and that the car would be ready in a couple of days because the repair was labor intensive, called back spoke to another repair person (at the dealership) who told me that the car was not being fixed that the warranty people would not fix it and that I should get my $1500 back and just get the car fixed from the money returned to me. If I do that then I will be without an warranty for the car
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Extended Warranties Car Repair?
Are extended warranty plans that pay for car repairs worth having and if so what are the best companies that offer affordable plans...such as stoprepairbills.com, are they any good?
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Schumer Urges Inquiry of Companies Behind Bogus Auto Warranty Calls
11 May 2009 at 12:00am Senator Charles E. Schumer has never struggled to find a reason to hold a news conference on a Sunday. But the inspiration for the one on Mother's Day arrived unexpectedly, when the senator's cellphone rang during a health care meeting on Capitol Hill last week. ''You are still eligible to reactivate warranty coverage,'' said the recorded voice on...Read more...
