Tips For Buying A New Or Used Car Extended Warranty, Avoiding Scams
Tips for buying a new or used car extended warranty, avoiding scams.
- All you need to know about new car extended warranties, and used car warranties and scams to avoid
- How to prevent being denied a claim for a repair with your extended warranty, common myths
- Reviews of recommended car warranty sites like CARCHEX, WarrantyDirect & NationWarranty (get online quote or call them at 866-769-1773)
- Comparisons of wear and tear warranties vs. mechanical breakdown warranties
- How to compare car warranty companies, find out if a company is good or risky
- How to bypass dealers, buy direct and save. Online extended car warranty tips
- Extra auto warranty coverage you'll need for luxury cars with DVD, Navigation, etc.
- Car dealer auto warranty scams. WARNING: A car dealer's auto warranty brochure is not a contract!
- About high mileage used car warranties and wrap warranties with long power train warranties
The warranty sold to me by the car dealer is safe, isn't it?
Guess again. Some of the warranties, also known as vehicle service contracts, sold to you by car dealers can require you to have your repair work done by the dealer. What do you do when the dealer goes out of business, and you're left holding the empty bag? Look how many dealers closed up after the recession. Brands like Pontiac, Saturn and Saab winding down, could leave you without a safety net when your dealer closes, for example.
I can't afford to pay for my extended warranty, but I don't want to be without one. Can I finance it?
Yes you can finance your warranty purchase, making it easier for you to buy it, while ensuring you'll have protection on your vehicle, so ask your warranty company about zero percent financing they might have for you. This is much better than the dealer, who often finances it into your car loan, with interest rates above 15% for many people. Why pay 15% APR when you can pay 0% APR? Now you have no excuse for going without a warranty just because you're a bit short on cash flow.
Don't buy extended auto warranties by price alone, avoid cheapie auto warranties!
Fully insured vehicle service contracts cost more than the shaky ground of unrated risk retention groups, that's a fact of life. The Walmartization of America has dangerously jaded you if you shop for auto extended warranties by price alone, when you should be shopping by coverage, track record, and ability to pay claims. Cheap pricing is fine for Walmart, but BAD for auto warranties. You get what you pay for. With high profile auto warranty failures in years past, hopefully you learned the lowest warranty price quote has the highest risk of a warranty company failing and leaving you with worthless paper. If they undersell the competition too much, something must give, and companies with lowball quotes MUST reject your claims to overcome the lower sales price. They usually under fund the warranty claims reserve accounts to pay for your car warranty claims. Don't buy the cheapest extended warranties, because they won't be around to cover your auto warranty claims, you have been warned. I'd rather see you buy no car warranty at all, than a cheap warranty almost guaranteed to go belly up. They use tomorrow's sales proceeds to pay for today's claims until they crash and burn. Many no-name car warranty sites mail you 3 x 5 card junk mail advertising low bogus teaser rates, with no contract to view first to compare. There's hundreds of fly by night companies, don't email me for my opinion I don't follow them, only companies we review here. If you can't get information on a warranty company via Web Assured or Better Business Bureau, then don't buy from them. Cheapie warranties exclude lots of coverage, they make up stupid reasons to reject your warranty claims, leaving you with few covered repairs, many don't answer their phones, or require you to pay shops first then beg for reimbursement from the warranty company. We only recommend auto warranties who pay repair shops directly.
Source: http://www.passport2riches.ws/tips-for-buying-a-new-or-used-car-extended-warranty-avoiding-scams/
Ahmet Asar is an upbeat author on many subject on emarketing, work from home business opportunity reviews, online promotion. To find out more about the dangers of signing up for famous bizopp programs checkout Passport2Riches.ws. Ahmet is Owner of BuzzingNiches.com - Niche Article Directory
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