Before You Buy A Car Warranty
Extended warranties
are big, big business for businesses.
Everywhere you go shopping
these days, as you finish up the transaction, you are asked if you
would like to purchase an extended warranty.
And as you well know
when it comes to warranty peddling, car dealerships and their
extended car warranty programs are at the top of the list.
The reason that
extended warranties and car warranties are so prevalent in the
marketplace is simply because we buy them. Buying an extended
warranty in and of itself isn’t necessarily a bad thing, but buying
one without understanding what it is you’re buying is.
Many people
sign their name to a car extended warranty contract that is pages
long based upon a couple minute sales spiel given to them in the
finance manager’s office.
Not advised.
For some reason when people
hear extended warranty they then think they will have this
protective suit of armor wrapped around them protecting them from
any manufacturing defect.
Failing to read and understand any vehicle
extended warranty contract is a recipe for frustration and anger.
Yet some people even have the misconception that an extended car
warranty will cover just about anything that they perceive is wrong
with the car either now or later.
Many people aren't of
the understanding that they can purchase an extended warranty and
extended coverages for their car outside the dealership. And quite
frankly, can save some good money in doing so.
An excellent resource
for doing this is Warranty Direct. With a
Warranty Direct
extended auto warranty
you'll receive the same coverage sold by over 2,200 car dealers,
banks and credit unions at a major discount. Warranty Direct is the
consumer division of the 5th largest independent automobile warranty
provider in the US. They are a 25 year old company with the
experience of nearly 2 million contracts sold. Get a free instant
quote from
Warranty Direct
and find out for yourself why they are the industry leader.
If you would like more
extended car warranty information and explanations here is a handy
FAQ page for you to
answer many of your questions on extended warranties.
Car dealers or car
sales people that imply or indicate to you that (for whatever reason
they come up with) you must purchase an extended car warranty in
order to qualify for financing are just flat lying.
If run across
this ‘sales’ tactic your best bet is to go somewhere else.
Obviously, you are not being dealt with in an honest manner. Also
extended car warranties are 100% refundable within 30 days of
purchasing if no claims have been filed against the warranty. Do not
allow yourself to be told otherwise.
The reality of buying
extended car warranties today is that you should not buy them from a
dealership. You’ll overpay for your coverage. Like everything else
at the dealership, they are not providing a product or service for
you; they are selling you a product at a very nice profit. Extended
vehicle warranties sold at the dealership are a source of tidy
profit for them. And just like the car buying and negotiating
process, you can negotiate some of the profit out of their extended
warranty product they are offering you.
Extended warranties on
cars are just like anything else we have discussed when it comes to
getting the best deal on buying your next car, do your homework,
shop around, and get several quotes. There are reputable online
companies that offer excellent extended vehicle warranty coverage.
Used car extended
warranties are also available online. But remember, before you even
get that far into a used car deal, a vehicle history report
is an absolute requirement for you as well.
In summary, when it
comes to extended car warranties, do your homework, shop around and
get some quotes. Take the time to read and understand
the precise coverage of the extended warranty. And, if it is a used
car, get a vehicle history report and have a trusted mechanic get
the car on the rack and give it a thorough inspection.
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