Auto Extended Warranty Myths, or What Your Mother
Always Wanted You To Know
Go Reviews Note: Whether you are buying a new
car in Florida or a used car in Oakland, you need to know about
extended auto warranties. Jerry helps to debunk the myths surrounding
the auto extended warranty.
Here are a few extended warranty myths.
It s not for me; I'm covered by the manufacturer.
When your Chevrolet warranty expires, things get sticky. The manufacturer
offers a warranty up until it gets too expensive to keep it in force.
You are more likely to have large loses to face.
Auto extended warranties have additional benefits
not in the original warranty like towing, trip interruption, car
rental and lost key lockout. Once the manufacturer warranty expires,
the extended warranty takes over for another few years. The best
time to buy auto warranties is early, when you buy the car. As more
repair data becomes available on your car, vehicles with higher
repair rates are raised into higher rate classes. When you buy your
extended warranty, the rate class can change but you ve already
paid for it so your costs will not increase. Buy now and lock in
It's convenient to buy my auto warranty from the
dealer. It may be convenient but it is definitely more expensive.
You will pay more at the dealer, a middleman, marking up what you
can buy elsewhere for less. You can buy direct from an online warranty
company at a savings. Car dealers resell the extended warranty to
you at %100 a markup from their cost.
Dealers try to not show you the contract before
you buy. Why do you think they do this? You have no idea what the
contract says that you are signing. All you have is their verbal
promise, or slick sheets. They tend to leave out details that burn
Plan ahead; it s easier and cheaper to buy an online
warranty than to buy one at the dealer. Remember the dealer s motto,
You can buy better, but you can t pay more .
My Car dealer told me if I don t buy it now I can
never buy an extended warranty. Car dealers love to say this to
make you feel you have to buy now. Whose warranty can you buy while
at the dealership? Theirs!
They know that once you leave you are gone forever
with the chance of selling you that extended warranty. They make
the most money on extended warranties and they want to see you paying
interest on that warranty too. Buy your extended warranty from the
originating company. Save time. Save aggravation.
The car dealer said the bank won t approve the loan
without an extended warranty. Some car dealers say that you must
buy a car warranty or you will not qualify for a loan. This is simply
illegal in every state. You ask them to put it in writing, but they
won t. They know that the spoken word can be disputed; they will
never put in writing something they know to be illegal.
Any extended car warranty can be refunded in 30
days as long as no claims against the policy have been made. Unless
he is your son and you want to do him a BIG favor, a car dealer
should be your last place to buy an auto warranty. After you get
quotes for your car from online car warranties. You can shop with
confidence because you now know the truth.
This article is by Jerry Rowan. Jerry provides information
about car buying, selling. About to buy a new or used car? About
to sell a used car? You will find information on how to make the
transaction as painless as possible Here.
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