Posts Tagged ‘auto warranty’
Friday, October 14th, 2011
Getting car warranty coverage on a pre-owned car can be a very intelligent decision. If your vehicle is begining to get up there in mileage, it is a very good chance that one of these days it’s going to end up costing you some money for repairs and performing regular scheduled maintenance. Every machine needs to be serviced and maintained !
Extended car warranties are getting very popular in the past few years. Many people decide to get an extended service agreement when they purchase a automobile at a car dealership. This is usually a very good time to get that warranty especially if you are taking out a loan on the pre-owned vehicle, an extra few thousand dollars for a service contract can only be a few dollars added to your car payment.
Most of the time if one mechanical breakdown goes wrong with a used vehicle people who think they are trying to conserve a few dollars by not repairing the problem are simply costing themselves a lot more cash in the long run. In this day and age you can get an extended used car warranty directly from the warranty company and save a ton of money off the dealers marked up price. If you believe you can get away with not spending money on servicing a used car on a regular basis, think again! You are most likely going to end up spending hundreds of dollars more whenever something goes wrong.
Cars and trucks are not built to last a long time. They have many different moving parts that need to be serviced regularly in order to keep the car in safe mechanical condition. If you rather pay a lump sum price and be covered for a year to three years on unexpected car repairs then getting a free auto warranty quote is a fantastic idea for you. Some extended service plan companies also allow you to finance the amount of the car warranty for just a few dollars per month. This is a great choice if your funds are limited.
A transmission problem can cost you over a few thousand dollars on your average used vehicle. To replace a tranny in a car it can cost you upwards of $3000 depending on the type of vehicle. The bottom line is that you don’t want to be stuck with a hefty auto repair bill in the near future if you can simply purchase an extended car warranty and have bumper to bumper coverage just in case it happens.
If having an extended auto warranty in case of a mechanical breakdown is something you believe is necessary to have, you can visit a website like UworkUdrive.com that works with fully insured and bonded extended car warranty companies that will warranty your car at a very reasonable price. Getting a free extended service contract price quote only takes 20 seconds of your day but it could end up saving you thousands of dollars in the long run.
So understand that when you shop around for extended service contract coverage online, it’s always good to research a few reviews on what the best extended auto warranty coverage is. Do some research and get a few free extended service agreement quotes and compare the different coverage’s in each warranty. You will be glad you did!
Before you decide to purchase an extended car warranty do some research and get a free auto warranty quote at UworkUdrive.com. They are connected to industry leading auto warranty companies that will give you a competitive price in minutes!
Tags: affordable car insurance, Auto Mechanic, auto repair, auto warranty, car insurance, car loan, car parts, cars, consumers, credit, debt, extended service contract, loan, used cars
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Monday, October 25th, 2010
It’s not at all usual for you to come around a second hand car that may be sold having an original manufacturer’s warranty. This is how certified used vehicles come into play. For many who do not know, certified pre-owned cars tend to come with a comprehensive coverage that goes beyond what the dealer characteristically will give you. Manufacturer’s certified vehicle programs have now gained much recognition and are available at numerous second-hand car dealers.
The most important advantage that comes into mind about certified pre-owned automobiles is that you are getting a second hand automobile that was meticulously examined and has been found to be so good in shape they have obtained an extended car warranty. So as to receive certified used car warranty, the auto needs to meet remarkably good standards from the manufacturer of the car. What is interesting is the fact that after getting a certified used vehicle, you have 3 days or 3000 miles to verify if your car meets your needs. If during this time period you discover that the car isn’t the right one for you, it’s possible to get back to the car dealership and choose a better one. Also, a certified second-hand automobile includes a label on the glass stating that this vehicle has passed the strict regulations to become certified used, alongside the market price evidently noticeable to stop confusion.
Along with the warranty that may be given, there are more rewards to obtaining certified pre-owned cars. Certified used vehicles give potential buyers supplementary benefits that they usually only get if they get a new automobile. They’re inclusive of having roadside support, cheaper car loan prices, loaner’s vehicles throughout maintenance, totally free servicing along with oil replacement and examinations and in addition shuttle services.
Nonetheless, the most important benefit could be the warranty that you receive. Once you acquire a certified pre-owned vehicle you get a wide-ranging, long-term warranty which is also cheap which helps you save large sums of money on the car each year. The temptation of complimentary oil changes and examinations also play a role in making this offer a far more attractive one.
But, once you look around for a certified pre-owned car, be sure to locate a local car lot which has a thorough assortment of authentic certified pre-owned vehicles. There after, choose a sales representative that knows what he or she is discussing in terms of the automobile you have chosen. Eventually, getting a certified used vehicle is probably the best decision you possibly can make!
Stop paying huge bills for minor automobile issues. An extended used car warranty is what you need. Read more informative articles at our website, plus get a free extended used car warranty quote.
Tags: auto insurance, auto warranty, automotive, business, car insurance, car warranty, cars, finance, money, save money, vehicle, warranty
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Friday, September 10th, 2010
Paying for car repair jobs may become quite expensive. The good news is that often you can have your car maintenance work expenses covered within your car warranty. This is especially valid for brand new automobiles but you can also have it for used automobiles too.
The expense of maintenance for the engine, engine block, transmission, clutch, axles and such can be extremely pricey. If your car has a drive train or power train warranty on it, these car service expenses can be significantly lowered or totally paid for by the warranty. This will save you cash in the end.
Most automotive warranty firms offer wear and tear car warranty for new cars and some small level of coverage for pre-owned vehicles. Using the wear and tear vehicle warranty, you will get items that aren’t protected on the drive train, power train or standard warranty repaired. For example, should you have power windows for your vehicle. The regular warranties will not include the car repair costs to have the worn out motor replaced. On the other hand, if you have the wear and tear car warranty, you will get the motor for the power window repaired at a discount because you simply have to cover the deductible.
It’s very frustrating to experience a flat tire at any place, let alone on a busy street. If you have curbside service then the service price for fixing the flat tire or perhaps changing the tire completely will probably be considerably lower than without having almost any curbside warranty protection.
A bumper-to-bumper automobile warranty can also save you cash on auto repair requirements. While a lot of people imagine that bumper-to-bumper implies the whole automobile is protected, this is a false impression. The majority of the auto maintenance issues are going to be covered but problems that come from damage will not be typically paid for. The drive train or power train warranty only protects a percentage of the auto parts. Adding a bumper-to-bumper automobile warranty will greatly reduce automobile repair charges for various other portions of the vehicle.
Sustaining your vehicle by the automobile warranty specifications is the easiest method to reduce substantial vehicle repair bills. If a car is adequately maintained, there is certainly much less over-all wear and tear on the vehicle which in turn ends in less vehicle repair problems. It is very important to remember to inspect the transmission liquid, engine oil filter, oil levels and air pressure within the tires. Furthermore, you need to have the oil replaced on a regular basis. This makes your automobile not just function more smoothly but will lessen the total automobile repair costs for the vehicle whether it is second-hand or completely new.
Some dispute that the expense of sustaining a automobile is pricey. After all, you have to replace the engine oil, switch the engine oil filter and things like that. Even so, using the car without the servicing can wind up ruining things such as the engine, the transmission and even the clutch system. These are very expensive fixes that most warranties of any type won’t include since the basic maintenance had not been carried through.
Stop paying huge bills for small car problems. An extended used car warranty is the solution. Read more important posts at our website, plus receive a free extended used car warranty quote.
categories: car warranty,auto warranty,warranty,car insurance,auto insurance,cars,vehicle,automotive,finance,money,save money,business
Tags: auto insurance, auto warranty, automotive, business, car insurance, car warranty, cars, finance, money, save money, vehicle, warranty
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Monday, August 30th, 2010
Many people question the real value of having an extended warranty on their car. They often underestimate the cost of vehicle repairs and think that the manufacturer’s warranty is more than adequate. Unfortunately, this is not always the case. The sad reality is that motor vehicles are incredibly complicated. With all the moving parts and environmental factors, the only guarantee is that you car will need repairs at some stage. If you unsure as to whether an extended warranty is really worth your while, here are some factors to keep in mind.
Manufacturers Know the Limitations of the Vehicle. Do You?
It doesn’t take a rocket scientist to figure out that there is a reason why manufacturers and car dealers only provide a limited guarantee. Manufacturers know the effect that general use has on the vehicle and that over time wear and tear will occur, even if you are diligent about looking after your car. Most often, expensive repairs are needed after the manufacturer’s warranty expires. For this reason, an extended warranty can be very valuable.
Can You Afford the Cost of Repairs and Maintenance if You Don’t Have a warranty?
Motor vehicles need to be serviced regularly to ensure they are in good running order. Sometimes these services can be routine and relatively inexpensive. At other times, services can involve major repairs which can get pricey. If you have a savings account with money set aside for such eventualities, perhaps you will not benefit from an extended warranty. But the reality is that if you have a savings account, the chances are that you would far rather spend the money on a vacation or purchasing something special for yourself. Spending savings on repairs can be very demoralizing.
What Sort of Mileage Do You Put on Your Car?
If you only use your vehicle occasionally, the chances are that there will be less wear and tear on your car. If it is securely parked in a garage, then it is less exposed to various environmental elements. If, on the other hand, you spend a lot of time of the road and clock up a lot of mileage, chances are that your vehicle will need a service and repairs more often. In that case, it makes sense to take out an extended warranty.
How Expensive Are Services and Replacement Parts for Your Car?
Often, the replacement parts for luxury and imported cars are very expensive. If you do not have an extended warranty and the manufacturer’s warranty lapses, you may find yourself in for a nasty surprise. Repairs could run into the thousands of dollars and if you don’t have the cash readily available, you could be without a car for some time. When purchasing a car and considering an extended warranty, this is an important factor to keep in mind.
Can You Afford to Be Without Your Car?
Consider how your life would be affected if you didn’t have a car for several weeks. Most people would find traveling by public transportation frustrating, when they are used to having their own mode of transport. Think about this; if you don’t have an extended warranty and your car breaks down, can you afford to be without it while you save up for the repairs?
Do You Need Roadside Assistance?
If your car breaks down on the side of the road, are you confident enough in your ability to be able to handle the situation? Perhaps you can change a tire but what if it is something more complicated than that? Most extended warranties will offer roadside assistance which includes towing if they can’t get your vehicle going again. This can be a very valuable benefit.
How Long Do You Plan to Keep Your Car?
Some people only purchase and drive relatively new cars. Once the car is paid off or the warranty expires, they usually trade in their car for a newer model. Even if this is the case, keep in mind that an extended warranty can increase the resale value of your car. A buyer who know there is a maintenance plan will be more willing to pay your asking price.
When Is the Best Time to Purchase Your Extended Warranty?
Most people think that they only need to purchase an extended warranty when their manufacturer’s warranty expires. This is because it is often perceived that an extended warranty is an additional insurance policy. In reality, an extended warranty is as the name implies. It is an extension on your existing warranty. Because of this you will benefit from more affordable rates if you purchase your warranty earlier rather than later. Warranties that have already expired or are about to expire will be more expensive than warranties that still have a year or two on them.
Endurance Warranty.com has been helping car owners save money and gain peace of mind for almost twenty years. You won’t find a more affordable or more comprehensive group of extended car warranty plans anywhere. Nor will you find more knowledgeable or friendly staff to help you find the warranty for you. Visit online today.
Tags: auto, auto insurance, auto warranty, extended warranty, finance, insurance, warranty
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Thursday, August 26th, 2010
Because extended auto warranties are often misunderstood, they open the doors to all kinds of unscrupulous businesses. To make sure that you do not fall victim to such scams, it helps to understand more about what extended warranties entail. In that way, you can know that the extended warranty that you purchase is a sure deal.
Familiarize Yourself with the Terms of an Extended Warranty
The first way to protect yourself against potential scams is to become more informed about extended warranties. An extended warranted is not a duplicate warranty that only comes into effect after the auto manufacturer’s warranty expires; instead, it is an extension of the original warranty. The purpose of an extended warranty is to protect you against the expense of costly repairs. Typically, the more costly repairs are needed after the manufacturer’s warranty expires. It is therefore important that the extended warranty you get is a comprehensive policy. You don’t want the surprise of submitting a claim only to have them reject it on a technicality.
Research the Different Extended Warranty Options Available
When looking into extended warranties, take the time to research the different options available. A good way is to ask friends and colleagues what companies they use. In this way, you can get objective feedback on companies that are reputable or companies that you should avoid. Another good way to research the reputability of the extended warranty company is to read online reviews. The Web is a great resource for getting objective customer feedback.
Get Online Quotes to Compare with Dealership Offers
While you are online, you can also compare the different offers made and find out who is offering the best deal. What you may find is often that online companies offer more competitive rates than dealerships. This is valuable information you can use to negotiate a better warranty if you do want to go through a dealership.
Read the Fine Print
Before signing off on any extended warranty agreements, make sure you are familiar with what is covered and what is not. Also make sure that the start date of the policy is clear so there are no gaps between when the manufacturer’s warranty expires and the extended warranty kicks in. A good policy will include roadside assistance and even minor repairs. Also make sure that the warranty company will pay directly for the repairs. Policies that ask you pay out first and then get reimbursed defeat the purpose of having the warranty in the first place. The reason you want the warranty is so that maintenance costs are covered without you having to dip into your pocket.
Make Sure you Have a Comprehensive Extended Warranty
Most extended warranties are made up of two different components. One is mechanical breakdown which is when you will find yourself stuck on the side of the road. The other is general wear and tear which inevitably happens over time. Moving parts in the vehicle need to be replaced from time to time, and this generally forms part of your regular service check. Make sure that whatever policy you choose has both of these components. Without the wear and tear coverage, you may end up not having a properly serviced car and could end up having it break down. At the same time, having a policy that provides you with roadside assistance for a mechanical breakdown is essential.
Avoid Companies that Process Claims Through Reimbursements
Many less-than-reputable companies like to make promises that they have no intention of keeping. Often, they will state that you first need to pay for the cost of repairs and then ask you to submit the claim saying that they will reimburse you. The problem with these companies is that too often they find a reason not to pay the claim and you never recoup your costs. A reputable company will pay the licensed mechanic or repair shop directly. After all, that is what you are paying a monthly premium for.
Be Careful of Email Offers
Frequently, scammers use emails to entice customers to purchase their policies. They often offer low-priced warranties and promise guarantees that they seldom fulfill. Be wary of offers that sound too good to be true; they probably are. If you purchase one of these types of extended warranties, chances are that either they’ll reject your claim or be out of business a few months down the line. Then you will be left without a warranty with expensive repairs to take care of.
Endurance Warranty.com has been helping car owners save money and gain peace of mind for almost twenty years. You won’t find a more affordable or more comprehensive group of extended auto warranty plans anywhere. Nor will you find more knowledgeable or friendly staff to help you find the warranty for you. Visit online today.
Tags: auto, auto insurance, auto warranty, extended warranty, finance, insurance, warranty
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Sunday, August 22nd, 2010
When it comes to getting an extended warranty for their vehicles, most people would often ask this question “Do I even need one?” Extended warranty policies can sometimes be expensive, although the cost would vary, depending on the coverage, as well as the length of coverage too. If ever you decide to buy one, do not let the dealer sell you the wrong policy. You have to know your stuff in order to avoid any problems when filing a claim in the future. Here are some important tips to guide you on buying an Extended warranty plan:
Should you purchase or not? The first step when purchasing a vehicle is to decide whether you need the extended warranty plan or not. Many people purchase the extended warranty without knowing enough about what they are choosing and end up losing money. This is simply because they do not understand the coverage that it offers. Another mistake that people often make is that they think the extended warranty plan must be bought from the dealer where the car was purchased. This is not the case, but, car buyers are often led to believe this because the car dealer themselves convince them this is the truth.
Determine whether the extended warranty pays for the diagnosis. Unfortunately, many times the extended warranty that people purchase does not include diagnostic testing. Which in cases, like a problem with the speedometer, is necessary. Suppose you take your car to the provider for a simple speedometer problem and the diagnostic test ends up costing you hundreds of dollars. The repair itself may only cost a few dollars. But because of the high cost of the testing, the bill ends up costing hundreds of dollars. This is one area that when purchasing an extended warranty the buyer should be sure to make sure is included.
What’s the Deductible? Extended warranties, unlike car insurance, typically work the same way. Car insurance deductibles can save you a tremendous amount of money. For example you have a plan that has a $100 deductible that costs you $2000. You would expect to pay $100 as a deductible , so you would expect to pay around $1000. You may find that that is not the case at all and you need to actually pay $2100.
Confirm whether it is a captured warranty. A captured warranty is a extended warranty plan that is sponsored by a the vehicle manufacturer and offered through specific sellers at special pricing. The flip side to the captured warranty is that it only allows you to have the vehicle serviced at the specific dealer. Should you receive poor service, then you are stuck.
The first thing to do is to find a website where you can get a free quote on an extended car warranty. You can search for some sweet prices on these vehicle extended warranties here.
Tags: auto, auto insurance, auto warranty, car, car warranty, extended car warranty, home, insurance, policy, vehicle warranty, warranty
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Sunday, August 15th, 2010
Back in the old days when there used to be a Soviet Union, some strange things would happen from time to time with defectors who escaped to the U.S. They would actually get paralyzed in grocery stores, unable to make decisions about which of several hundred cereals they would buy. For some people who never had much choice beyond buying or not buying whatever was on the shelf that day, this much choice and that many options brought them to a halt.
If you are shopping for a new or used car, and want to add an extended warranty, you should immediately wonder about a car dealer or warranty firm that seems to have just one policy rather than a selection. It could be a matter of the dealer trying to sell a preferred (and high-profit) plan, or it really could be that the third-party firm you are dealing with is not quite as experienced or full-service as it claims. The fact is, you should be able to select from among a range of different extended warranties, from different providers. It does not matter if a car dealer does not help you with this, since nothing says you have to buy the warranty when you buy the car.
Various types
All of the reputable extended warranty firms offer a wide range of plans to cover new and used vehicles of all types (including boats). The bumper-to-bumper plans are normally quite popular, and are backed by both auto manufacturers and companies that have been in business for some years. It is not necessarily true that younger firms are questionable, but longevity in an industry that has had problems with some unreliable operators is a good sign. As always, check out every aspect of the firm (and read the whole warranty policy).
The bumper-to-bumper plans are not always quite as inclusive as the names imply, so if you really want coverage of (alphabetically) the air conditioner, brakes, cooling system, drive axle, engine, fuel system, seals/gaskets, supercharger, steering, suspension, transfer case, transmission and turbocharger, you need to make sure what you want is listed. Full-service and full-coverage plans can also include reimbursement for roadside and during-repair expenses (towing, rental car, etc.).
Soup to nuts (or not)
In addition to towing and car rental coverage, you can get plans that cover changing flat tires, giving your battery a jump, delivering emergency fuel or other fluids, attempting to open your locked vehicle and other services. Although there is not much that extended warranty firms have not heard of and covered, it is also possible to negotiate specific services, especially when you are dealing directly with a third-party warranty firm and not a dealer network or car manufacturer.
Conversely, there are also simpler plans, all the way down to what you (not they) might call bare bones coverage. The most common of these is the drive train coverage plan, which covers the engine, transmission and one or two other major, named systems. The last sentence ends on a very important term (named systems), as you need to remember that nothing will be covered that is not expressly stated in the written service contract. This should go without saying, but this is something that should not be overlooked. Again, if a salesperson told you that you are covered for unicorn damage, but it is not in the written agreement, then you really do not have unicorn coverage.
Bottom line
As with any other major purchase, you need to do some research, ask some questions, get advice from experts if you need it and take care with your decision. You have to make a rough calculation of cost benefits, and there are some handy calculators online that help you develop cost figures for car maintenance and repairs. If you want to retain your car past the manufacturer warranty period, and have good information on the repair record of the particular make and model, you should be able to arrive at a good approximation of the value of the coverage.
Finally, do not succumb to pressure tactics by salespeople. There is no law that says you have to buy the warranty when you buy the car, or says you have to buy it from a dealer or any other certain place. You are in the driver’s seat, so make sure you stay in control of the purchase of both the car and any additional warranty coverage you decide you need.
Whether you have a car, truck, SUV, or van we can find the best possible extended car warranty for your money. Do not let your limited warranty expire without shopping for continued coverage first. Visit 5starwarranty.com online today for more information.
Tags: auto, auto insurance, auto warranty, business, extended auto warranty, finance, insurance, warranty
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Friday, August 13th, 2010
The consumer protection movement really took off in the 1960s and 1970s, when state governments (and the federal, too) began creating agencies charged with fighting scammers and ripoff artists operating in the marketplace. The public took to this new attitude wholeheartedly, and local and network news programs began hiring consumer advocates who would take on scofflaw firms on behalf of individuals and the public at large. The result is a very high awareness in American society of the rights of consumers and the proper operation of businesses.
The Internet has not changed, but amplified the situation. Today there is such an avalanche of information that it can be difficult to know what is true and what is not. This has made the job of consumer advocates even more involved, in government and media as well as in private firms doing “consumer reports” in print and on the Web. It is particularly important for consumers to take time and exercise caution with the purchases that loom largest in our lives, namely, houses (the most expensive thing most people will ever buy) and vehicles (the second-most costly for most folks).
How to tell good from bad
There are some general rules of both business and human behavior that come into play in all kinds of interactions, particularly economic ones. The basic common sense that you would use to determine truth or falsehood also apply when you are researching the companies behind the car warranties that you are being offered as you shop for your new ride. The first thing to remember, of course, is not to hurry. You do not just go out and buy the first car you like and add the first warranty you are offered. In fact, you have to leave enough time to research the dealers, the cars and the warranties that you may decide to buy.
When looking for a good car dealer, you start, of course, with referrals, and then branch out to newspaper ads, the Web and window-shopping. As you start making a list of possible purchases, note also the names of the dealers and start checking them out with the Better Business Bureau (BBB) and online complaint sites. Then you need to check out each specific car you like, with Carfax or another reporting service. Finally, after you have sat down with a salesperson, you should request copies of any extended warranties that are on offer (and if you cannot get one, take your business elsewhere).
Then do it all again
When you have a complete list (dealers, specific cars, warranty provider names) you can return to your first step, research, and plug in what you’ve learned. When it comes to the dealer and the car, you use your own good sense as well as that of a mechanic friend or hireling. When it comes down to rating the extended warranty firms, that will take a bit more digging, but it is worth it. Remember, too, that it is absolutely in the interests of reputable warranty companies for you to do this. The car warranty industry, like any other, has had its share of miscreants, and is quite serious about driving the fly-by-night firms out of town (better yet, out of business).
What do you look for? For one thing, transparency. Just as you should beware of dealers who will not show you a Carfax report or give you a copy of an extended warranty, you should avoid warranty firms that will not answer questions on the phone or send you more information. In addition, you will check the company names with the BBB, consumer reporting sites, government oversight agencies and, of course, the handy-dandy Internet. All you have to do is enter the name of the company followed by the word complaints, and you should get all kinds of information, especially on the questionable firms that get the vast majority of consumer complaints.
Bottom line
Again, it really is in the best interests of reputable extended warranty firms for you to take the time to check them out. Do not let the salesperson at any dealership, new or used, tell you that you can only buy one particular warranty package. The fact is, you can buy your extended warranty from any company that you like. This will be a result of the research you do, as well as your own good sense and the solid advice of more experienced auto and insurance people. In fact, your insurance agent can also be a good resource for you, so run the facts and figures by your agent if they have experience in the area.
Bottom line? Do not just use your head. Use the heads and experience of all kinds of folks who know more about it than you do. Although it takes a little time, you will be glad you did when you save 30-40% over the dealer’s offer with a solid, dependable third-party warranty firm.
Whether you have a car, truck, SUV, or van we can find the best possible extended auto warranty for your money. Do not let your limited warranty expire without shopping for continued coverage first. Visit 5starwarranty.com online today for more information.
Tags: auto, auto insurance, auto warranty, business, extended auto warranty, finance, insurance, warranty
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Thursday, July 15th, 2010
There is an incredible variety of extended auto warranties out there, and a lot of sales spiels that can skirt the truth a bit. The main thing to remember about extended vehicle warranties is that they are like any other product, in that there are the good, the bad and the ugly. If you want to get a handle on the ins and outs of car warranties, it is helpful to take a look at some of the major myths and misunderstandings surrounding them.
When you know enough to be able to separate the good ones from the bad and ugly variety, you can be more confident shopping for your extended coverage. You will know enough to make a good decision. That is why you should start with this article, find and read a few more, go over the main points of all of them and then go see what type of deal you can make. Let us take a look, then, at these myths and misunderstandings.
- You have to buy your extended warranty from the dealer who sold you the car.
You have many choices, and dealers are but one source for an extended warranty. Remember that dealerships are under sales and commission pressures that may cloud the sales personnel’s judgment or lead them to be something less than completely truthful. No matter what sources you consider, decide what reliable and affordable coverage is in your unique situation, and shop for those features and benefits at the fairest price.
- Every extended auto warranty is like any other, so just buy the cheapest one.
This is so far from reality it is not even wrong! There are a limitless number of kinds and types of auto coverage packages, and some will always be better than others. The only way to be sure about what you are getting is the review the actual contract, as well as the company offering it. If the salesperson will not show you the written warranty, that is about the biggest red flag you could see. Go elsewhere.
- Whatever the salesperson says, that’s what is in the warranty. They cannot lie about it.
Salespersons can always choose to be deceitful, and there is no way you should rely on what you are told. Read the contract. If a salesperson is cagey about letting you read the warranty, it may be because there are other red flags in it. There are certain phrases and terms you should watch out for:
- At the sole discretion of the Administrator
- Used or recycled parts
- Autos have to be maintained according to the manufacturer’s severe-environment requirements (which doubles your maintenance tabs)
- A gradual decrease in operational performance is not covered
- You do not need an extended warranty until the manufacturer warranty ends.
You are not buying double coverage. You are extending coverage. The fact is, the newer your auto, the lower your rates, so you are essentially choosing to lock in costs now while they are lower and defending against future increases. With the imputed savings you can even enjoy additional features now, like some form of roadside assistance or travel insurance, until your extended plan takes effect.
- You have to buy the extended warranty at purchase time to get any special dealer financing.
The one has absolutely nothing to do with the other. Your ability to qualify for dealer financing and other sales terms is dependent on the price of the auto, your down payment or trade-in, your credit score and other factors. Adding more to the bottom line is hardly the way to increase your chances of impressing the finance manager if you do not have all your other ducks in a row. Your car buying decision, your financing choices and your extended warranty coverage are all separate issues, although they have something in common (you).
- Mechanical breakdown warranties offer the same coverage as the wear and tear kind.
Covering wear and tear is the sign of a good warranty, as wear and tear plans provide a greater level of protection. Some extended warranties will define mechanical breakdowns as being due to defective parts or workmanship, whereas wear and tear means you are covered for failures due to normal aging and usage. The older the vehicle, the more crucial these terms become in your decision.
- An extended auto warranty means never having to worry about your auto.
Do not mistake an extended warranty for magic! You still have to maintain your car, provide proper routine care and drive in a manner that will keep your vehicle in good shape. If you take care of your car as the owner’s manual suggests, you should be in good shape for the life of the auto.
There are some ins and outs of car warranties, certainly, but nothing that a little reading, research and shopping around won’t clear up for you. Remember, you are buying what is essentially insurance, so make sure you understand exactly what is in the policy, what is covered, what is not and how it all works when you need to make a claim. Do these things and you should have smooth sailing!
Endurance Warranty.com has been helping car owners save money and gain peace of mind for almost twenty years. You won’t find a more affordable or more comprehensive group of extended car warranty plans anywhere. Nor will you find more knowledgeable or friendly staff to help you find the warranty for you. Visit online today.
Tags: auto, auto insurance, auto warranty, finance, insurance, warranty
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Wednesday, July 14th, 2010
After a house, the biggest purchase you typically will make in your life will be your cars or trucks. This purchase decision has many facets to it, too. You have to choose make and model, of course, but that is only the beginning. Color, year and options like fancy rims, sun- and moon-roofs, navigation system and so forth all come into consideration when you are choosing the vehicle you want. Then there is that famous last question from the salesperson or finance manager as you take pen in hand to sign on the dotted line – something like, Do you want an extended auto warranty?
Yes? No? Maybe? Do you really know? The time to figure this out is not when you are in the dealership with pen in hand, but ahead of time when you can give it thoughtful consideration, so take a moment now and find out how to make that decision.
Typical warranties
Auto manufacturers offer extended warranties themselves, although not every car maker underwrites and manages its own policies. If you are buying a new car in most dealerships, the seller will be ready, willing and able to extend the normal warranty for an additional period of time (and/or number of miles). The price will range from a few hundred to several thousand dollars, from entry-level packages that cover the standard power train of engine and transmission to premium plans that add the air conditioning, suspension, audio components and nearly everything else.
You can also buy a third-party policy, one that is not affiliated with the maker or seller of the car, at both the time of purchase and any time after that. These are generally the same as manufacturer plans, except you may find more flexibility in assembling a customized package that truly meets your needs and fits your budget. If you travel on business at times and cannot do without rental car reimbursement and towing if you have a breakdown, you can make sure to get that particular coverage when choosing your plan.
Similarities among plans
Whether you buy an extended warranty at the time of purchase or later, and from a carmaker’s dealership or a separate third-party firm, there are certain things you will always find. One is a deductible. In addition to buying the extended coverage, you will typically have a deductible to pay, although there are some new cars that come with no-deductible extended warranties. The point is, you will pay for the coverage one way or another, either as part of the car’s (higher) price or as an add-on.
Of course, you can choose plans with lower or higher deductibles, which affect the plan price as they do with accident coverage policies. You can pay top dollar for the plan and have no deductible at all, pay a bit more for a $50 deductible, or pay less and get a $100 deductible (about average) or even higher. You are also able to buy extended warranties on both new and used cars, trucks and vans, although the age of the vehicle may be restricted to a certain number of years and/or miles. Some warranty firms may exclude particularly rare or exotic autos.
Now, about that need
You have a basic understanding of the warranty, but the question remains – how do you know you need that extended warranty? The research you did on the car you bought (you did do research, right?) should have given you an idea of how it fares on repairs, weathers your Minnesota winters or Arizona summers, survives impacts and stands up to your own unique kind of use. This must factor in heavily, of course. However, do you need an extended warranty on your car if it has a 10-year/100,000-mile plan from a maker like Hyundai? Isn’t that coverage enough?
Actually, the Hyundai plan, like the new GM warranties (5-year/100,000-mile), only covers the major powertrain parts. That leaves a lot uncovered, and does not begin to take care of towing, rental cars, travel reimbursement and many other things that even the basic third-party extended warranties offer. In addition, manufacturer packages typically control the process in the important ways, namely, telling you what repair shop you will use (the dealership about 90% of the time), the parts you will get, the timetable for the work and so forth. Get in an accident when covered by one of these plans and you are out of the driver’s seat in more ways than one. It is the third-party specialty firms that are in the business of putting you back behind the wheel and in control of your car.
Your own personal formula
You need to look at the whole picture. If you have a manufacturer warranty now, or are buying a car that will have one, then you need to know what it covers so you can plan more precisely what you need to add in the way of additional (extended) coverage. If you are buying new, you might consider the prepaid scheduled maintenance plans now being offered by many carmakers.
So, do you need an extended warranty on your car? Many, many people do, and they cannot buy one if they wait until they need it. Neither can you. You should be rigorously honest with yourself about your own vehicular history, driving style and proneness to accidents or mishaps. You also need to understand what you are paying for and why.
Taken together, all these factors will result in your own personal formula for making this decision. Never answer a car salesperson with an automatic “yes” to this question. Rather, learn enough to say, “This is what I need…” – and then set about making your best deal for your true needs, as long as you get the right answers to your good questions.
Whether you have a car, truck, SUV, or van we can find the best possible extended car warranty for your money. Do not let your limited warranty expire without shopping for continued coverage first. Visit 5starwarranty.com online today for more information.
Tags: auto, auto insurance, auto warranty, business, finance, insurance, warranty
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