Need to Know Info Before Buying
an Extended Auto Warranty
by Brent
Werner
Extended vehicle service
contracts are typically referred to as an extended auto warranty. They are most
typically a promise to pay
the repair facility to replace or repair a covered part and/or component that
has failed or worn beyond the manufacturer's tolerances.
There are many differences in extended service contracts (extended warranties).
Be sure that you are doing business with a reputable
company with a long history of paying claims. Call the warranty company to learn
of the services and available coverage. Price is
always important but also consider the service at the time that you need it
most, during a breakdown or repair. It is at this time that
the true value of the company is demonstrated.
Most vehicles in today's marketplace come with only a 3 or 4-year warranty from
the manufacturer. Cars would become too expensive
if manufacturers placed longer warranties on them. And the local dealerships
would lose some very important "service business".
Today's vehicles can be very complex and costly to repair. Protecting yourself
with an extended warranty from a reputable company
can help to avoid a potential budget-destroying repair. No cost, interest free
payment plans are available from some warranty providers
making the plans very affordable. Purchase from an extended warranty company
that offers no-interest payment plans.
Most people believe that extended warranties are only offered at their local
dealerships and don't realize that they can purchase better
coverage at substantial savings directly from a warranty company. Local
dealerships use extended warranties as "additional profit."
These warranties are typically restricted to being valid only at the location
where the warranty was purchased. Warranties purchased
through a local car dealership are typically financed in with the vehicle
purchase. This traps the consumer into paying finance charges
on their warranty purchase and eliminates the ability for them to cancel the
warranty for a proper refund.
Buying directly from an extended auto warranty company can provide substantial
overall savings and freedom from the traditional, high
pressure and expensive traps of automobile dealerships. Buy from a company whose
primary business is that of providing quality
extended warranties at competitive pricing. Do not purchase from companies or
dealerships that offer these products as secondary or
additional items as you will usually wind up paying too much for substandard
products.
About the Author:
Brent Werner is an auto industry analyst who has over 20 years researching
extended auto warranty companies. Brent lives in Madison, Wisconsin and enjoys
auto racing, hiking and spending time on the lake. For more on extended
warranties info visit
http://www.theautoclub.com.
Source of article:
www.goarticles.com
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