EXTENDED BUMPER-TO-BUMPER AUTOMOBILE WARRANTIES
A lot of financial advisors will tell you that extended bumper-to-bumper automobile warranties are not a good deal for the buyer, but they are great moneymakers for the dealer. Still, a lot of folks buy them. _________________________________________________________________ _________________________________________________________________
WHY PEOPLE BUY EXTENDED AUTOMOBILE WARRANTIES
You could have that one repair that will cost more than the price of the extended warranty, but on a new car it’s unlikely. It’s also true that, on a new car, anything that may go wrong is likely to happen early and be covered under the manufacturer’s warranty. Another point. If you don’t buy an extended warranty, you’ll have the cost of the warranty as savings to fall back on if you do get a repair not covered under the manufacturer’s warranty. If you do buy one of the extended bumper-to-bumper automobile warranties, you are definitely out the cost of it. So why do so many people buy them? A lot of folks feel that if they don’t buy one of those extended warranties, they will certainly get that one repair that does cost more than the warranty, a lot more. And it will happen just after the new car warranty expires. A lot of people view extended warranties like insurance. They buy it hoping that they never have to use it. And when something does happen, they have limited their financial risks to the amount of the warranty. That notion of limited risk buys a lot of piece of mind, especially when you're out of town and have to deal with unknown mechanics. If you're not an auto mechanic and don't have an extended warranty, you have to hope that the mechanic who is working on your car is both competent and honest. A good warranty provider will provide you with a nationwide list of mechanics who have met the provider's standards for competence and integrity. _________________________________________________________________ BE SURE YOU GET A WARRANTY THAT ACTUALLY PAYS WHEN NEEDED There is also a fair amount of concern about collecting when needed. While extended warranties offered by manufacturers often cost more than aftermarket extended warranties, the consensus seems to be that the manufacturers plans pay off with greater ease than the aftermarket plans. Some aftermarket plans have a reputation, whether rightly or wrongly, for finding any and every loophole imaginable to avoid paying out anything. These concerns and more are discussed on the links below. _________________________________________________________________
AUTOMOBILE WARRANTY REPORTS Edmund’s Extended Auto Warranty Articles
Consumer’s Union Extended Bumper-To-Bumper Automobile Warranties
THE BOTTOM LINE Investing in an extended warranty is kind of a crapshoot. But the odds tilt more in your favor IF you get the warranty for a good price and IF the company has a reputation for hassle free payment when the need arises. When you’re shopping for extended warranties, you can often save big by working directly with warranty providers online. When you deal direct, you often save 30%, 40% or more, and you have time to check out the company’s reputation. _________________________________________________________________ USED AND OUT OF WARRANTY CARS If you’re buying a used car or if your warranty has expired on your car, a fairly priced extended warranty can provide great peace of mind, especially for folks who aren't mechanics. [Note: Before you buy any used car you need to run a background check using a nationwide service like AutoCheck® Vehicle History Reports from Experían Automotive.
SmartAutowarranty.com
_________________________________________________________________ REPUTABLE WARRANTY PROVIDERS FOR NEW AND USED CARS SmartAutowarranty.com
And WarrantyDirect.com is a solid, decades old company with a D&B rating, Better Business Bureau Membership, and very competitive pricing. Most important of all, they have earned a solid reputation for hassel free payments when warranty work is needed. _________________________________________________________________ _________________________________________________________________
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