Extended Automobile Warranty

When it comes to an extended automobile warranty you get what you pay for. The company with the lowest warranty price quote has the highest risk of failing and leaving you with worthless paper. You would be better off with no car warranty at all than a cheap warranty almost guaranteed to go belly up. Get the information on the company from the Better Business Bureau or Web Assured before you buy from them. Don’t get taken by one of the hundreds of fly by night companies. They usually don’t adequately fund the warranty claims reserve accounts to pay for automobile warranty claims. Cheapie warranties make up stupid reasons to reject your warranty claims and exclude lots of coverage. You’re left with few covered repairs. You have to pay the shops first then beg for reimbursement from the warranty company, if you can get them on the phone.

Saturday, September 12, 2009

High performance automobile warranty

People wonder why the warranty companies refuse to offer them an extended warranty on their high performance car. A lot of them break down frequently and they cost a lot to repair. If you have a high end car that you can’t get an automobile warranty for then create your own claims reserve account, putting $5,000 into a money market account or long term CD.
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