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 26, 2009

What does your automotive warranty require?

A lot of people complain that car dealers lie to them and tell them "everything" is covered, giving a false sense of security. Some extended automobile warranties require that you have the dealer do all repairs. What if you can't get your car to the dealer? Carefully review what is covered and not covered in your contract before you buy it to see whether wear and tear claims are excluded from coverage. If you don't get a wear and tear type of warranty, you'll get screwed I guarantee it.
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