One of the facts of life is that cheap extended warranties don’t pay! Fully insured extended warranty products definitely cost more, but are worth it in the long run, particularly if you run an expensive car, truck or SUV. The marketplace is flooded with cheap extended warranty products, but by shopping based on price alone, it is possible to make a bad mistake and take on more risk than is necessary. more…
Cars, trucks and SUV’s are probably some of the most expensive items that can be purchased, and regardless of the expense of the purchase of the vehicle, the service and replacement parts costs have also to be considered. For this reason, many new vehicle purchases choose to purchase extended warranty insurance, also known as “auto service contracts.” The extended warranty would be purchased over and above that of the basic warranty that is provided with the purchase of the car, truck or SUV and will become active on the expiration of the basic warranty. more…
Before the vehicle owner considers the purchase of an extended warranty or warranty plan, there are a number of factors that have to be considered. Not all warranty programs are the same and there are a large variety of extended warranty products available, although most of these offer similar features. One of the most important factors for the vehicle owner who is considering the purchase of an extended warranty is to understand the warranty product properly. more…
Purchasing a car is probably the second highest priced item you will buy besides a home. It is important to make sure your investment is protected, but you are ultimately the person that gets to make this decision, not the dealer or the bank. Be on the lookout for a pressured sale related to warranties. While some warranty extensions are valid, it is not OK for the dealer will tell you that you are required to purchase an extended warranty, saying it is one of the loan conditions of the bank. This is simply not true. If a salesman tells you that the loan will not go through unless you buy this item or any other item for that matter, then red flags should be popping up for you. Loan approval is based on the value of the auto, employment earnings, and credit scores only. more…
Is an extended warranty actually a warranty? A warranty is something that comes with the vehicle and it is something for which you do not have to pay anything extra. An extended warranty, truth be told, is really a service contract because you buy it separately and you can buy different kinds that range from the time of coverage to what parts are covered. It is like insurance. In case of any problems when it comes to the parts covered by the warranty, you know that there’s someone out there to pick up the tab. more…
The timing is important. You have to make sure that you get an extended warranty on your car if you want one before the original manufacturer’s warranty runs out. An extended warranty is exactly what it says – it is an extension of the warranty from the original auto-maker.
What you need to keep in mind is the fact that it is an extended warranty and you do not get it with auto insurance. You also need to look carefully at the level of the extended warranty as there are many levels of coverage. Many of the warranties just cover breakdowns – whether electrical or mechanical while the better ones will also cover the wear and tear of the car and this is especially useful in cases of overheating. more…
Did you know that you can’t get an extended warranty from warranty companies on all cars? Or even if you do, the warranty won’t cover all repairs or wear and tear? Many warranty companies don’t really want to do extended warranties on a lot of the high end cars. Now why is that so?
Well, the Jaguar for one, could mean expensive repairs if there’s any damage done to it. Or take the Mercedes – well nothing much does go wrong with it, that’s true – but if anything does go wrong with the engine, that’s a $20,000 engine we’re talking about in the Mercedes ALG. Of course, when it comes to the Land Rover, most cars come up for expensive repairs rather frequently. more…
When it comes to installing a sound system in your vehicle, the first thing on your mind is probably how good the system is and how great it’s going to sound – most important if you spend a lot of time in your car. So you look around, listen to demos, take your time and then choose. What perhaps is the last thing on your mind is whether it’s going to be covered by the extended warranty or not.
However, this is something that you could take note of. Remember that in most extended warranties for vehicles, the sound system will not be covered if it has not been professionally installed. So it might just be worth your while to ensure that once you choose the system you want, make sure it’s professionally installed. more…
An extended warranty or an extended service contract is actually an insurance policy that is used to pay for vehicle repairs. A new vehicle comes under a manufacturer’s warranty and the company will replace or carry out repairs within the stipulated time frame besides routine maintenance.
What you have to decide is whether you really need this extension on the warranty.
An extended warranty helps boost its resale value besides providing protection against the large cost of repairs. There are polices for only breakdowns and then there are those which cover wear and tear so be sure to do your research and see what you would like. more…
The Magnuson-Moss Warranty Act commonly referred to as the federal lemon law when it comes to automobiles, is a protection for citizens of every state. In fact, the rights that consumers have might just exceed the warranties that are stated in the purchase contracts.
Let’s look at what exactly this law covers. Take note that some laws could vary slightly from state to state so you need to get a fix on what the exact provisions are where you live. In case some things are not covered by this law, you should look at the other federal laws in this area to see if your complaint falls within their purview. more…
