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…
