Used Auto Warranty Warning: Beware Dealer-Issued Extended Auto Warranty Coverage

Used Auto Warranty Warning: Beware Dealer-Issued Extended Auto Warranty Coverage

Buying a used car? You need an extended auto warranty to protect you from expensive surprises down the road. But be careful when your dealer tries to sell you used auto extended warranty coverage. Usually, the dealer is simply reselling used auto warranties issued by a used auto warranty company, with a markup of up to $1000. You could just as easily have bought the extended warranty directly from the auto warranty company.

But overpaying for a third-party used car extended auto warranty is certainly not the worst used auto warranty deal you can get. The worst auto extended warranty deal is to buy one that isn’t issued by a third party at all.

Dealer-Issued Extended Auto Warranties Explained

Yes, some dealers actually sell extended auto warranties they’ve created themselves. These dealer-issued auto warranties typically only allow you to get service at the dealership. They either don’t cover repairs done anywhere else at all, or they only cover emergency repairs for breakdowns.

Often, a dealer-issued used auto extended warranty even restricts you to getting maintenance at the dealership only. With a captive clientele, the dealerships often charge much more than local mechanics.

There are some other big problems with a dealer-issued used auto extended warranty:

• What happens if you move far away? Answer: you’d have to buy another auto warranty.
• What if you’re driving somewhere far away when your car breaks down? Answer: if the used auto warranty doesn’t cover reimbursements for emergency service, you’re in trouble. Even if it does cover reimbursements, you’d better hope your credit card or checking account can handle the damage in the meantime.
• What if the dealership goes bankrupt? Answer: get in line behind the banks, the car manufacturer, the dealership’s vendors, and everyone else trying to get money out of the business.
• What if you just aren’t satisfied with the dealer’s work? Answer: complain very, very nicely. You can’t take your business elsewhere unless you’re willing to pay for it.

If you comparison shopped the dealer-issued extended auto warranty, you’d realize it wasn’t worth it. But most people never do a used auto extended warranties comparison. There is simply so much ignorance about auto warranties. Your best hope is to learn more.

Dealer-Issued Used Auto Warranties: Why Does Anyone Buy Them?

• Most often, the buyer simply never thought about an extended auto warranty before going to the dealership. When the salesperson explains how important extended auto warranty coverage is, the buyer just thanks him for the tip and buys it.
• The buyer doesn’t realize how expensive the warranty is. Of course, car repairs can potentially be so expensive that even an overpriced dealer-issued warranty can pay for itself several times over. Meanwhile, next to a $15,000 car, even an overpriced $2500 dealer-issued warranty seems cheap. But if you’re going to buy a warranty, why not buy a really good one?
• Many buyers mistake dealer-issued warranties for manufacturers’ warranties. In some cases, the salesperson may even try to let you think the warranty will cover repairs at any of the dealerships affiliated with that manufacturer (say, any Chrysler or Mitsubishi dealership). Of course, such warranties do exist, but they’re more common for new cars than used cars.

In short, if a used car dealer ever tries to sell you an extended auto warranty, make sure to ask flat out: will this warranty cover repairs done anywhere, or just this dealership? Double-check the warranty itself to make sure it has a third-party company’s name on it, not the dealership’s.

Better yet, why not just buy the extended warranty directly from the warranty company rather than pay the dealer hundreds of dollars of markup on it? That way, you can also research the warranty thoroughly, without pressure.

In fact, you should start investigating extended auto warranties even before you go to the dealership. You’ll certainly like the salesperson’s face when you tell him you know what the original warranty company charges for the warranty they’re trying to sell you. You’ll also know in advance how much total the car purchase really will cost you.

Don’t wait. Start looking at extended auto warranties now, before the dealerships’ salespeople ever have a chance to breathe down your neck.

<p>Joel Walsh, a freelance automotive writer recommends Auto Service Warranty, Inc. where you can get an <a href="http://www.autoservicewarranty.com/">auto extended warranty</a> quote online in seconds: http://www.AutoServiceWarranty.com/<p>

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Vehicle Extended Warranty - Protect Your Purchase
A couple weeks ago, on a Sunday morning, I was running late. My morning coffee didn?t wake me up like it should have, and I was dragging. As a result, I was going to be late for church, and as a teacher, that wasn?t going to be good!

I finally got my stuff together and ran outside to my car. It was raining. As I put the key in the ignition, I knew something wasn?t right. I turned the key?nothing. The car wouldn?t start. I hoped the problem was only with the battery, so I rolled the car onto the street, pulled my wife?s car out, and jumped the battery. It worked!

After church was over, I took my car to a garage, where I found out the problem was the battery, and I replaced it.

But what if the problem wasn?t the battery? What if it was some kind of engine failure? The car was only five years old, but there could be an engine problem at any time. Before I found out definitively what the problem was, the only thing that ran through my mind was dollar signs?what would this cost me if it was an engine problem?

It turns out I didn?t have to worried at all. When I bought the car, I could have bought a vehicle extended warranty that would have covered engine repairs (and some other things), but I was too cheap to do it. I decided to gamble on the car working properly until I wanted to get rid of it, and I got lucky that something major didn?t happen to it.

What about you? Have you considered getting a vehicle extended warranty? For the small monthly cost, it would certainly give you peace-of mind. Knowing that your car was covered for repairs even that much longer will help you feel better when your car overheats in the fourth year of your vehicle extended warranty?especially if your original warranty expired after three years.

Many insurance companies and dealers will offer a vehicle extended warranty. You should look into it, and get several free quotes to compare. Then, you can make the best decision you can to get a vehicle extended warranty.

R. Palkra has spent over 40 years in the automotive industry. Now retired, his mission is to spread his <a href="http://www.extendedwarrantyreviews.com/blog/">vehicle extended warranty</a> knowledge.

Should I Buy An Extended Vehicle Warranty?
Whether you are purchasing a new or used car, breakdowns can occur. It?s always a worry that you could have major problems such as engine trouble or a transmission that stops shifting, and you suddenly are digging deep into your pockets for the cash to repair it. So the question that arises often is ?Should I Buy An Extended Vehicle Warranty??

There are always pros and cons. An extended vehicle warranty adds to your total cost, but over the long run it can also be very beneficial especially if a big breakdown occurs.

A vehicle extended warranty is a contract between a vehicle warranty company and you. It isn?t an insurance policy even though most people think of it as one. It is actually the most profitable service a car dealer sells, but it can also be very beneficial to the consumer.

When you buy a new car you get the manufacturers warranty. Then, for a specific fee, you can extend that warranty. If you tend to keep your vehicles longer than the period of the original warranty purchasing the extended warranty can make good sense. If however you tend to trade your vehicles in every few years, the purchase of the extended warranty would probably not be beneficial.

When it comes to used vehicles, some dealers will offer a 30 day warranty and then offer to sell you an extended warranty. There are many companies that are now offering extended warranty coverage on used vehicles.

Purchasing an extended warranty is a great way to give you peace of mind. You can protect your investment and your pocket book from unexpected costs.

Extended warranties usually offer the same benefits as your new car warranty. This means that no matter where you travel within North America your warranty will cover you. Some extended warranties cover just the powertrain, while others cover bumper to bumper. Be sure to check with your dealer or read your policy.

As an added bonus, almost all extended warranties offer 24 hour roadside assistance. Roadside assistance includes gas drops, flat tire changes, locksmith, and towing benefits. You may also get benefits such as vehicle replacement in the event of a breakdown along with accommodation expenses.

Filing claims is a simple process. Many dealers simply require you to provide proof of coverage. Normally you are issued a coverage card. If you are dealing with your local dealership, chances are you are in their computer system. On used vehicles you usually are required to pay the costs and then submit the bill for reimbursement. Different plans have different deductibles.

Don?t buy your extended warranty coverage by price alone. More doesn?t mean better; but then again cheap can mean that many repairs are exempt so read the fine print and read the entire policy carefully before signing on the dotted line.

With so many companies offering extended warranty coverage online and through dealers, it?s important you are sure that the company is reputable. If your extended warranty comes from Ford or GM it?s pretty straightforward; but otherwise you?ll want to make sure you are dealing with a well funded company.

Whether you should buy extended vehicle warranty coverage is really a personal choice, but good coverage can be beneficial. If there?s one thing for certain, vehicles will break down. It?s just a matter of when.

Gray Rollins is a writer for automotive websites. Visit us for more <a href="http://www.mcgeeautosales.com/extendedvehicleswarranties/">extended vehicle warranty tips</a> and be sure to check out our site about <a href="http://www.pellauto.com/luxuryvehicleauctions/">luxury vehicle auctions</a>.

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