| "I think you have to automatically assume a | | | | the wear items, like brakes and tires, while |
| 100 percent markup," Phil Reed, consumer | | | | other times you'll get a "power train" |
| advice editor at "Edmunds", said about car | | | | warranty, which covers the engine and |
| dealerships offering warranty plans. The | | | | transmission. While it's rare to find a |
| misconception about shopping around for an | | | | company that offers coverage for everything, |
| extended warranty quote online is that all | | | | you should ensure that some of the most |
| the companies operate solely on the internet, | | | | expensive repairs will be taken care of. |
| with no formal establishment. | | | | |
| | | | Secondly, you should find out if there are |
| However, car dealerships spend a good deal of | | | | certain stipulations that would make you |
| time "shopping around" online as well. One of | | | | ineligible for utilizing purchased warranty |
| the most lucrative aspects of the car sales | | | | plans. In some cases, consumers have had |
| industry is the extended auto warranty. Many | | | | their claims denied because they continued |
| consumers are shocked to learn that car | | | | driving after their engines overheated or |
| dealerships function like any other retail | | | | they attached unauthorized tow hitches to |
| outlet, marking up not just the cars but all | | | | their cars. Sometimes, if you don't get |
| of the finer details as well. It makes sense, | | | | regular oil changes or fluid top-ups, then |
| then, to do a little homework online and | | | | you could be at risk for vetoing your right |
| figure out what a reasonable price should be, | | | | to coverage as well. Know the rules and stick |
| prior to hunting for cars. | | | | to them! |
| | | | |
| One common problem people run into is to fail | | | | Warranty plans can be intimidating at first, |
| to read and understand the agreement before | | | | especially because there are so many |
| they get work done. Knowing the right | | | | companies to choose from. You may want to try |
| questions to ask your warranty company is | | | | "Auto Warranty Reviews" or another comparison |
| crucial, experts say. For instance, ask if | | | | site. Look at how long the warranty company |
| you can get the work done at any shop, or do | | | | has been in business and how many claims |
| you have to look for a certain certification, | | | | they've addressed, their BBB rating, if they |
| or in some cases return to the dealer? | | | | have clients like car dealerships and banks, |
| Additionally, is your car covered for "wear | | | | if they fully explain their plans with |
| and tear" damage or just mechanical failure? | | | | details, if they offer written terms and |
| You should have a comprehensive list of all | | | | conditions, if they cover all 50 states (in |
| the parts that are/aren't covered! | | | | case you're traveling and have a problem) and |
| | | | if there is some sort of money back |
| Sometimes you'll get a "bumper to bumper" | | | | guarantee. |
| warranty that covers everything except for | | | | |