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