Purchasing
an Auto Warranty
Purchasing an auto warranty is the best way to
invest in your vehicle. With the rising cost of parts and labor rates,
the every day consumer doesn’t always have a few hundred dollars
lying around for a minor repair bill. Major repairs have caused people
to park their cars unrepaired, even loose income due to a lack of
transportation, so make sure you have that extra peace of mind by
purchasing an extended auto warranty.
->Where to purchase an Extended Auto Warranty
When purchasing an extended auto warranty you
pretty much have two options in regards to where you purchase. If
the car is brand new or still under manufactures warranty, the car
dealership you bought it from generally can still sell you an extended
manufactures warranty. Your other option is to purchase an aftermarket
car warranty, which you can find on the Internet from online warranty
providers.
->Manufacture Warranty's
Most dealership/manufacture auto warranties
offer good security, meaning, there's a pretty good chance they will
still be in business when your contract is up, however, I can't say
this for all warranty companies. Manufactures like Ford, GM, VW and
many others are more established and they're not going anywhere. However,
extended manufacture warranties are more expensive, as much as 60%
or higher, and the warranty plans are not that comprehensive. We have
found that 3rd party warranty providers usually put more value into
their product because they only offer one product, auto warranties.
->Purchasing an Extended Auto Warranty Online
There are many companies online today selling
extended auto warranties. Most warranty providers offer similar products
and services, so it's important that the company you purchase from
has a good online reputation; don't base your decision on price. Many
companies online are insured by an RRG (Risk Retention Group), we
don't recommend purchasing from these companies. Only a few companies
online use a direct-write insurer, which is going to be your most
secure route. If you are interested in getting a competitive quote
from a warranty provider that uses a direct-write insure, continue
here.
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