Those thinking to save hundreds on buying the new car must skip extended warranty as some unscrupulous dealers may dupe with some uncalled for stories. It is because a large section of the people never uses it for repairs during the period of the policy. If at all someone has used it has spent a considerable amount for the coverage than the amount saved in repair costs.
Those on the threshold of buying new car may adhere to the following tips as regards car warranty and its different facets:
Avoid pressure – Most of the car dealers dupe the purchasers with the convenience of rolling coverage into new-car loan. But it is certain that you will be paying up front for the coverage that is already being offered to you through the factory warranty. An extended warranty can be purchased after bringing home the new car even though it is found that the cost of the vehicle goes up with its growing age.
Bargaining – A better price for the contract can be negotiated if the car purchasers try the same. It has been found through surveys that only one third of the extended warranty purchasers ever asked for better price for their contract. The lucky ones that tried to do so won a huge saving through such lucrative deals.
Extensive shopping – Many car purchasers rely upon the dealers for purchasing the extended car warranty. Candidly, they do not shop around for making a better deal through insurance companies or auto club. It is a fact that the ones who bought an automaker-backed warranty were successful in saving a lot.
Full protection – It is suggested that the ones that intend to purchase new car must ask for full protection when buying car warranty. It is clear that little difference lies in costs between bumper-to-bumper coverage and limited coverage. As such full protection is better as it would cover the towing and travel expenses and the rental reimbursement too.
Go through the small print- It
is suggested that each and every clause of the car warranty document is
gone through in elaborate manners. Many a times it becomes necessary to
take the car for authorized servicing. There may be notable
restrictions on third-party warranties when the cars are taken to the
approved shops. One must be aware of the existing repair shops as many
dealerships might have already closed in the recent years. As such a
cat’s eye is a must to read each every detail of the paper.
Extended warranty for long haul – Usefulness
of the cars goes down with lapse of time. An extended warranty may be
useful if the car buyers intend to keep the same for prolonged periods
after expiry of the factory warranty.
of the cars goes down with lapse of time. An extended warranty may be
useful if the car buyers intend to keep the same for prolonged periods
after expiry of the factory warranty.
Charges – This
point also needs due consideration. Those asking for car warranties
must ask for the relevant expenses that should not burden their pockets.
But no compromise should be made with the fruits of the warranty and
its clauses.
point also needs due consideration. Those asking for car warranties
must ask for the relevant expenses that should not burden their pockets.
But no compromise should be made with the fruits of the warranty and
its clauses.
The above tips can be much useful in buying new cars and their warranties in gainful manners.