Vehicle Warranty-To Buy or not to Buy
When a vehicle is purchased there are two opportunities to make decisions about extended warranties, at the point of purchase and then later via mail or phone solicitation.
These purchase decisions need to be evaluated carefully regarding cost and actual benefit.
Often, these warranties only cover specific repair expenses and in many cases only up to defined capped limits.
In addition, they often require co-pays or deductibles.
As a Shop Owner for many years, I have witnessed firsthand the disappointment on the part of the consumer when repairs were not covered in full.
These extended warranties are highly profitable for the marketers, financing institution and warranty companies themselves.
These warranties are designed to be profitable and rates are formulated to maintain this profitability.
Consumers should be particularly wary of after the sale solicitations and are advised to not agree to any purchase until they have had a chance to carefully review the coverage and the terms of payment.
Read the full article before you buy Don't Get Burned By An Extended Vehicle Warranty
