Shelling Out for an Extended Car Warranty – the Only Way to Go
April 26, 2015
When the subject of an extended car warranty comes up, most people think it’s a waste of money. Just think of it this way – if one brand of car you were considering came with a one-year guarantee and another came with a five-year guarantee, which would you prefer? If there is a certain poor reputation that extended car warranties suffer from, it could come from the fact that people choose poorly when they go shopping for one of these. Why is an extended car warranty indispensable? Most people need a car to get to work; people need them to get to job interviews. This is just not something that you can compromise on in uncertain times such as these.
The first part of choosing a car warranty is choosing wisely. If you buy your auto warranty from the dealer, what will you do if, like it happened to so many in2008, your dealership closes down due to losses? Many people back then who bought a warranty from their dealer on a Saturn or a Saab have no recourse now. The dealerships is closed. Instead, you should buy from a reputed warranty company. Most people don’t do this because the dealer is warranties usually the cheapest. That’s not the way to go about it though. You need someone who has the ability to pay when something goes wrong with your car. The cheap car warranties don’t have enough of a corpus to fund all the claims they get.
There is a great way to get to fund a good quality but expensive, extended car warranty – to finance it. No one ever said you had to come up with the entire price right away. You can often get it financed at 0%. Just make sure that you don’t do this at the car dealership. Even if they do offer a high-quality warranty. That’s because if you do this alongside of your car purchase, they’ll just add it to the financing you’re taking out for the car at 14%. The financing on your car warranty is supposed to be for free. Do you wonder what to do about getting a car warranty when you have a really old car? Plenty of premium warranty sellers like Warranty Direct will take on cars that are really old – with almost 200,000 miles on the clock. And they cover everything from the axle and transmission to the engine. Be sure to get quality warranty on your really old car, and drive in peace.