The best extended used car warranty deal is one that is bought directly from a legitimate extended warranty company that provides real coverage and legitimate benefits for the people that hold one of their service contracts. There are many scams and many ripoffs when it comes to extended warranties. Even when you buy an extended warranty for a used car or a new car, through an automotive dealership, you can pay hundreds and thousands of dollars more than you should ever have to. In the name of profit, car dealerships can mark up the price of an extended warranty hundred and thousands of dollars without you ever knowing the difference unless you have shopped around.
Along with making money on the finance interest rates, car dealerships make a tremendous amount of money on the sale of extended warranties. Sometimes, you really don’t know what you’re buying. You don’t know if the warranty that you’re buying will cover your air conditioning system or if it will only cover the internal parts of an engine. He can get really confusing and finance managers are very good at confusing you when it comes to the types of benefits that you are actually purchasing.
When you can compare the exact benefits that are offered by various extended warranty companies, in the comfort of your own home, you are better able to make an informed and educated decision. Used car extended warranty contracts are very good things to have, but you should take time to make an educated decision and make sure that the warranty that you are choosing is one that you really need and is giving you the best value.
Used car extended warranties that are sold through car dealerships are sold at an inflated price that can be 400% to 500% more than the actual cost of the warranty if you were to purchase a direct. You can save a lot of money by comparing quotes from multiple companies without having to actually apply for anything.