Guidelines for Purchasing Used Car Warranties
Steve has heard enough horror stories from friends who had bought a used car only to end up spending over half the purchase price again on repairs. Just because you know how to handle a wrench doesn’t mean that you can keep up with the inevitable repair expenses that a used car may require.
So Steve did his homework, studied up on used car warranties, or extended warranties, and was glad he did so when his own car broke down after a month.
Here are some questions to ask while considering various used car warranties:
1)Are you a Member of the BBB and in good standing?
2) Do you offer financing?
3) Can I choose the repair facility?
4) Do you pay the repair facility directly?
5) Where can I take my car for repairs? Your dealership, or any ASE Certified repair facility you choose.
6) Depending on the age and mileage of a used car, do you offer bumper to bumper coverage for vehicles out of manufacturers warranty?
7) Do you include Wear & Tear?
8) Is overheating covered?
9) Do you offer a per visit deductible?
10) Do you offer a Zero Deductible option?
11) Do you offer Road Hazard protection?
12) Do you offer Car Rental reimbursement with your extended auto warranty?
13) Is the agreement transferable / renewable?
14) Are High Mileage plans available for up to 102,000 miles?
15) Are claims handled by the same company that sells car warrantys?
from Buy-and-Sell-Car-Secrets.com