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It has been reported that a variety of companies and marketing firms have been making unsolicited calls to offer customers an automotive extended warranty. When a customer is told that the warranty is about to expire, if they are not educated to the warranty business or their vehicles coverage may sometimes believe anything a telemarketing agent says. Unfortunately in almost every case they are creating this information out of thin air with hope that they can scare or pressure a customer into purchasing warranty coverage for their vehicle. This is obviously a dishonest practice but is borderline illegal as well.
It is also been reported that a variety of third-party companies have been sending a postcard a flyer in the mail with the same general information hoping to coax a customer into calling them so they can attempt to sell them warranty coverage. This process is a high-pressure process, usually involving several levels of sales professionals to try and close the deal.
What these companies never tell you is that in many cases, your car may still be covered by an existing warranty as they have no knowledge of the vehicle’s actual existing warranty status.
Also, there are many levels of warranty coverage that are available that are generally not explained in clear detail to a customer. They simply sign you up, collect your money, and then send you documentation later where you find out there are many loopholes that would allow a claim to be denied. This is assuming the company even has a claims department and any legitimacy at all.
In most cases, you may have simply given money for a product that either doesn’t exist or is not an actual insurance company product.
If the company does have any legitimacy, not having an underwriter simply means that in the event that they have any type of claims activity at all, they can easily be wiped out as they very rarely leave much money in a claims fund to protect the consumer.
The bottom line is a customer’s best option is to reach out to a legitimate warranty provider that is directly underwritten by a US-based, “A” rated carrier. The other option of course is to visit a local dealership and find out what they are offering. The downside to this is that dealerships are generally 50-100% more expensive the same level of coverage you can get in the automotive warranty aftermarket.
The bottom line is you will almost never hear a radio ad or receive a notice by mail from any legitimate warranty company so buyer beware!
If you are looking for warranty coverage a great place to start would be www.autowarranties.com where you can get wholesale pricing for the industry’s highest level of coverage.
Generally in August and September most manufacturers introduce their new models for 2017. This creates an excellent opportunity for car buyers to get very strong deals on 2016 models that are still in inventory. There are however, some tips on how to make your best model year end deal.
Do your research online before you step into a dealership. You want to do your research so that when you get to the dealership you have a good idea of what you want to purchase, and even have some idea of pricing as many of the sites on the Internet provide this service as well.
Timing is important as well. Some models may be a good deal now, but a great deal later. As we approach year-end vehicles that are still left over will continue to drop in price and become much better values.
Many of the manufacturer’s offer very attractive financing or leasing options as well as strong cash-back offers. Weigh your options carefully as depending on your situation, cash-back may be a better deal than financing you may not have needed in the first place.
Typically the vehicles that are being redesigned completely will offer significantly better deals on their model predecessor. This again offers an opportunity to get a lot of car for a lot less money. Look for these models and negotiate your best deal on the 2016’s which will likely be heavily discounted and incentivized.
Lastly, it may be worthwhile to look at manufacturers whose vehicles you don’t currently own. Many of these manufacturers offer “conquest†deals that will offer additional cash-back offers should you decide to switch makes and move over to their product line.
As always, regardless of which car you choose it is very important to consider extended warranty coverage. An extended auto warranty is your best bet on protecting yourself from the inevitable, and unexpected car repair bills you will likely face.
The transmission is an essential part in your car. It is also one of the most costly parts to replace or repair. If you have owned your car for a long period of time, it is a possibility that you will eventually need to replace or repair the transmission. Here are some telltale signs that your transmission needs replacement:
The first sign is that your car is leaking transmission fluid. Check under your car while it is parked. Look for fluid pools that have a reddish color. After, check to see if there is any metal in the fluid. If there is, it is important to replace the transmission since broken metal is a sign that the transmission is worn down.
In addition, inspect the fluid levels in your car’s transmission. If you have low levels, this may be an indication that your transmission is burning too much fluid or that it is overheating.
Also, if there is a rough transition between gears when driving, this is an indication that your transmission needs replacement. It may take longer to switch between gears or the gears may slip. This will reduce the acceleration in your car.
Transmission replacements can be costly. Therefore, it is smart to look into an aftermarket auto warranty company that you can buy an extended auto warranty from. The auto warranty will help reduce the costs of your repair bills. Lastly, be sure that you purchase an auto warranty that provides the proper amount of coverage for your car.
Usually, motorists will buy an aftermarket auto warranty or an extended auto warranty for their cars when the factory warranty terminates. When you buy an aftermarket auto warranty, your warranty provider provides coverage for replacement and repair of certain car parts. Here are some things to keep in mind when deciding to buy an aftermarket auto warranty:
An aftermarket auto warranty generally does not cover the costs of replacement and repair of parts that break down as a result of wear and tear. An aftermarket bumper-to-bumper warranty provides coverage for most parts in your car, generally with the exclusion of parts such as brakes, tires, and other wear and tear parts. It is smart to invest in a warranty that can cover wear and tear parts in addition to other parts because about eighty percent of your car’s repair costs are a result of wear and tear issues. An auto warranty that covers wear and tear problems will save you money, especially for older cars.
Usually motorists buy an aftermarket auto warranty or an extended auto warranty for their cars when their factory warranty is terminated. When you buy an aftermarket auto warranty, your car warranty provider will cover the cost or replacement and repair on certain parts of your car. There are things to keep in mind when you consider buying and aftermarket or extended auto warranty:
An aftermarket auto warranty generally does not cover the cost of replacement or repair of wear and tear parts. An aftermarket bumper to bumper warranty covers almost all parts of your car, but will generally exclude parts such as brakes and tires the break down as a result of wear and tear. However, there are companies out there that will cover wear and tear parts in addition to the other parts. It is smart to buy a warranty that covers wear and tear, even if it is a bit more expensive to do so because 80% of the problems that arise in your car are a result of wear and tear. An auto warranty that covers wear and tear problems will save you a lot of money in the long run, particularly if your car is an older one.
An auto warranty is a wise investment to make when buying a new car. New car warranties provide four kinds of coverage:
1. One kind of coverage that you can receive is basic, bumper-to-bumper warranty coverage. This kind of warranty provides coverage for all of the parts of the car from the front bumper to the back bumper.
2. Another kind of coverage that you can receive is a powertrain warranty. This covers the parts of the car that make it run. This includes parts like the drive axels, the engine, the driveshaft, and the transmission.
3. In addition, your auto warranty can cover corrosion and rust. This handles rust-through problems.
4. Lastly, you can get roadside assistance with your warranty. You may receive this service if you have a basic warranty that is active. It provides professional help when you are stranded on the side of the road due to a vehicular breakdown. It offers services such as flat tire assistance, lockout assistance, refueling assistance and towing.
To further familiarize yourself with the exact coverage provided for you by your auto warranty, read through the warranty booklet and owner’s manual. If you still don’t believe that you have all of the coverage that you need it is good to purchase an extended auto warranty for your car as well.
It is wise to buy an auto warranty when investing in a new car. New car warranties can provide four kinds of coverage for your car:
1. The first kind of coverage that you can receive is basic coverage, or a bumper-to-bumper warranty. This kind of warranty provides coverage for the parts of the car from the front bumper to the back bumper.
2. Another kind of coverage that you can receive is a powertrain warranty. This provides coverage for the parts that make the car run. Such parts include the engine, the driveshaft, the drive axels, and the transmission.
3. In addition, your auto warranty can cover corrosion and rust. This will cover the rust-through problems that you may encounter later on.
4. A final kind of coverage that you can receive is roadside assistance. This is a service that may be given to you when your basic warranty is active. It offers professional assistance when you find yourself stranded on the side of the road due to a vehicle breakdown. It offers many beneficial services such as lockout assistance, refueling assistance, flat tire assistance, and towing.
If you wish to become even more familiar with the details of the coverage that come with your auto warranty, look at your warranty booklet or owner’s manual. If you still do not believe that you are receiving enough coverage and that you want more, it is smart to purchase an extended auto warranty for your car that will suit all of your needs.
One of the most vital parts of your car is your transmission. However, it is one of the most expensive parts in your car to have replaced. If you own your car for a long period of time, there is a good chance that you eventually need to replace the transmission. Here are some clear signs that you are having transmission issues:
One sign is leaking transmission fluid. The fluid pools beneath your car when it is parked and can be easily identified by its red color. You then should check to see if there is any metal in the fluid. If there is metal, a new transmission is essential since broken metal is a sign that your transmission is worn down.
In addition, inspect the fluid levels in your car’s transmission. If they are low, this could be an indication that your transmission is burning too much fluid or overheating.
If you notice that your car is making rough transitions between gears, this is an indication of a transmission problem. Your gears could slip and take a longer time to switch between gears, resulting in a slower acceleration of your car.
Since transmission replacements are expensive, it is smart to look up an aftermarket auto warranty company and purchase an extended auto warranty in order to reduce the costs of your car repair bills. In addition, make sure that you buy an auto warranty that provides the right amount of coverage for your car.
The trade-in value of a vehicle is determined by how desirable it will be in the used car market. A vehicle that is in good shape, has an accident-free history, and hasn’t had multiple owners will have a higher trade-in value. One of the most important factors in the vehicle’s value whether or not it was properly maintained and serviced. If the owner of the vehicle had an extended auto warranty, it was likely serviced and maintained properly and regularly because the owner did not need to fret about the cost of maintenance and repairs.
When appraisers determine a vehicle’s value when it gets traded-in, they take many factors into consideration. They will look at whether or not maintenance was performed on a routine basis and also if and what major repairs were done on the vehicle. Vehicles under warranty generally have less mechanical issues since the owner did not worry about repair costs and got repairs and done right away. This is because the costs were covered by the auto warranty. Dealers want these vehicles to be sold on their lots since they are more reliable and reliability is important to consumers who want to buy a used vehicle.
If you want to ensure that your vehicle maintains a higher trade-in value, maintain it properly and regularly, as well as have necessary repairs performed right away. If you want to avoid any excessive service and repair costs, it is wise to purchase an extended auto warranty for your vehicle.
People usually purchase an aftermarket auto warranty or an extended auto warranty for their cars when their factory warranty is up. When you purchase an aftermarket auto warranty, you warranty provider will cover the costs of bills for replacement and repair of certain parts of your car. Here are some things to keep in mind when planning on buying an aftermarket auto warranty:
An aftermarket auto warranty generally does not cover the costs of repairs that are in relation to wear and tear. An aftermarket bumper-to-bumper warranty will cover expenses for repair and replacement of most parts on your car, but usually this warranty will not cover your brakes, tires, etc. However, there are companies out there that will provide you with a warranty that covers wear and tear parts in addition to the other parts. It is smart to purchase a warranty that covers wear and tear parts even if it is more expensive than a regular mechanical warranty. This is because approximately 80% of your car repair expenses are due to wear and tear issues. You can save a good amount of money with an auto warranty that provides coverage for wear and tear problems, especially if you have an older car.