| Sometimes we feel that we spend some extra | | | | on a more dependable car like a Lexus, Honda, |
| cost after the deal is closed. Find more tips | | | | or Toyota because extended warranties rarely |
| on how to manage ourselves in this trickiest | | | | cover the costs incurred in cars that are |
| scam. It is important that we have an | | | | present at the time of purchase. |
| extended warranty of the car that we bought; | | | | |
| this is to minimize the extra cost after we | | | | You will also want to get a warranty that is |
| buy the car. But what is the best way to get | | | | effective immediately. You will also want to |
| the extended warranty? Here are some tips | | | | get a warranty with a well established |
| that can be useful for you. Before buying a | | | | finance company and not one that go belly up |
| car, consider yourself for the extra costs | | | | in a year. |
| after deal. Here are some most common extra | | | | |
| cost that you might want to know. | | | | Don't purchase an extended warranty directly |
| | | | from the dealer. Instead look at sites on |
| It is very important that we should know | | | | for an online warranty because being online |
| things before we walk into the dealer to buy | | | | gives you all the time to asses your warranty |
| a new car. Get some guides and be benefited | | | | properly. |
| from your deal. | | | | |
| | | | Watch out for deductibles because you don't |
| So many people get ripped off after they have | | | | want to get stuck paying for deductibles that |
| already closed the deal. They get you on the | | | | you thought were covered by the warranty. |
| extras and the warranties at that point. The | | | | |
| extras are things like rust proofing, scotch | | | | Now let's look at some of the extras that |
| guarding etc. It seems pretty straight | | | | dealers get you on at closing. This can be |
| forward but you would be surprised at how | | | | very irritating how they try to weasel even |
| many people get taken on these. | | | | more money out of you in the end on stuff |
| | | | that you really don't need at all. Of course, |
| The trickiest closing cost scam is the | | | | when you hear it, they will all sound dire. |
| extended warranty because the language used | | | | It's bad enough that they will throw them up |
| is so confusing. This is not the warranty | | | | at you but look at this table to show how |
| that the factory gives you for the car. It is | | | | much they are really ripping you off by. |
| a warranty that covers the cost of fixing the | | | | |
| car should it break down on you. To get | | | | Most Common Extras at Closing Description |
| around this, you have to know the dealer's | | | | Your price Dealers costs Rust |
| language. | | | | proofing $800 $40 Extended |
| | | | warranty $1200 $300 Scotch guard |
| Extended warranties often do cover any | | | | $300 $5 Car alarm |
| repairs that you require during your coverage | | | | $400 $100 Paint sealant $300 |
| period, but there is often some information | | | | $10 Credit/insurance costs $200 $30 |
| that you are not told about. For example, the | | | | Detailing and pin striping $299 $30 Total |
| extended warranty is usually effective only | | | | of extras $3499 $515 Extra |
| up to a certain amount of mileage or term | | | | monthly payment total$97 $0 As you can |
| period; whichever happens first. They might | | | | see, these extras will get you in the end. If |
| also only cover certain types of problems. If | | | | you can, you should avoid them all together. |
| your extended warranty doesn't cover every | | | | They are worth far more to the dealer than |
| part of your car, why bother? | | | | they are to you. |
| | | | |
| Some extended warranties don't cover the | | | | It is very important for us as the buyer, |
| larger problems, but just the smaller ones. | | | | that we want all are clean in the contract, |
| If your engine conks out, you may be left in | | | | and we dont want to pay extra cost after the |
| the lurch. | | | | contract is closed. |
| | | | |
| You shouldn't even consider buying an | | | | It is better to get the extended warranty not |
| extended warranty if you are only leasing the | | | | directly from the dealer, and get your |
| car for a small time period like 36 months. | | | | warranty from a well established finance |
| Perhaps it is better only for longer periods | | | | company. |
| of leasing like 60 months. | | | | |
| | | | There are some extras that the dealer offer |
| Many extended warranties don't cover everyday | | | | to you, but the above tips give us the ideas |
| wear and tear policies, only breakdown | | | | that we can avoid these extras. After getting |
| problems. If you do insist on getting an | | | | the tips and ideas on how to buy the car in a |
| extended warranty, get one that covers both | | | | safest way, we are prepared to handle many |
| instances. | | | | scams that are offered by the dealer, and you |
| | | | will get the best deal. |
| You will only really want to get a warranty | | | | |