|
Although
using a warranty broker has become common place and
is an affordable alternative
if you have purchased a used car "AS-IS"
there are some things you should look into before
purchasing one of their plans.
1. What is covered?
Although they say "bumper to bumper", they
all have exclusions. Find out what is not
covered, usually it is regular maintenance items
such as battery, lights, weather striping, etc. KEEP
IN MIND most of these coverage's are for costly
repairs if something fails on your vehicle, this is
not for regular maintenance items.
2. Is the
contract renewable after the set years or mileage
has been exceeded? Most of the
coverage plans expire after so many years or so many
miles, find out beforehand
if your contract is renewable AND if it is at a
higher rate or the same rate as your first policy.
3. If something does break how do they
pay your mechanic? This is good to
know, if the repair is completed how easy is it to
leave the mechanics? For instance with most
warranty brokers all you do is sign the receipt and go.
Then the warranty broker pays by credit card, so they take care of it with no
out of pocket expenses for you.
4. Can you
transfer the warranty to a new owner?
Most warranty brokers understand you may not keep
the same car for years on end. They offer the
option to transfer the policy to another owner
(which can increase the value of the car also), but
find out if there is a fee involved in this transfer
just to be sure.
5.
Where can you take your vehicle for repair?
be sure to find this out. With most warranty brokers
you can take it virtually anywhere
because they pay for it by company credit card.
So this is just like you paying by credit card. Maybe
Leroy's Garage doesn't take credit cards.....well do
you really want Leroy to fix your vehicle if you're
not footing the bill?.....didn't think so.
Get Your Free
Warranty Quote Here!
Comments,
suggestions, questions email us at:
 Waranties@Used-CarLots.com
|
