When buying a used car, one of the most important things to consider is the current warranty policy attached to the vehicle
. Customers should protect themselves from unexpected costs by adding an extended car warranty. They can be expensive and unclear about what they cover, but close examination of the contract and carefully reading the terms of the service contractagreement will prevent the buyer from being hoodwinked. Buying an extendedwarranty that is appropriately priced and that offers the proper coverage is possible by following a few easy tips.
People who have bought used cars through dealerships are familiar with the hard selling techniques they use to add extended warranty packages to their sale. Salespeople will claim the package covers "everything," which is always an exaggeration. In fact, most extended warranties do not cover wear and tear of the vehicle. A used car warranty should be as inclusive as possible, so the best way to avoid a scam is to thoroughly read through what is covered and what is not.
Dealerships inflate the prices and people who are unfamiliar with the cost of a warranty package will overpay. Another way to avoid aripoff is by holding off on buying a warranty package from the dealer until you have shopped around and compared prices. Many third party companies sell customizable vehicle warranties online. Compare several of these in order to find the best deal.
Do not assume that a low premium has the greatest value. Often, these packages contain the highest deductable prices. In this case, car owners end up paying more in the long run because the deductibles add up and ultimately exceed the initial cost. Be aware of this when choosing a plan. Trust a company that has knowledgeable VSC agents and not telemarketers. Your buying insurance, not renewing a magazine subscription.
Extending a used car warranty is a great way to protect you and your investment. Avoid falling into traps from dealerships or online scams that promise coverage that they do not deliver. A little bit of research and close attention to the contract will help you get the most out of your extended vehicle warranty.
