Car Warranty Reviews
Posted by Joseph Della Morte on Sat, Nov 12, 2011 @ 06:42
You may be looking for ways to extend the useful life of your car without spending a lot of money. Here's a thought: Why not purchase a service contract (sometimes referred to inaccurately as an extended warranty) for your car?
So here's the proposition: by spending money on a service contract, you are committing to a known and planned expense instead of waiting like an ostrich with its head in a hole for that fateful day when "Oops, you've got a $3200 repair bill for your car's transmission".
It's a bit of a gamble -- sort of like homeowner's insurance. One thing's for sure; your car will break down. It's only a matter of time.
So let's pretend you think a service contract for your car is a good idea. How do you go about determining which car warranty is for you? A couple of key points.
There are good ones and there are bad ones. Look for the warranty that is backed by an administrator who has been rated by AM Best, an independent agency that ranks all sorts of financial institutions. An A rating is the minimum acceptable rating.
Don't be in a rush. Anyone who is pressing you to buy today is engaging in pressure sales tactics you don't need. Buying things over the phone is tough enough without being tormented by a salesman who says "You have to do this today" for any reason. You want to make sure the product offered is the best for your vehicle, for your driving habits and for your wallet.
Review a copy of the contract. This is the internet age. You're reading precisely because you have internet access. Ask for a copy of the contract so you can review it on your own time.
Compare pricing. There is such a wide variation in pricing for two reasons: One, you get what you pay for. If the price is "crazy good" the product is probably "crazy bad". On the other end of the spectrum, beware of sellers who have marked up the price of the contract excessively and are the folks who are using pressure sales techniques precisely so you don't have time to comparison shop.
Finally, listen to the person selling you the service contract. You may want to talk to them at a future date. Do they sound intelligent? Helpful? Informed? Articulate? If you bring a unique problem to them, do they sound like they will be able to help you? You are purchasing the contract for 3 or 4 or 5 years. Will they be there to help you along the way?
Finally, a word about CarGuard. It is with an eye toward being the best provider of extended service contracts in the industry that CarGuard engages in this business. Too many people have suffered at the hands of unscrupulous business people who misrepresent automobile service contracts to innocent people. CarGuard believes in its products and services. We're here to help. Please give us ample consideration as you undertake the research and selection of the best extended warranty for your car.
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