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How Much Should You Pay for an Extended Auto Warranty

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Auto Warranty in Colorado

Colorado MapColorado residents have many options when it comes to choosing an auto warranty company. Experts recommend shopping around before committing to any one company or policy. Although many dealerships offer auto warranties, a buyer may find a better deal through their insurance company. In a survey of those who purchased auto warranties, the most satisfied were those who bought a warranty that was backed by the auto-maker. There are many choices a buyer can select from.

When purchasing auto warranties, the best decisions are made when the buyer is not feeling pressured. Dealers often try to sell the convenience of including the coverage in the new car loan, but that means the buyer is paying interest on coverage that is already included in the factory warranty. A buyer can purchase extended warranty coverage after purchasing the car, if he or she feels that is necessary.

Many Colorado residents don't realize that they can bargain for a better price for their auto warranty. In a survey done of car owners who had purchased auto warranties, only a third of them tried to negotiate a better price. Most of them who did ask for a better deal were successful, saving about $325 per year. Often, buyers are under the impression that the auto warranty is a fixed price. This may not be the case and a better deal can be obtained.

One of the biggest mistakes made when purchasing an auto warranty is not reading the small print. Rather than taking the dealer's word for it, a buyer needs to read the contract carefully and understand the provisions before signing. A buyer should be able to explain to their spouse what is covered, as well as where to take the car for authorized service. Some warranties have restrictions on approved shops. The convenience of this should be carefully considered before making the decision to purchase the warranty.

Auto warranties should be carefully considered before purchasing. If purchased wisely, they can save the car owner thousands of dollars.


Driver prints bad review of car dealership on Range Rover and dumps it outside

Totally incompetent, Lack of communication. Cannot fix the car.' (Picture: BPM) He said that despite taking out a three-year warranty, when he called to complain he was left on hold for five-and-a-hal...

Published:  Fri, 20 Jul 2018 07:39:00 GMT

Why is car insurance often so expensive

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Published:  Fri, 20 Jul 2018 05:41:00 GMT

Warranty Accruals per Vehicle Sold:

Most of the world's top auto manufacturers began reporting their warranty metrics in 2003, except for Hyundai Motor Co., which did not begin until 2004. All of them report their metrics at least once ...

Published:  Thu, 19 Jul 2018 17:58:00 GMT

Kingsway Financial Services sells non-standard auto insurance business

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Published:  Mon, 16 Jul 2018 06:20:00 GMT

'I shouldn't let being a female stop me,' says auto tech student with a passion for cars

"I went to a car show with a friend and I was hooked ... She joins a female service writer, warranty clerk, dispatcher and detail shop manager. "We love the co-op program. The people who come to us th...

Published:  Sun, 15 Jul 2018 04:09:00 GMT

What to Know About Buying a Home Warranty

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Published:  Wed, 11 Jul 2018 15:22:00 GMT

Vehicle subscription service Mobiliti enters NJ

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Published:  Mon, 16 Jul 2018 09:39:00 GMT

Mitsubishi Outlander Diesel is fastest selling used car in June according to Auto Trader

Our Approved Used programme has been instrumental in driving used vehicle demand by offering at least two years' warranty, two years' roadside ... Mitsubish...

Published:  Fri, 13 Jul 2018 00:52:00 GMT

Judge tosses lawsuit against Toyota over rats gnawing on car wiring

More: Rats can't resist wiring in newer cars: Here's why More:Auto industry touts strong sales, but tariff talk clouds picture Brian Kabateck, co-lead attorney for the ... or cover the damage under it...

Published:  Tue, 03 Jul 2018 16:23:00 GMT

Auto Warranty Reviews Advises Shoppers On New Bill Impacting Warranty Dealers

Further, there are specially-contained provisions that could be viewed as responses to actions in recent years by Fiat Chrysler, General Motors, Hyundai/Genesis and Volvo and its Lynk & CO affiliate. ...

Published:  Thu, 14 Jun 2018 11:46:00 GMT

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