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How Much Should You Pay for an Extended Auto Warranty

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Auto Warranty in Minnesota

Minnesota MapDid you know that Minnesota drivers spend millions of dollars each year just to keep their vehicles on the roads? Unless a car owner has an auto warranty policy, the individual is responsible to pay the repair bill if they want to keep driving.

Auto warranties operate much like health insurance; a buyer chooses a policy, pays either monthly or annually for coverage, and in the event of a repair that is covered under the policy, pays a deductible before the rest of the expense is paid by the warranty company. Many people who have an auto warranty are frustrated with the warranty business when they find out that their repair is not covered. To alleviate this, a vehicle owner should read the auto warranty in its entirety before purchasing. This will help the individual understand what is and what is not covered under the warranty.

Before purchasing an auto warranty policy, the buyer should check the business' rating with the BBB. The BBB requires all accredited businesses to abide by specific standards of conduct in business transactions. Auto warranty companies are required to be responsive, addressing marketplace disputes quickly and professionally. The business is also required to honor promises. In the case of auto warranty providers, this means abiding by all written agreements and verbal representations. Any business with a rating of less than A- should not be considered.

A potential buyer should also ask how long the company has been in business. As a general rule, experienced providers are still in business because they keep their customers happy. A new company may not be able to handle claims satisfactorily, and there is a greater risk of them closing their doors and leaving the policyholder with the repair bill. Companies should have been in business for at least ten years in order to be considered as a legitimate choice for the Minnesota resident looking for an auto warranty.

Auto warranties have provided peace of mind to many drivers when it comes to covering costly repairs.

 

Should You Get an Extended Warranty for Your Car

GM says it's the only automaker offering a true extended warranty, though others offer vehicle service plans. (GM's plan isn't available for vehicles sold in California, Florida, Hawaii, Maine, Minnes...

Published:  Thu, 27 Dec 2018 03:40:00 GMT



CarHop Auto Sales and Financing

It's a great running car it has low miles and the warranty is great. They really help people and ... I don't have time to jump through hoops. Carhop, Maplewood MN - I bought a Jeep back in 2012. 6 mon...

Published:  Tue, 18 Dec 2018 13:43:00 GMT



Minnesota attorney general sues Texas company for deceptive warranty sales

Halverson, a retiree in Blaine, didn't realize the offer wasn't from the dealer nor that her car's warranty was still good. She's not the only Minnesotan who thinks she was duped. On Friday, Minnesota ...

Published:  Fri, 06 Apr 2018 12:33:00 GMT



MN Supreme Court: "˜Fraud' invalidates "˜as is' car sales

The Minnesota Supreme Court struck a blow against shady auto ... As part of the sales process, Ride Auto told Sorchaga that she would get a third party warranty, the ASC Vehicle Protection Plan (ASC a...

Published:  Wed, 21 Mar 2018 09:47:00 GMT



Abco Fridley Auto Parts - Fridley, MN

Lifetime warranty on most parts! Located in the Greater Minneapolis/St. Paul, Minnesota area Abco Fridley Auto Parts has served the twin city's used and recycled auto and truck part needs since 1946. ...

Published:  Sun, 07 May 2017 17:00:00 GMT



iCar Asia raises US$19.3M to foray into auto finance, insurance, warranty services

As part of this proposition, iCar Asia will look at expanding into adjacent market segments, including auto finance, insurance, inspection and warranty services. "With the additional investment, we wi...

Published:  Tue, 14 Nov 2017 21:11:00 GMT



Michigan Manufactures Winter: Making A Better Cross-Country Ski Pole

Then we fixed all those things in one pole, and were able to offer the best warranty in the industry ... businesses for parts of our production," he said. "A local auto shop does our paint. The design ...

Published:  Mon, 07 Jan 2019 10:45:00 GMT



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