Archive for the ‘automotive warranty’ tag
Extended Warranty Essentials For Automobile To Consider
If you’re buying a brand new Lexus or Toyota, then chances are you won’t need an extended warranty. If you’re buying a Pontiac or a Jeep, then it’s a toss-up and you may end up breaking even with the purchase of an automotive warranty. If you’re buying a flashier-but-less-reliable Mercedes-Benz, then you should consider a warranty, according to Consumer Reports. You can buy these warranties online or at a dealership, but there are many things to look for prior to purchasing. The most important thing is that you relax, research and not allow yourself to be pressured into anything.
Did you know that an auto salesman can make more money from selling you an extended warranty than selling you the car? The most profitable part of the retail auto business is, in fact, the extended automobile warranty, where anything over the dealer’s cost is profit. Generally speaking, salesmen get a flat fee for each warranty sold, plus the balance of the profit. The fees can range from 0 to 50, and when compared to third party warranties, dealership plans cost, on average, 40% to 100% more.
Another factor to consider is auto warranty for “wear and tear.” This type of warranty can be hard to find, since many only cover mechanical failure. However, you can definitely find extended warranty coverage that includes “wear and tear,” thereby covering parts like the idler arm, piston rings, U joints, CV joints, wheel bearings, motor mounts, suspension bushings, tie rod ends, seals, gaskets and other engine parts that gradually wear down and may or may not cause a mechanical breakdown.
If you have an anti-lock braking system, then you’ll want to make sure your coverage extends to ABS and instances of overheating. The comprehensive website, carbuyingtips.com recommends Warranty Direct and Nation Warranty Corporation, which both include “wear and tear” in their plans.
The most important thing is that you don’t feel rushed or hassled into securing the extended warranty for your car immediately. Most auto warranties allow you the option of buying later; yet of course, you should only delay as you research, rather than allowing enough time to elapse so your car is a liability. Like with health insurance, it’s much harder to get coverage once problems arise. As with anything, the extended auto warranty is a “buyer beware” scenario, but if you do some homework and understand your auto habits, then the couple of thousand you pay today can save you a small fortune tomorrow.
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What To Expect From The Powershield 2 Year Extended Warranty
“I told my wife she was nuts for buying a warranty on the internet,” as told to Warranty Direct James Prendergast. “We had the opportunity to use your warranty coverage for the first time. The repair cost was 70% of what we paid for the warranty and we still have 45,000 miles of coverage. Now she’ll never let me live it down.” While it may seem outrageous to look for warranty deals and impeccable customer service on the internet, thousands of customers have purchased the PowerShield 2 year extended warranty from Warranty Direct with rave reviews.
The first question consumers should ask is, “What parts are covered with my 2 year extended warranty?” With PowerShield, all the traditional “powertrain” components are included: engine, transmission, computer modules and drive axles. Unlike other warranties, Warranty Direct customers will also be covered for timing belts, water pumps, oil pumps, mechanical fuel pumps, CV joints, universal joints, crankshafts, cam shafts, bearings, bushings and more.
Consumers will NOT be covered for “wear and tear” damaged components like: seals, gaskets, valves, batteries, light bulbs, tires, GPS, trim, molding, handles, spark plugs, rotors, brake pads, hoses, drive belts or wheel alignments. At WarrantyDirect.com, there are other <a href=”http://extendedwarranty.akainfotips.info/2-Year-Extended-Warranty.php”>new car warranties</a> and used car warranties (up to 7 years/100,000 miles) that cover “wear and tear” damage and all of these parts.
It can be difficult to find added protection for older vehicles. It seems that many cars depreciate the moment they are driven off the lot, but Warranty Direct offers to insure vehicles for as much as 150,000 miles! The PowerShield 2 year extended warranty offers 25,000 additional miles of coverage, with the choice of a 0 PER VISIT deductible or Warranty Direct offers a wide variety of coverage options, so consumers should investigate which ones apply to their vehicles. For example, LuxuryCare+ and XtraCare+ coverage is the most comprehensive, which include wear and tear damage, interior/exterior features, rear suspension, anti-lock brakes, cooling and fuel delivery systems. LuxuryCare even includes GPS, DVD video, bluetooth/phone and internet access systems. MajorCare, SecureCare and PowerWrap also cover most of the problems one could run into. Any car 7 years old with mileage 100,000 or less is eligible for these new and used car warranties offered at WarrantyDirect.com. For higher mileage vehicles, consumers must visit Warranty Direct’s other site CarWarranty.com. deductible. No matter how many parts car owners need worked on, they will only pay that one-time 0 deductible, if they choose to pay a small deductible at all, that is! In addition to the 2 year extended warranty coverage, there is also 3 year, 4 year and 5 year used car warranties available, covering up to 100,000 additional miles!
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