Loan Lenders - Tips on Buying Warranty for Used Cars

April 23, 2010 - PRLog -- New or not, cars should have warranties.  It is a right, not a privilege.  

The following are tips to better your chances of getting the best warranty for your money.  Know what you are buying

Hector Milla Editor of the "Direct Auto Loans Lenders" website -- http://www.DirectAutoLoanLenders.com -- pointed out;


“…Some people who avail themselves of auto warranty coverage usually have a notion that they are purchasing a special shield that protects their vehicle from unnecessary wear and tear.  Though this is true, this idea is primarily bound to a contract that the buyer should read prior to signing anything.  There are instances when consumers buy a used car then expect the warranty company to get their cars back in shape for them.  Buyers then unnecessarily file a complaint and get angry once their request is denied simply because their understanding of the conditions that constitute the warranty differs from what the warranty company has explicitly stated on their contract. It is advisable therefore to read in order to avoid uncalled for weeping…”

See through the “lies.”

Do not believe when auto warranty companies claim that their warranty can not be refunded.  One hundred percent of extended car warranties are refundable within thirty days provided no claims have been made.  If in any instance you feel that you were in some way forced to purchase or get a Ford, Hyundai or Honda warranty that you didn’t want, do not hesitate to get your money back.    

Sift through their trashing

If a warranty company has a good enough standing, it does not need to trash the competition or badmouth the other company’s warranty contract.  You need to see them point out their own warranty company merits, offers and packages and not the competitor’s “worthless” clauses in order to make a sale.  Though it is a competitive world out there, the only way to stand out is to offer excellent and ethical service.  In this case, action speaks louder than words.

Avoid buying auto warranty from you dealer

“…Though it is extremely convenient to do so, the effects are short-term.  The price car dealers’ offer for extended auto warranty, believe it or not, is usually two to three times higher than the normal rate.  Plus,  their contracts have far too many limitations and unfair clauses that buying warranties from first-rate warranty companies that provide better service for half the price, is a clearer and – should be - the only option…” added H. Milla.  

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