Sep 20, 2012

Automobile Warranties

Many  newlywed couples after their honeymoon come home and settled into the routine of married life. Some will purchase a new car to help establish their credit.

When you go to the dealer, and eventually purchase a new car you will be immediately asked to purchase an extended warranty. Be careful with this it is another tool for the dealer to either make up for some profit lost on your transaction, or to increase more profit on the deal.

Many car salesman look upon newlyweds as an easy target because they seem gullible or the husband or wife wants to make their partner happy with the purchase of a new car. . You will be told that this warranty will cover everything on your car and therefore you will  not have to worry about anything going wrong.

If you feel that you need to purchase an extended warranty first check and see how long the manufacturers warranty covers the car.  Most warranties are good for about 36,000 miles  on certain models of of automobiles they could go as high as 100,000 miles. There will always be a deductible from $300-$500 . This means you will be responsible for repairs falling into this category before the warranty will kick in.  Also check and see if there are service fees connected to the warranty.
If you are purchasing a new car an extended warranty would probably be a waste of money. So do your research  before going to the dealer  so you won't be ripped off.

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