Considering there are approximately more than two million vehicle warranty companies online, choosing the right one for you can be a daunting task. So how do you determine who has the best warranty available? Here are some tips to follow.
Ensure that the company is registered with the Better Business Bureau and has an A+ rating, regardless of whether you are purchasing a warranty online or through a dealership.
Generally, however, the warranty company will often be the dealership where the car is purchased. In order to stay ahead of the warranty game, it would be preferable to research the company, determine their rates and, more importantly, what they cover. All too often, if a vehicle warranty sounds too good to be true, it usually is.
When speaking to or checking online companies ask for a copy of the warranty in the former case and print out the policy information in the latter scenario. Check several online and offline companies so that you can compare and contrast them in order to ascertain who is actually offering the best deal. Try not to let any salesperson talk you into anything before you have had the opportunity to check other companies.
If you’ve ever purchased a new car, undoubtedly you have surmised that the dealership is working with warranty companies, which is why most salesmen point you to another office so that you can speak to an “agent” who will give you “the best price.” This is just doublespeak. Both the warranty company and the dealership often work together for commission purposes, and unless you are steadfast in requesting information before you sign on the dotted line you may expend more than you can afford.
Finally, as with any contract it is vital that you read the “fine print” before signing anything. While salesmen will often explain the contents of the contract as well as the warranty and what it covers, you need to read the warranty as well to ensure that all of the information was exactly as written. Once you sign a contract, you are obligated.
Vehicle warranty companies have to be checked and researched thoroughly before you even consider them. The car you purchased may have cost you a great deal of money and as an investment, you need to be assured that you are going to receive the best warranty available at a price you can afford.
With so many unscrupulous business owners, the last thing you need is dealing with someone – especially online – whose warranty is misleading. Therefore, do the homework required when searching for online or offline vehicle warranty companies. The more you know, the better prepared you will be to separate the wheat from the chaff.