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Tag Archives: Warranties

Extended Warranties: To Buy or Not to Buy?

Extended Warranties: To Buy or Not to Buy?

  There’s nothing scarier than making an investment that doesn’t pay off. This spooky season, don’t get stabbed in the back because you don’t have all the information. So today, we’ll investigate if having an extended warranty is worth the investment? Before we begin, we acknowledge that extended warranty companies aren’t all the same. While most are fine, there are some companies that may set off red flags. However, it’s completely up to you, and with this information, you can make the best decision based on your needs.    There are typically three main types of extended warranty packages: basic (or bronze), plus (or silver), and deluxe (or gold.  The basic extended warranty package will be an extremely basic warranty. It will only have coverage up to a certain amount of money per hour paid out, as well as it generally will only cover half of the bill up to a maximum amount. Usually, it covers internally lubricated parts ... read more

Part 2 - Should You Buy an Extended Warranty?

Part 2 - Should You Buy an Extended Warranty?

  Last time, we discussed the types of warranties and the pitfalls of the extended warranty as a whole. Basically, warranty companies have a much higher chance of benefiting from your purchase of an extended warranty than you are because it’s not as likely that your warranty will cover something you actually need replaced in the time you have it. In the event that you are covered under warranty and the extended warranty company accepts fault, in many cases they will battle with the repair facility and tell them what quality of part they want to install on the car and then ask us to back it with our warranty and put it in writing for them. Depending on how far you are in your warranty will really determine what they decide on parts, but we often see  requests to install used parts. Naturally, a customer expects that they will be receiving a new replacement, just like they would with home insurance– if the roof goes bad, it’ll be replaced with a new roof&hell ... read more

When buying a new or used car, Should I purchase an extended warranty?

When buying a new or used car, Should I purchase an extended warranty?

We’re all familiar with questions about a car’s extended warranty, but is having an extended warranty even worth purchasing? We want to preface our answer by clarifying that not all extended warranty companies are terrible, but there are some companies that give their industry a certain reputation. However, it’s completely up to you to decide what you think and whether or not an extended warranty suits your needs, so we want to ensure you have all the information you need to make this decision. First, let's dive into some of the different types of extended warranties.   The basic extended warranty (sometimes called bronze) package will be an extremely basic warranty. It will only have coverage up to a certain amount of money per hour paid out, as well as it generally will only cover half of the bill up to a maximum amount. Usually, it covers internally lubricated parts of the engine and transmission.   The plus extended warranty (or silver) package wi ... read more

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