Best Extended Auto Warranty - 4 Steps to Getting the Best Coverage ...
The best extended auto warranty is the one that has to be attained with a little work and a firm knowledge of the best kind of coverage for the vehicle at hand. There are four basic steps to finding the policy that suits the driver and car and that also costs the least amount of money in out of pocket expenses. The essential steps are: vehicle research, market comparisons, choosing a dealer, and calculating what time the coverage should begin.
1) Vehicle Research: It's always important to know what kind of coverage best fits a vehicle. Year, make and model can be plugged into search engines to calculate what the car will need over time. Based on reviews and other users, it's possible to know which cars are lemons that are going to need constant care and which ones run smoothly for a long time. Some cars will have certain parts that always need to be replaced, while some will only break down when the car itself malfunctions. Once the driver has the right information about the car, they can reasonably estimate the amount of coverage they need to purchase.
2) Market Comparisons: Comparison shopping is essential to getting a good deal on an extended auto warranty. Most dealers admit that they will quote the highest rate that allows for the most coverage. If the driver knows what amount of coverage they want, they can get at least two quotes that will give an idea what the average broker will ask for as payment.
3) Choosing a Dealer: The dealer who sells the driver coverage gets a much better deal on the policy when they buy it from the factory. It's best to assume, when bargaining with the salesman, that he got it for as much as half of what he is asking. While he will try to get full price, it's important to always offer a low price and not to be concerned with low balling. Offer half of what the coverage is priced at, and be willing to split the difference and pay an amount somewhere in the middle.
4) Calculating Timing: This depends on the driver's financial situations. Some people prefer to buy the extended auto warranty when they buy the car, meaning that it becomes a small monthly payment. Other people don't mind paying in one large lump sum that starts several years after the car was purchased.