Monday, March 10, 2008

Buying a Warranty for Used Cars - Part #1

Just snapped up a great used car and thinking about purchasing an extended warranty?

Proceed with caution. Extended warranties are enormous moneymakers for dealerships. That's why they are so likely to use their best "strong-arm" tactics to pressure you buy one. One wrong move could cost you hundreds, even thousands of dollars.

Also, be aware that some dealers may try to sell you a dealer warranty instead of a manufacturer's warranty. Often with a dealer warranty, all the repairs and services on the car have to be done at a single dealership, theirs. So, if you have car problems while traveling out of town, you may be out of luck. Therefore many feel it's best to steer clear of dealer warranties.

Stay tuned for Part #2 of "Buying a Warranty for Used Cars"

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