Monday, August 09, 2010

No Extended Warranty For You!

It’s true. Many extended warranty companies refuse to cover a number of well-known vehicles. For example, Land Rover (known for regular and costly repairs), Mercedes AMG ($20,000 engine) and some other high performance vehicles like the Mustang Cobra or the Dodge Stealth and Viper, are just a few examples.

If you do find a car warranty company that covers these cars, at anything close to regular prices, check them out very closely. The old adage, “If it sounds too good to be true, it probably is”, definitely applies here. Chances are they won't cover wear and tear failures and they'll do their best to get out of paying for any repairs. Instead, consider acting as your own warranty administrator. Just put some money into a savings account each month to help ease the pain when the time comes to repair that baby of yours.