| It's amazing how many people get ripped off after | | | | like a Lexus, Honda, or Toyota because extended |
| they have already closed the deal. You have the car | | | | warranties rarely cover the costs incurred in cars that |
| you want, you got the price you're happy with and | | | | are closer to the present time of purchase. You will |
| then it happens. They get you on the extras and the | | | | also want to get a warranty that is effective |
| warranties at that point and they can actually suck | | | | immediately. You will also want to get a warranty |
| another $1000 to $4000 cash or another $100 to | | | | with a well established finance company and not one |
| $200 a month. The extras are things like rust | | | | that go belly up in a year. Don't purchase an |
| proofing, scotch guarding etc. It seems pretty | | | | extended warranty directly from the dealer. Instead |
| straight forward but you would be surprised at how | | | | look at sites on for an online warranty because being |
| many people get taken on these. What's really | | | | online gives you all the time to asses your warranty |
| amazing is that you get scammed on a car and say, | | | | properly. Keep a close eye out for your deductibles |
| "that's not going to happen again!" Then 3 years later, | | | | because you don't want to get stuck paying for |
| Bam, what the f...... just happened??? The trickiest | | | | deductibles that you thought were covered by the |
| closing cost scam is the extended warranty because | | | | warranty. The following chart shows some of the |
| the language used is so confusing. This is not even | | | | extras that dealers try to get you on at closing. This |
| the warranty that the factory gives you for the car. | | | | can be very irritating how they try to weasel even |
| It is a warranty that covers the cost of fixing the | | | | more money out of you in the end on stuff that you |
| car should it break down on you. To get around this, | | | | really don't need at all. I mean, you already paid a |
| you have to know the dealer's language and you | | | | chunk of hard earned cash, but they see it as, what's |
| should really get this part down. Now although | | | | another $2000 or $3000? Of course, when you hear |
| extended warranties often do cover any repairs that | | | | them explain the extras, they will all sound like you |
| you require during your coverage period, there is | | | | need them NOW. It's bad enough that they will |
| often some information that you are not told about. | | | | throw them up at you but look at this table to show |
| For example, the extended warranty is usually | | | | how much they are really ripping you off by. Most |
| effective only up to a certain amount of mileage or | | | | Common Extras at Closing Description Rust proofing |
| term period; whichever happens first. Make sure you | | | | -- Your price $800 -- Dealers costs $40 Extended |
| have all the details on the terms if you decide to | | | | warranty -- Your price $1200 -- Dealers costs $300 |
| take on the extra auto coverage. The warranty | | | | Scotch guard -- Your price $300 -- Dealers costs $5 |
| might also only cover certain types of problems. If | | | | Car alarm -- Your price $400 -- Dealers costs $100 |
| your extended warranty doesn't cover every part of | | | | Paint sealant -- Your price $300 -- Dealers costs $10 |
| your car, why bother? It will cost you so make sure | | | | Credit/insurance costs -- Your price $200 -- Dealers |
| it's worth it for you. Some extended warranties don't | | | | costs $30 Detailing, pin striping -- Your price $299 -- |
| cover the larger engine problems or certain power | | | | Dealers costs $30 Total of extras -- Your price |
| train issues, but just cover the smaller issues. If your | | | | $3499 -- Dealers costs $515 Extra monthly payment |
| engine conks out, you may be left in the lurch. Don't | | | | -- Your price $97 -- Dealers costs $0 As you can see, |
| even bother considering buying an extended | | | | these extras when buying a car will get you in the |
| warranty if you are only leasing the car for a small | | | | end. If you can, you should avoid them all together. |
| time period like 36 months. Perhaps it is better only | | | | They are worth far more to the dealer than they |
| for longer periods of leasing like 60 months. Many | | | | are to you. Understand what you want and/or need |
| extended warranties don't cover everyday wear and | | | | and stick to your guns. |
| tear policies, only breakdown problems. If you do | | | | Get valuable tips and links for car buying, car quotes, |
| insist on getting an extended warranty, get one that | | | | car loans, car buying mistakes, car scams to avoid |
| covers you for both occurences. You will only really | | | | and so much more. |
| want to get a warranty on a more dependable car | | | | |