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Nov 12, 2011

Are Extended Car Warranty Service Contracts a Rip-off?

If you do not acquire your extended car warranty service contract wisely, it could finish up becoming a complete rip-off. So depending on where you acquire it from, you could end up paying hundreds or even thousands extra than you genuinely have to. The rip-off honestly comes from dealerships who sell extended warranties to car buyers. The dealership basically gets a quote from one of the extended warranty suppliers they're connected with and then hike up the cost by hundreds to thousands of dollars in order to make a profit.

So instead of you paying a few hundred dollars, you finish up paying a few thousand dollars. This form of rip-off is more popular than you may perhaps feel. A lot of unsuspecting auto buyers and auto owners believe that they have to invest in an extended auto warranty service contract from the dealer. Those buying cars are produced to believe that they have to pick one appropriate away and that it should be one of the dealer's warranties. They aren't informed that they are able to acquire an extended automobile warranty directly from the business, skipping the middleman.

Obtaining an extended auto warranty service contract does not have to be a rip-off, unless of course if you let it. It is imperative that you do your homework on extended warranty contracts and deal directly with the warranty providers yourself. You can get a lot of extended warranty companies via the internet, but watch out for the scammers lurking about. Use comparison websites to get a list of firms and their rates and coverage particulars. Then prior to deciding on any of them, do a background check on the individual firm to see what you can come across about them. Also, watch out for telemarketers that are calling car owners and telling them they have 1 last chance to purchase an extended warranty for their auto. This is entirely untrue, so do not get caught up in that scam.

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