Pat Goss' Tips & Expert Advice

Warranties Galore

When you buy your car from the dealership, the dealer will attempt to talk you into purchasing a new car warranty or used car warranty depending on the type of car you buy. Offering the service is advantageous to the dealership because it results in more profit, but this does not mean that buying the warranty from the dealership is to your advantage. It may seem as though buying the extended warranty from the dealership is the logical decision because it streamlines the process, but you might be paying entirely too much money if you go this route. If you apply for car financing through a bank or credit union, you may be offered an extended warranty through the financial institution, as well. Applying for financing can be stressful enough, so when the representative attempts to add the warranty to your loan you may be tempted to simply accept it in the hopes of making the application go through faster. Don't make this mistake. If you do your research and really take the time to compare warranties, you will find that CARCHEX.com has the best price for the best product.