I can't tell you how many times I've had customers come straight out of service and pay some outrageous bill only to come over to my office and buy an extended warranty.
In fact, I just recently had a customer who did just that. She paid a $2,500+ repair bill and then shelled out another $1,400 for an extended warranty. If she had bought the warranty before the breakdown, the warranty would have more than paid for itself.
I asked why she hadn't bought one when she bought the car and she said when she bought the car it still had some factory warranty remaining and she was going to buy one once she got close to running out of the factory warranty, but never got around to it.
The extended warranty would have cost her less had she bought it while the car still had factory coverage and she wouldn't have had to put the extended warranty on a to do list, which I've found most people don't ever "do" until it's too late.
If you are the type of customer that buys extended warranties (which I always think is a good idea), just do it at the time of sale. It's cheaper and you don't have to remember to do it later.
In the mean time...
Take care and beware,
J the Car Guy
Tuesday, August 12, 2008
Buy the extended warranty BEFORE the car breaksdown!!!
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