Canadian Personal Finance Blog

Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View
May 30th, 2005

Warranties (Part ii)

I can’t really comment too well about car warranties (although, if your car comes with a long warranty, I like it, because if you are paying off the car, you won’t have to say, replace your engine as well). Again, I would look at web sites like the Lemon-Aid web site and check out the yearly books as well (very useful if you are buying a used car as well (take them out of your library?)).

I bought an extended warranty on my ‘95 Plymouth Voyager (it was 2 years old when I got it in 1997) and the warranty cost $900. I had a head gasket job, repaired the Air Conditioner and 1 other big jobs, so in that case the warranty did pay for itself (a few times over). This was not the manufacturers warranty it was a third party warranty. If you trust your mechanic (and I trust mine) ask him whether you should pay for extended warranties on your used car (or maybe your mechanic will selll you one himself). Ask people who you trust whether they think it is a good idea, and make your decision in an informed fashion (as you should with all decision on anything monetarily over $10). Ask yourself, am I buying VALUE here? (as you should with all major purchases).

Tomorrow, Electronic Component Warranties — C8j

More on this topic (What's this?) Read more on Verifone Holdings at Wikinvest

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2 Responses to “Warranties (Part ii)”

  1. firefights resources Says:
    August 4th, 2006 at 10:02 am

    Hi!
    I quite like your blog. I have a site of my own, on car extended warranties, that is related to your blog, so I hope you will visit and tell me what you think.

  2. Here to Help - Information You Need Says:
    August 10th, 2006 at 11:39 pm

    My site is much more comprehensive and has lots more up-to-date information regarding extended car warranties you will want to read up on. For the best and most up to date information on car extended warranty, come to http://www.carextendedwarrantysite.com .

    Getting The Car Warranty That Suits You
    most vehicle owners want the coverage and protection of a car extended warranty, yet they don’t know the complications of their contracts and end up unhappy with a guarantee that doesn’t cover everything when repairs start adding up. The repairs on your automobile that start as soon as your warranty is expired isn’t actually a coincidence. A car extended warranty that will cover your vehicle considerably is very crucial if you don’t want to waste money for every little problem.

    if you get a drawn-out extended warranty for your car, you’ll sleep better knowing that should anything go wrong it can be repaired. Not to mention that you will have the repair shop that you need and the company you drafted your contract with will pay for the cost. Due to normal and more taxing driving, it is undeniable that automotive parts will erode, damage will be caused from the heat, and components that once worked will no longer be in working order. A complete car warranty will keep you from panicking if something happens to your vehicle, plus, you’re able to think about other things than if you have the cash to have your vehicle in the shop.

    If you would like to read the rest of the article and many more about car extended warranty, come to http://www.carextendedwarrantysite.com .

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