[Fredslist] Auto warranty

[Gil Effron]

 From someone in the business...

I have a long-time client in Florida that develops the warranties that  
dealers sell. My client does not sell these directly to consumers. He  
works through 230 agents throughout the country. These agents sell to  
dealerships.

I just finished a call with one of the principals and asked what  
advice he had. Here it is in a nutshell:

1. Do not buy something online. Do not buy from a telemarketer. These  
constitute the majority of scam programs.

2. The very best strategy is to return to the dealership where you  
purchased the vehicle -- or visit a franchised dealership where you  
intend to have it serviced. In other words, if you drive a Ford, go to  
a Ford dealer. Ask the Ford dealer to help you purchase and obtain the  
right warranty program for you. Make your deal there. They have a hard  
time abandoning you if you have a problem with a warranty claim.

3. Make sure you know not only the terms of the contract, but also the  
name of the insurance company that's backing the warranty. The  
dealership can provide you a rating for the insurance company. Look  
for A rated.

4. Question the claims procedures and understand all exclusions (what  
isn't covered).

5. Extended warranties can become quite expensive. Make sure you plan  
to keep the car. The majority of plans are not transferrable... but  
ask. It could help you if you ultimately sell the vehicle to a private  
party and the vehicles comes with the balance of your extended warranty.

Hope this helps. gil


Gil Effron
Strategies For Growth
315 Madison Avenue, Suite 901
New York, NY 10017

gil at strategiesforgrowth.net
800-226-2428 or 347-920-3272
Fax: 877-805-8037
Mobile: 914-414-9245

Don't Just WATCH THE GAP, Eliminate It!

www.linkedin.com/in/gileffron




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