Extended Auto Warranty Quotes Online
In this section we'll show you how to find reputable auto warranty companies online and how to request free no-obligation price quotes on any new or used car.
You will be able to use these quotes to comparison shop and give yourself leverage while negotiating an extended warranty price with a car dealership.
You must be careful when selecting warranty coverage for your vehicle. Many of the online companies out there are nothing more than a scam.
These unethical companies will over-charge you for cheap coverage and never pay off when it comes time to cover a needed repair.
One misconception most people have is believing they must buy an extended warranty at the time they purchase a car. This is not true, You can read more about this and more below.
In this section:
The Cheapest Warranty May not be the Best Coverage
One of the biggest mistakes people make is buying an extended car warranty based on price alone. Just because a warranty is cheaper does not necessarily mean it's the best warranty for you.
Purchasing a cheap policy from a fly-by-night company may save you a little bit of money now, but may end up costing you plenty when you have to file a claim in the future. Some of these companies may not still be in business for you to file a claim with.
How Warranty Providers Offer a Cheaper Price:
- Exclude certain vital coverage's
- Make excuses to not pay a warranty claim
- Make you pay for the repair upfront before making a claim
- Include per repair item deductibles
When you call the customer service line to some of these "cheaper" companies you get a rude customer service rep ready to give you the fight of your life if they answer the phone at all!
Some of these rogue warranty companies may call you on the phone, email you, send you a cheap post card, or an official looking letter in the mail offering cheap coverage. You must be careful with these types of companies and review them thoroughly. We advise to avoid them altogether.
When a warranty provider sells their extended service contracts too cheap and the customer claims start to roll in, something has to happen. The first thing the warranty company does is make up excuses to deny or reject your repair claims over minor technical issues, this is the only way for the company to stay afloat.
Always do research before buying coverage from a warranty provider. Check to see if there's any information about the company with the Better Business Bureau, Web Assured and/or the Vehicle Protection Association.
The companies AutoCheatSheet.com recommends have a long standing history and are listed with one or more of the companies above. If there's no information about the warranty company with these sites, their policies are most likely not worth the paper they're printed on.
"Select the right coverage for your driving needs"
When selecting a warranty, make sure you get the coverage that meets your individual driving needs. You will also want to select the coverage that's important to you, but don't over-spend by selecting coverage that you will never need.
Read my section on Questions to Ask Before Buying an Extended Auto Warranty.
How Much Does a Dealer Markup a Warranty?
Car dealerships make large profits when selling extended warranties to car buyers. A policy that costs a dealer $800 can be marked up to a retail price of $2,500 or more, that's a profit of $1,700 from the sale of just one extended warranty.
Let's say a dealership sells 300 cars a month and only half (150) of those people bought an extended warranty. Now let's be conservative and say each customer only paid $2,000 per warranty. 150 X $1,200 (profit) = $180,000 in just one month on warranty sales. Not a bad month for that dealer.
I'm not faulting the dealer for making money, that's why they do what they do. I just want to give you an idea of why you should explore all your alternatives when it comes to buying an extended warranty from a car dealership.
How an Auto Warranties Cost will Affect Your Payment
Our advice is to not roll the cost of a warranty into your car loan. If you have the means to pay for your extended warranty separate, do it. We understand that some people are unable to pay for it separate. If you're unable to pay cash for it, you may want to use a low interest credit card.
If you qualify for a subvented rate such as 1.9% you may want to roll it in to your car loan. Just be sure you read everything. But again, our advice is to pay cash for it or put that amount of money down on top of what you're already putting down towards the vehicle.
Your goal is to not over-pay for the car warranty. Depending on the total price you pay for your extended service contract will determine how much you will add to your car loan payment.
Below is an example of the amount of money that will be added to your monthly payment if you roll your extended warranty into a 60 month car loan at a 5% annual interest rate (APR).
How an Extended Warranty Affects Your Payment
|Warranty Cost||Interest Rate||Added to Payment||Total Warranty Price|
Rolling your extended warranty into a car loan at 5% interest or more will tack on even more in interest charges over a 60 month term. Online warranty companies such as CARCHEX have payment options at 0% interest and can be spread out up to 12 months so you don't have to pay the high interest rates dealers charge you. When shopping extended warranties, take your time, prepare yourself and comparison shop to save yourself some money.
Do You Have to Buy a Warranty at the Dealer?
Car dealers want you to believe you must buy an extended warranty from them at the time you take delivery of your vehicle. Some finance managers may tell you if you want a warranty, you must buy it now.
This can't be further from the truth, you can buy an extended car warranty anytime from anyone you'd like. The only reason they want you to buy one now is so you will roll it into your car loan.
Never let a car dealer tell you that you must buy an extended warranty before you will be approved for a car loan.
Some unethical finance managers may tell you they can get you a better interest rate or not able to get you approved for a car loan unless you purchase an extended warranty or other back end products. This is illegal and a common car buying scam.
To read more about the forced extended car warranty scam here >>
Buy Extended Warranties Direct From the Source
Most online automotive extended warranties are cheaper and more affordable than what car dealers charge. Also the warranties these companies offer are more comprehensive, provide a higher level of protection and include more benefits than what a dealer has to offer.
We recommend using third party extended warranty companies such as CARCHEX and Endurance Vehicle Protection. These companies provide you with an extended warranty, legally named extended service contract, with equal or better coverage at a lot cheaper price than what a dealer will charge you.
These companies will also allow you to submit your vehicle's information to receive free, no-obligation warranty price quotes. No games, no gimmicks, just straight up coverage options from top administrators within the industry so you can decide on which coverage is best for you. You can use these free quotes to leverage yourself when negotiating a warranty with a dealership.
Why we like CARCHEX and Endurance Vehicle Protection? Simple, these companies have been in the business for a very long time, they're backed by large reputable insurance providers, and have some of the greatest benefits to our readers. Here are just a few:
- No risk 30 day money back guarantee so you can take your time and look the plan over with your spouse or loved one.
- Provide you with free, no-obligation price quotes online.
- Accredited by the Better Business Bureau.
- Pay for repairs upfront instead of reimbursing you later.
- Allow you to choose your own licensed repair facility instead of having to go to a dealer or selected repair facility.
- Commitment to providing the customer outstanding customer service.
- Towing benefits, emergency roadside assistance, rental car benefits and trip interruption benefits are available with some coverage.
How to Get Extended Warranty Quotes Online
It's very easy to request new and used car extended warranty quotes from the companies we recommend. You can take advantage of these free; no-obligation quotes to comparison shop and use them as leverage when negotiating the price of an extended warranty while at a car dealership.
"Competition Will Always Get You The Best Price"
I've provided a direct link to each extended warranty company we recommend below. Click on each companies link and it will take you to their trusted website. You will be asked to fill out a little information about yourself and the vehicle you're requesting a warranty price quote on.
Make sure you provide your entire email address when submitting a quote (example. email@example.com) Submit your information and you will have your free warranty quotes and coverage options on your computer immediately. If you don't receive an email immediately, you probably entered something wrong, just try again.
Recommended Extended Warranty Companies
CARCHEX is one of only a few extended auto warranty companies to earn an A+ rating over its competitors and is also accredited with the Better Business Bureau.
Endurance Vehicle Protection offers a 30 day money-back guarantee. Their expertise and mass buying power insures you get the right coverage at the right price.
After you receive your quotes, review them and pick the best one that fits your driving needs. If you're having a hard time making a decision or need help selecting which coverage is right for you. Contact a customer service representative for each company and/or read our section on the extended warranty selection process.
Remember, it's not necessarily the cheapest priced warranty coverage that's right for you; you'll want to find the best value for the money. Once you pick the plan that's right for you, print it out and keep it with you for when you visit the dealership.
You can use your quotes as leverage to negotiate an even better price when dealing with the dealerships finance department. If the dealer won't come down on the price of their products, just go with the one with the best protection that fits your driving needs.
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My Recommended Sites for Car Shopping
CARCHEX and Endurance Vehicle Protection are the quickest way to see what an extended warranty will cost you for the vehicle you're buying. These online sites will provide you with free, no-obligation quotes and the prices are normally pretty good. You can also use these quotes to negotiate an even better price with a dealership.
Share Your Tips - If you have any tips on how to find free extended warranty quotes that will help other car buyers save money. Please tell us about it in the comments below, so we can share it with everyone.