Not so sure on the spelling of Whoey. But one thing I am sure of is
Extended Warranties are a good investment. Just think about for a moment. You just bought a new car and your payments are at your limit. What happens if you need to repair your car? Can you afford your payment plus?????
It would be safe to say that you car will be in “the shop” at least one full day during your ownership, right? The average Technician works an 8 hour day. Assuming the labor rate is $85.00 per hour we are talking $680 in labor alone. Add to that shop fees and part pricing and I am sure you’ll see that the warranty has more than paid for itself in just one visit.
Just be sure to ask these key questions to your Business Manager before signing on the dotted line:
1.) Is the warranty a Powertrain only or does it include most of the major components of the car as well?
2.) Is the warranty from the manufacturer (i.e. Subaru, Ford, Dodge)? If not, is it from a reputable aftermarket company that will be accepted at most other dealers?
Note: If the warranty is a dealer warranty, only good at their dealership, and that dealer goes out of business then you are out of luck…buyer beware of this tactic.
3.) Does the warranty have any added benefits to you. Does it add any kind of tire protection, rental coverages, or Roadside assistance Programs?
Believe it or not, the Business Manager does have some great products to offer. Just make sure that they fit properly into your lifestyle. It’s always a good idea to look into all of the options you have to protect yourself and your loan.
