Whats wrong with extended automobile warranties?
Absolutely nothing. In fact, given the expensive surprises used cars always pack under the hood, extended automobile warranty coverage is essential. The problem is that car dealers overcharge, often by as much as $1,000 It’s one of the biggest secrets of the used car industry. You can buy the same extended warranty the dealer will sell you for much less. Why? The dealer is simply buying the extended automobile warranties from a warranty company and marking the prices up. This is no small secret. Used car dealers are making an ever larger share of their money from selling extended automobile warranties. Unfortunately, when buying an automobile, extended warranty coverage is not a high priority for most consumers. That’s especially bad considering the average person knows even less about extended automobile warranty coverage than about automobiles.
