BlogSpot.PK|The General Purpose Blog

extended warranty coverage

“I estimate that the WCPSOnline website has helped us to be over 40 percent more efficient over the last two years,” explains Warrantech VP Link Wiley. “But it is not just about cutting our costs. The cycle of authorization, repair and payment is shorter, so service centers save time as well. Essentially, the customer gets faster service, the service centers get paid quicker and we are able to keep the pricing of our warranty plans competitive.” By modernizing their operations, this highly esteemed warranty company is able to improve customer satisfaction through process efficiency. They work with dealerships to offer new car warranties, but they’re also marketing to people who are looking to extend their used car warranties as well.

The most popular plan offered by Warrantech is the Repairmaster. The “Powertrain Coverage” plan includes the engine, turbocharger, transmission, drive axle and transfer case components. Or you may choose the “Select Coverage,” which includes all powertrain components, as well as electrical, steering, air conditioning and brake components. The third plan offered is the “Deluxe Coverage,” giving you everything in the Select Plan, plus cooling, front/rear suspension, fuel delivery and enhanced electrical components.

There are also optional surcharged plans to accommodate vehicles that get a lot of wear and tear. For example, the Commercial Use plan, the Seals and Gaskets plan (for vehicles with over 80,000 miles), the Enhanced Electrical plan and the Conversion coverage plan (for recreational vehicles). With all plans, you’ll receive travel/towing bonuses.

Warrantech first began in 1983 when Joel San Antonio and William Tweed switched from the women’s apparel industry to the consumer services world. Though they offered warranties on all sorts of electronics, homes and other areas, it was the automobile industry that brought them the most fortune. They had a large number of BMW clients, particularly, and fulfilled an important niche for people with older cars who were having trouble finding extended warranty coverage. Following an aggressive sales campaign in the early 90s, Warrantech went from $6.2 million in sales to $30 million in just two years time! Now the warranty company has branched out into quite the successful conglomerate over the years, with service offerings in the US, Canada, Puerto Rico and Latin America, and annual sales reaching $121 million!

If you’ve looked at the Warrantech page and weren’t impressed by the offerings or the company legacy, then there are many other sites to try for an extended warranty quote. Warranty Direct and the National Warranty Corporation are two other highly praised, competitive companies you can check. One important thing to remember is that you can often get a better deal shopping around on the internet, rather than going through the dealership with its retail markup.

used car warranties

When consumers shop around for a pre-owned car deal, they may wonder what the difference is between a traditional automobile warranty and extended warranty service. A traditional warranty, or “manufacturer’s warranty,” as it’s sometimes dubbed, is included in the purchase price of the vehicle. These warranties vary greatly between makes and models, ranging from 3 year/36,000 mile warranties to 7 year/100,000 mile warranties. Also, not all used cars come with manufacturer warranties attached. Extended warranty coverage is purchased through a third party at a separate price. Here, consumers will come up against different options and levels of coverage, so it’s important that they do their research before arriving at the car dealership. Checking the internet for an extended warranty quote or two is probably a good idea.

First, consumers should check to find out who is backing the extended warranty service. Is it an independent company or the vehicle manufacturer? Generally, manufacturer-based used car warranties are ideal, known for the easy-to-use guarantee. With an after-market extended car warranty, the owner will need to read the stipulations to ensure that everything is covered.

For example, some companies require that owners call before the work is done. Some companies require regular oil changes and fluid top-ups for work to be covered. Depending on the arrangement, sometimes the company pays the auto mechanic directly, whereas other times the warranty company pays the car owner back later. Reading and understanding the agreement is crucial in preventing unpaid claims.

Secondly, consumers should ask if there is a deductible. For some people, paying a fixed amount per visit or per repair is a relief. For others, this deductible may still run up a hefty bill that is unacceptable. Sometimes, an extended warranty program will have a “per visit” deductible, which is one payment per shop, no matter how many parts are repaired. By contrast, a “per repair” deductible applies to each and every serviced part. While a “$100 deductible” sounds like small potatoes, it could add up if the fine print says it’s a “per repair” deductible. After getting an air conditioner, fuel pump and alternator repaired, suddenly a $300 bill may appear. The extended warranty service contract should be looked at carefully. Many warranties have a 30 to 60 day money back guarantee, so some consumers purchase it and have their lawyers look over it later to be sure it’s fair.

Lastly, some extended warranty service covers bonus travel expenses, which is a good perk for heavy drivers or those who frequently use their car for out-of-town or out-of-state trips. If customers pop a tire, lock their keys in the car or have a dead battery, then a mechanic will come out and fix the problem at no extra cost. In some cases, hotel rooms, meal expenses, towing fees and rental cars may also be covered. AAA-style trip routing is also available under some extended warranty plans. While it may not “make or break” the deal, per say, it’s still a good feature to be aware of, if the need ever arises. After all, peace of mind is what drives most people to purchase extended warranty service in the first place.