Tuesday, May 22, 2007

Announcing My New Website at GreatCreditCardDeals.com

I would like to announce that my latest website at www.GreatCreditCardDeals.com is now up and running.

This website offers you timely consumer information that will enable you to make wise decisions when choosing which credit cards are best for your particular needs without you being taken advantage of!

Whether you're a hard working person looking to
Establish Your Credit for the first time, or you're a Student in need of a credit card. Perhaps you already have a good credit rating and you're looking for Low Interest, Higher Credit Limit, Cash Back or Other Incentives. Even if you have Bad Credit and you're looking to re-establish your credit rating, you'll find all the credit card offers and related information you need right here on this web site.

We are part of a network of consumer oriented websites helping you to save money, time and aggravation, and helping you to avoid being ripped off and scammed by unscrupulous credit card companies.

Please visit this new website and please tell others about it.

Thank you . . .

Tony Iorio

Monday, May 14, 2007

Will I be able to buy an extended auto warranty on an 2003 BMW 325 Lemon Buy-Back I recently purchased?

Hello Tony,

I've been reading your site and it is great!

My husband purchased a Lemon Buy-Back 2003 BMW 325 convertible about 5 months ago. The price was about $6,000-$12,000 cheaper than used cars from other dealers.

At that time, I did not know what a lemon buy-back was. It was explained that the ignition coils were the problem and were replaced. More recently, I've been doing more research into this matter and am getting worried that we overpaid for the vehicle and that we may run into problems in the future.

So far, fortunately, there have been no problems with it at all. Now, I am looking into purchasing an extended auto warranty on the vehicle since the manufacturer's warranty will be expiring soon. Do you foresee any problems with warranty companies covering this vehicle?

Thanks in advance for all your help!

Best Regards,

Denise




Hi Denise,

Thanks Denise for your kind words regarding my website.

I don't see why there would be any problem getting an extended auto warranty for your BMW. They should cover it like any other car. Most Lemon Buy-Backs don't have any major defects. The manufacturers usually buy these cars back from the original owner in order to keep the customer satisfied more so than for any major defects the vehicle may have. Any car can have a minor mechanical problem such as yours did with the ignition coils.

In most of the cases there's never any problems after the repairs, but some people worry themselves to death. In these cases the factory will buy the car back to keep the customer from having a nervous breakdown rather than because the car has any defects!

The more the customer worries about the vehicle the less satisfied they are, and the manufacturers don't want dissatisfied customers out there.

All my very best...

Tony Iorio
http://www.insidercarsecrets.com
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Friday, May 11, 2007

Another Warranty Company Bites the Dust!

One of the largest aftermarket warranty providers has filed for bankruptcy, leaving warranty holders wondering who'll pay for repairs.

Automotive Professional's, Inc. bankruptcy has put thousands of vehicle warranties in limbo, reports the Houston Chronicle.

Automotive Professionals, Inc., one of the country's largest auto warranty claims companies, has suspended claims payments on 300,000 contracts sold nationwide, according to filings this week in Chicago bankruptcy court. According to the bankruptcy filings, Automotive Professionals began having serious financial problems in 2003 and 2004.

Six months ago, unpaid Automotive Professionals claims started piling up on car dealer balance sheets. Car dealerships will sometimes pick up the pieces after a service contract company or its insurer becomes insolvent, said Tim Meenan, General Counsel for the Service Contract Industry Council, which represents administrators and insurers.

This story was reported in
DealersEdge.com .