Used-Car-Warranty.com Blog

Car Dealership Customer Doesn't Trust Them to Cancel His Extended Warranty and GAP Insurance!

2007-09-14T13:44:00.000-05:00

Tony,

When I cancel my extended warranty and GAP insurance where does the refund go? I have a loan on the car, so does the bank get the refund? Shouldn't the refund come off the "amount financed" so I would owe less, or are they messing with the numbers and I'm actually paying the same?

John

Hi John,

The refunds will go directly to your bank where the vehicle is financed. The loan contract and the payments will not change, but the total amount you owe will change as the refunds will be taken off the end of the loan. So if you make it to the end of the loan you will have fewer payments to make, or if you pay the loan off early the refunds will be reflected in the actual payoff.
The key is making sure the car dealer processes the refunds right away. Click here to read full question and answer.

Tony Iorio

http://www.insidercarsecrets.com/
http://www.car-loan-quotes.com/
http://www.used-car-warranty.com/
http://www.greatcreditcarddeals.com/

Car Customer Wants to Buy Used Honda Accord for Cash, but Car Dealer Won't Take It!

2007-09-11T12:19:00.000-05:00

Hi Tony,

I'm trying to buy a used Honda Accord, but I'm running into car dealers who won't take me serious unless I finance through them. I want to pay cash! What am I doing wrong?

Lynn

Hi Lynn,

Car dealers do make a lot of money arranging financing for their customers, but this is the first time I've ever heard of a car dealer letting a deal slip through their hands because you want to pay cash. How stupid is that?

The next dealer you go to simply tell them you're paying cash and that's all there is to it. Tell them to just tell you the price of the car. Tell them not to worry about financing or a trade. They will try to convert you to financing, but as long as you stick to your guns they'll get the point. Click here to read the full question and answer.

Tony Iorio
http://www.insidercarsecrets.com/
http://www.car-loan-quotes.com/
http://www.used-car-warranty.com/
http://www.greatcreditcarddeals.com/

Car Dealership Responsible for Damage To Car, but They Won't Own Up!

2007-07-09T13:50:00.000-05:00

Dear Tony,

My daughter took her truck to a dealership for repair, and it was left there. While there over the week-end they parked it outside. Monday morning they reported vehicles broken into and damaged. Hers was one of them.

Now they are telling her she has to turn in a claim to her own insurance company. Her insurance company says, No the dealer is responsible for repairs. Today I talked to her and she say now they claim she signed a waiver . . . I told her she better ask to see that!

What would your advice be? My daughter is not rich. She was so relieved to hear that the problem with her truck would be covered by her extended warranty. Now she has this to deal with.

I don’t know if laws are different in other states but I believe they are pulling fast one!

Thank you,

Karen H.

Hi Karen,

I really don't know what the legalities are here, but you would sure think the dealership would go out of its way to take care of its own customers. If your daughter did in fact sign a waiver (which I'm sure wasn't explained to her if she did sign it) and the dealership insurance company isn't responsible as a result then I don't see why her own insurance company won't cover it. If she can't get somebody to cover this she may have to talk to an attorney.

Good luck . . .

Tony Iorio

http://www.used-car-warranty.com
http://www.insidercarsecrets.com/
http://www.car-loan-quotes.com/
http://www.greatcreditcarddeals.com/

Announcing My New Website at GreatCreditCardDeals.com

2007-05-22T10:02:00.000-05:00

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

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

2007-05-14T09:51:00.000-05:00

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
http://www.used-car-warranty.com
http://www.car-loan-quotes.com
http://www.living-wills-online.com
http://www.asthma-resources-online.com
http://www.tvdishsystem.com

Another Warranty Company Bites the Dust!

2007-05-11T13:20:00.000-05:00

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 .

Advantages of Having an Extended Warranty on Your Vehicle if You Decide to Sell or Trade It!

2007-04-30T14:40:00.000-05:00

If you have an extended warranty on your vehicle it can enhance the value of your vehicle if you decide to sell it.

Most extended warranties are transferable if you sell your vehicle. There is usually a small fee you must pay to transfer the balance of a warranty to the next owner, but the increased value of the vehicle is more than worth the fee.

You can even ask the new owner to pay the fee.

If you decide to trade your vehicle in to a car dealer you can't transfer the warranty, but you can cancel it and get back a portion of the original cost.

All things considered having an extended warranty on your vehicle is a very smart move, because the warranty will give you mechanical breakdown coverage in the event something goes wrong, and if you decide to sell or trade your vehicle you can recoup at least part of your original investment.

Sounds like a Win - Win situation to me!

Tony Iorio
http://www.insidercarsecrets.com
http://www.used-car-warranty.com
http://www.car-loan-quotes.com

Car Dealer Sold Wrecked Used Car Then Denied It!

2007-02-12T13:27:00.000-05:00

Hi,

I bought a used '02 Honda Accord Ex. I now know that the car was in a bad wreck even though the salesman said it hadn't. Can I legally demand to be reimbursed all of my money?

Answer:

Since you lived in and bought the car in Florida the transaction would be subject to their state laws.

If the repair is as noticeable as you say I don't see how a Used Car Manager could possibly miss such damage during the appraisal process. These people are pros, and they are trained to spot this type of damage, because it directly affects the value of the vehicle.

For the full question and answer go to: http://www.insidercarsecrets.com/wrecked-used-question2.html

Just How Reliable Are Independant Extended Auto Warranty Companies?

2007-02-05T13:06:00.000-05:00

A web site visitor asks: "What is your opinion on independent extended auto warranty companies? "

I've sold extended warranties as an Finance and Insurance Manager in several different car dealerships for about 15 years. I've seen all kinds of warranty companies come and go.

Most car dealerships sell extended warranties from independent companies as well as extended auto warranties from the car manufacturers themselves. I always sold mostly independent as opposed to manufacturer's warranties mainly due to cost. The latter usually cost substantially more.

By law, all warranty companies are required to have an insurance company back them up . . . For the rest of the story please visit: http://www.insidercarsecrets.com/extended-auto-warranty-question.html

Extended Auto Warranty Refunds - How They Are Calculated?

2007-02-01T13:52:00.000-05:00

A web site visitor asks: "How do they determine the amount a person gets back from Extended Auto Warranty and GAP Insurance refunds?"

For my illuminating "insider" answer to this question go to: http://www.insidercarsecrets.com/warranty-refund-question.html

Here is a Car Dealer Who is Still Using the "Little Old Lady" Ploy!

2007-01-30T13:40:00.000-05:00

A car dealer is asking twice the value of a four year old car that has only 14,000 miles on it. They say it was traded by a "Little Old Lady!" The idea is that this somehow makes the car more valuable!

Read the full story at: http://www.insidercarsecrets.com/used-car-question3.html

Is It Possible To Return a Car Once the Financing Contract is Signed?

2007-01-29T10:23:00.000-05:00

A visitor to my web site asks the following question:

"I bought a used van 10 days ago. My credit is not very good so my interest rate is very high. Can I just give them the van back and get out of the deal? "

You can read all the details and my illuminating answer at: http://www.insidercarsecrets.com/return-car-question.html

Remember, an extended auto warranty is very important on a used vehicle. Get free price quotes at:
Car Warranty Provider and
Warranty Direct

How to Get a Car When Financing Isn't an Option

2007-01-24T17:40:00.000-05:00

Consumer asks question about how to get a good used car without being able to get financed.

It is very possible to get a good running, serviceable car for a small sum of cash; one that could provide several years of reliable use.

Read the complete question and answer here: http://www.insidercarsecrets.com/used-car-question2.html

Car Dealer Ripps-Off Customer on Extended Auto Warranty Transfer

2007-01-23T11:27:00.000-05:00

This car dealer sold a customer a truck with an extended auto warranty, then less than a year later traded him into a different truck and told him they were transferring the old extended warranty to the new truck . . . for $1,495! The same price he paid for the warranty on the first truck.

So, in less than a year he has paid $2,990 for two extended auto warranties, and they told him they simply transferred the warranty.

In reality, you can't transfer an extended auto warranty to a different vehicle, only to a different owner, and he should have been given a refund on the unused portion of the first warranty before they sold (and that's what they did) him a new warranty.

Read the full story at: http://www.insidercarsecrets.com/warranty-transfer-question2.html

It's unbelievable the crap that some car dealers will pull!

What Do You Do If You Find Out the Car You Just Bought From a Car Dealer Was Wrecked?

2007-01-22T13:48:00.000-05:00

A couple found out that the car they bought from a car dealer had been wrecked, and the car dealer never disclosed this to them.

Read what they are doing about it and what the car dealer is doing to remedy the situation.

Read more at: http://www.insidercarsecrets.com/undisclosed-accident.html

44,000 US Traffic Deaths in 2006 Alone!

2007-01-20T14:27:00.000-05:00

About 44,000 people have died in traffic accidents in the US in 2006. amazingly, this story is virtually ignored by the press.

Everyday the press is too happy to tell us that we have lost 3,000 soldiers in the Iraq war so far, but no one even mentions that 44,000 people lost their lives in traffic accidents in the United States in 2006 alone.

That's in just one year!

Auto deaths are the leading cause of death for all people ages 3 to 33. Traffic accidents are the cause of over 2 million non-fatal dismemberments, disfigurements and other injuries.

There are no easy solutions to this problem. You can only make vehicles so safe. Ultimately it comes down to the driver's ability to avoid accidents through the use of defensive driving skills.

You can read more about some of these common sense defensive driving skills at: http://www.insidercarsecrets.com/defensive_driving.html

Service Contract Provider WPC Associates Under Investigation

2007-01-19T11:18:00.000-05:00

Service contract provider WPC Associates may have disappeared with an alleged two million dollars in assets. The company is under investigation by the PA Attorney General's Office.

WPC ceased operations August 25, 2006 to avoid bankruptcy proceedings. As of December 21, 2006 they had not filed in PA. Their alleged assets are still unaccounted for.

The PA Attorney General is urging anyone left with a worthless service contract to file a complaint. WPC had been selling some service contracts without underwriting them.

They would likely be forced by regulators to pay their creditors and remaining claims first. It is however, unlikely that WPC's creditors and contract holders will receive what they are owed.

Unfortunately, these stories are much too common. An extended auto warranty is a good investment providing you hook up with a stable, legitimate company. Use due diligence when purchasing a service contract.

(Source: Fixed Ops Management Weekly)

Tony Iorio
http://www.insidercarsecrets.com

Car Dealer Lies to Customer to Get Him to Buy a Lemon!

2007-01-18T13:28:00.000-05:00

Here's a car dealer Horror Story of how the car dealer deliberately withheld vital service records on a problem vehicle just so they could sell it to this poor unsuspecting customer!

It never ceases to amaze me the lengths some car dealers will go to in order to make a quick sale . . . consequences be dammed!

You can read this story at: http://www.insidercarsecrets.com/horror-story30.html

Tony Iorio