best places to buy gap insurance and extended warranty for new cars?
either online or in the real world, where is the best place to purchase gap insurance and extended warranty on a new car? i would like to get rate quotes from different places and choose from the best ones. i hear the ones the dealerships offer are too expensive and give them a chance to adujst the overall price of the car in their favor?
Public Comments
- Internet,never dealer.You can save thousands.
- The dealer may be more expensive in some cases, but what you are buying is peace of mind. Each manufacturer offers their own service contracts and Gap. You can always trust a manufacturer plan vs. aftermarket. The thing you will want to make sure is that you get an exclusionary warranty. This means that there is a paragraph disclosing what is not covered while everything else is covered vs. a named component plan that is specifically naming the only components covered. Aftermarket companies are not always excepted at service facilities, and sometimes require a claims adjuster to inspect the vehicle which can take time depending on distance and availability. Make sure the Gap company is covering 150% of NADA retail like it has from it's inception. Some companies are only covering 125%. If your insurance company is offering total loss protection or guaranteed replacement, watch for limitations such as capped amounts over NADA retail or time limits. So, the question is not how much it is, but what do you think the value of knowing that whatever goes wrong with your car will be covered with the exception of normal wear items and maintenance, and if you total it it will be paid off? If you want exact pricing, call the dealer where you purchased the car. Make sure you are dealing with manufacturer plans and Gap companies with the right coverages, and compare with other dealers with the same products. Good luck!
