Whenever a person goes to the car showroom to buy a new car, the salesman tries to convince them to buy their extended warranties for cars. They try their best to convince the car owner to buy the extended car warranty. It is obvious that there is major difference between the extended car warranty and standard warranty. Here are few truths about extended car warranties.
Peace of mind: Most of the salesman tries to convince their customers by telling them that it will be a great benefit for you to buy the extended car warranty. Salesman warns the customers about the future circumstances which can happen anytime and can result in a huge loss. It will be a peace of mind if they will buy the extended car warranty because it will cover all the repair and loss expenses of the car. It is a better way of investment for the unseen circumstances. But this peace of mind can be very expensive for you because they sell the extended car warranty very costly.
Poor deal of all sorts: It is a poor deal of all sorts to buy the extended car warranty from the dealer or salesman whether for your car or for the electronic appliances. Most of the salesman memorize the written script and tell it to every customer to convince them. They are the frauds or scams who tell a lie to the people for a few bucks. But, many of the salesmen get successful in fooling the customers to buy the extended car warranty and they earn the commission from the company.
Illegal scheme: In most of the countries, it is illegal to sell the extended car warranty to customers forcefully. When you visit the car showroom, many salesmen and dealerships try to convince you to buy the extended warranty for your new car which already has its standard warranty. You can tell that you already know about the facts, laws and regulations about extended warranty that banks never force their customers to buy such kind of warranty or plans on the purchase of new car. So this is the better way not to get trapped by the salesman fraud. You can tell about the facts to the dealer and in this way their fraud ratio can be minimized. Most of dealers get the help from insurance managers to trap people.