Sometimes called an "extended warranty", a service contract is a promise to perform (or pay for) certain repairs or services. Although technically not a "warranty" as defined by federal law, service contracts may be arranged at any time and always costs extra. Warranties, on the other hand, ONLY come with a new car and are included in the original price. Vehicle service contracts are popularly referred to as "extended auto warranties" or "extended warranties". Use of the term "extended warranty" or "warranty" on this site is intended to refer to vehicle service contracts and not manufacturer's warranties.
5/19/2010 10:40:21 PM
Rated 4.3. Votes: 4
Unfortunately, the automotive industry has gotten a bad name in terms of defrauding its customers. Whether it's a used car salesmen using misleading sales tactics or a mechanic overcharging for minor repairs, most people have had experience or heard stories of fraud in the auto industry.
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4/16/2010 2:30:45 PM
Rated 4.7. Votes: 3
Buying used over new may seem like a smart decision for a car shopper, particularly one affected by the economy. However, used cars may come with a number of hidden costs that can be prevented with the purchase of an extended warranty.
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