http://www.theconsumerlawgroup.com/ When shopping for a used or new car in Virginia, you may often be presented with the option to purchase aftermarket products such as an extended warranty or gap insurance. Watch this video to find out what you should know when it comes to extended warranties.
After shopping for a car and deciding upon a price, you will make your way into the finance manager’s office. In the F&I department at the dealership you will be asked if you want to purchase an extended warranty, gap insurance, or another add on protection. It is important to realize that the dealers pay considerably less for these items and charge customers more. For example, a dealer may purchase an extended warranty for $200 but charge the customer a price of $750 to $2,000.
It is important to know that auto dealers make a lot of money in this department, so you need to be very careful in the finance manager’s office. Every dealership will offer you additional items, but The Consumer Law Group doesn’t recommend spending your money on an extended warranty if you are purchasing a high-quality car like a Honda. For questions you may have about this topic, feel free to call us at 804-282-7900 or contact us online at http://www.theconsumerlawgroup.com/contact.cfm.
