After talking with many car warranty customers over the years, here is one of the most common questions I am asked about:
“When I’m looking for a new car and visit my local dealer, the salesman told me if I didn’t buy a car warranty right then and there it would affect my chances for getting approved for financing. Is this true? Do I really have to buy a car warranty or just to get approved?”
Oh man…it still blows me away what sales people will say to get you to buy. Admittedly, this explanation can sound pretty rational, but the answer is solid “No!”
Getting approved for financing on a car is simple; it depends on the price, how much you put down, if you have a trade-in, and your credit score.
So next time you’re out car shopping, don’t get dupped into thinking otherwise.
In fact, if you decide to purchase the car and the financing department presents you with their car warranty plans, gives us a call so you can compare plans. We’ll let you know how much money you can save with us right on the spot. Isn’t it about time you had some fun at the dealer’s expense!
Most of the time, you’ll find the dealer’s car warranty is more expensive than purchasing from a third party, but of course, they’ll want you to believe otherwise because the profit margins can be 2 or 3 times higher than a 3rd party.
