There are lots of people who will want to make a fast buck on gullible people. They say that there is a sucker born every minute. But maybe the minute can be turned into at least two minutes when more and more people become informed of various scams.

One scam that is usually pulled off is the extended car warranty scam. The initial warranty that you get from the factory is around 3 years or 36,000 miles. Of course, when you are able to travel the whole world by car and get 100,000 miles in just a year that become different story. The extended warranty will kick in once the factory warranty runs out. The finance department of the car dealership will brainwash you into taking their extended warranty. The warranties they offer are inadequate and expensive. They cost twice as much and are nearly inclusive.

The finance department will usually tell you that they are offering this only now. Once you leave their dealership the offer is over. Talk about promotion. They will even use polite words that will still seem harsh like you are being stupid, cheap or a fool if you do not fall into their scam.

To be able to find more cheaper and adequate warranty try to look around more. If not you still have 30 days to get back to the lender, because in truth the extended car warranty offer they propose opt you is good for 30 days. The only difference will be is that you'll get your car cheaper the day you got it out.

The only thing truthful that they will say is that you really need to buy an extended car warranty. It is also true that the sooner you buy an extended car warranty you will pay less for it.

The worst thing about those car dealers is that they might not inform you but the extended car warranty has been suddenly included in your purchase price. Some buyers might not notice this till they pay because they are too psyched up about their new car.

To avoid this try the following: go over the paperwork thoroughly, avoid the guy in the finance department by getting your car loan online, try to get a free quote about an extended car warranty at 1 source auto warranty.

By having knowledge of this scam and the tips to be able to avoid them, you won't be the sucker born every minute.