It’s true! Even though the dealership will offer you an extended warranty, what most people don’t know is that you can purchase an extended warranty from most banks and credit unions that you finance through. Park Community even offers fine extended warranty packages for new and used autos with rates that are quite competitive.
Why should I finance through a financial institution?
Some dealerships offer an “in-house” extended warranty, meaning that particular dealership honors the warranty, does the warranty work themselves, and charges it off. This is somewhat risky, because you as a consumer could be stuck with a useless warranty if the dealership goes out of business. A financial institution’s extended warranty is usually honored at any certified mechanic (including the extended warranty packages Park Community offers), meaning that there’s not even the hassle of finding someone in-network as there is with health insurance. The ability to trust the person you take your car to is probably at the top of your list of priorities, so this aspect is perfect!
New? New to you? No problem!
Many used dealerships offer very limited warranties on used vehicles. Sometimes, they won’t even offer you an extended warranty. Used vehicles are likely where you need a warranty the most, because you will likely have no idea how the vehicle was driven before you acquire it. Financial institutions such as Park Community offer extended warranties on used automobiles as well as new. With that kind of used vehicle coverage, you can have an umbrella over your savings account’s head if the “when it rains, it pours” saying turns out to be true in your case.
If you would like more information regarding the extended warranties we offer, contact Sharon Waddell at 502/815.1147 or 800/626.2870 x1147.