Should your car repair business honor aftermarket extended warranty policies? If you are willing to process the claims, there is great potential for additional business to be gained.

Car owners can elect to purchase coverage for mechanical break-downs with some exclusions. Some policies cover drive-train only. Maintenance like oil changes, tires and brake pads and shoes are commonly not covered. But for the average person that wants to budget a set amount for expenses extended warranties make good financial sense. For example, a transmission replacement might cost several thousand dollars.

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