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- Jan 1, 2024
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- 17
Any good??
Carshield
- Thread starter jerseyguy357
- Start date
From what I have heard they don’t payout. They do pay for some small stuff, but deny the engines and transmissions. They must have some ambiguous written warranty contract that gives them an out. I myself would sock the money you pay for this questionable company, and use it if you have problems. Something tells me you will be glad you did not sign that contract.
aren't they being sued? I thought I heard that.. hmm.. when I have more time I should research that, or you could google "lawsuit carshield" might see some details on lawsuits. But no I think they're a scam.. Most warranties that are good are the OEM extended ones.
Search my thread on it. After doing research I decided not to pursue. About two months after that, their ads disappeared from the station I had heard them on for well over 2 years previously. Not sure if it was coincidence or lawsuits.
- Joined
- Dec 20, 2022
- Messages
- 309
Not very good. The only decent/good extended warranty is Fidelity Platinum, and really only worth it for incredibly luxury cars or a low mileage vehicle <2 years old. Can be purchased from Steingold Volvo. The platinum plan is a exclusionary plan, where only things that aren't included are listed, and everything else is. This is in comparison to the normal exclusionary policy.
This is a great video and worth watching the whole video
In my opinion, "pay yourself instead of a policy". Put money away for your own repairs instead of giving it to someone else.
I would never buy a third party service contract. ^^^^ I agree with the above^^^^You will be farther ahead money wise.
I see their ads on TV every day . They haven't gone anywhere .
Patman
Staff member
Ice Tea and Danica Patrick are still doing those ridiculous commercials.
Most people would be better off taking whatever the cost of their warranty coverage would be and then investing it in something safe. Then if you need a repair, draw from that, and if you don’t then you can just watch the money keep growing. The odds are always in your favor here, as these warranty companies pay out a lot less money than they take in.
When the famous advertising representative of these these auto warranty companies say,
"You'll never pay out-of-pocket for another repair" it is simply not true. You're going to pay your deductible and the difference of $$$ that the warranty company won't pay to the repair shop.
Maybe someone, somewhere(you may know someone) has had a better experience with these warranty companies but too many policy holders just don't have this kind of success.
Watch the video above that I linked.
"You'll never pay out-of-pocket for another repair" it is simply not true. You're going to pay your deductible and the difference of $$$ that the warranty company won't pay to the repair shop.
Maybe someone, somewhere(you may know someone) has had a better experience with these warranty companies but too many policy holders just don't have this kind of success.
Watch the video above that I linked.
Owen Lucas
$100 Site Donor 2023
- Joined
- Sep 5, 2021
- Messages
- 3,588
You are best off going with the manufacturer's extended warranty. Sometimes you have up to a year after buying new to decide, though the price goes up.
FCA’s MaxCare Lifetime warranties were fantastic if you intended to keep the vehicle a long time. So good, that they are no longer offered. Service manager told me they’ve replaced engines with 200K on them for the $100 deductible.
I have a lifetime on my ‘14 JGC with 93K on it. It’s paid for itself and will be all gravy until a repair costs more than the vehicle is worth.
I have a lifetime on my ‘14 JGC with 93K on it. It’s paid for itself and will be all gravy until a repair costs more than the vehicle is worth.
Yeah what to people think when they hear that? "Never pay out of pocket" Ha ha ha, and then the annual dues is free then.
How much do they charge per year for that, "never pay out of pocket for repairs" policy?
I would think 3K or more?
Yeah sock that 3K in a bank account, at the end of 5 years, you'd have a decent amount for a replacement car almost.
It’s best to skip third party warranty’s . The only ones worth buying are offered and backed by car car makers. Everything else is small to massive scam at best.
The money you would spend/waste on that warranty ,you could invest im sure and make some money to use incase you needed a repair.I could be wrong though .
