Extended warrantees
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I know nothing about that specific company.
Given the payback averages 15% on an extended warranty I just pay myself.
Given the payback averages 15% on an extended warranty I just pay myself.
I have heard overwhelmingly that non-OEM extended warranties for cars are usually a ripoff.
I did once purchase one run by the Fireman's fund - and sold by my dealer. at the time it was fairly well rated. I used it a few times, and even got a pro-rated refund when I sold the truck. normally OEM's are better, easier to work with, and more likely to remain in business.
we deal with a few at work. most wont cover leaks so if your $500 ac compressor is leaking your out of luck. another game they play is to pay for the broken part but nothing else. so if a sprag in your trans breaks they will buy that but not the soft parts. no trans shop is going that far into a trans amd not replacing everything so you must buy those.
I got an extended warranty for my 2001 GMC. If I didn't use it, they would give me all my money back. I didn't use it, and I got my money back. I can't remember the name
The ones that you get with a used car beyond the manufacturer's warranty are an insurance policy, and sold by insurance companies...must have dealer service every specified amout, prove this, buy that...I've not seen a used car salesmen in ages "advertise" warrantied cars in ages, as the market saw all the scams eventually.
Extended OEM warranties can be gold, particularly if the car has had electrical/ECU problems in the normal warranty period.
Extended OEM warranties can be gold, particularly if the car has had electrical/ECU problems in the normal warranty period.
Older used cars it would not be cost effective to purchase extended warranties. $1200 to $1500 additional expense is considerable
You give the warranty insurer the power to total out your car if the cost exceeds the value of the vehicle. Engines & transmissions can easily cost $3000 - $4000 dollars. They can dictate that you use a questionable re-man or used part.
The contracts are very complicated & some of these warranty insurers are questionable & if they go belly up(they do)your screwed.
You give the warranty insurer the power to total out your car if the cost exceeds the value of the vehicle. Engines & transmissions can easily cost $3000 - $4000 dollars. They can dictate that you use a questionable re-man or used part.
The contracts are very complicated & some of these warranty insurers are questionable & if they go belly up(they do)your screwed.
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Only one I've used is called Fidelity. They were great and paid alot of various expenses on my truck. They lost ALOT of money on my policy and never gave me any grief.
I think alot has to do with the service department and how they deal with the warranty company.
I would investigate anyone you go with. Plenty of scams out there.
I think alot has to do with the service department and how they deal with the warranty company.
I would investigate anyone you go with. Plenty of scams out there.
Originally Posted By: Loobed
I got an extended warranty for my 2001 GMC. If I didn't use it, they would give me all my money back. I didn't use it, and I got my money back. I can't remember the name
If some dealer would do that for me I would definitely remember the name!
I got an extended warranty for my 2001 GMC. If I didn't use it, they would give me all my money back. I didn't use it, and I got my money back. I can't remember the name
If some dealer would do that for me I would definitely remember the name!
Originally Posted By: CROWNVIC4LIFE
Originally Posted By: Loobed
I got an extended warranty for my 2001 GMC. If I didn't use it, they would give me all my money back. I didn't use it, and I got my money back. I can't remember the name
If some dealer would do that for me I would definitely remember the name!
I will try to find out tonight. I am not at home right now and can't look at my records.
Originally Posted By: Loobed
I got an extended warranty for my 2001 GMC. If I didn't use it, they would give me all my money back. I didn't use it, and I got my money back. I can't remember the name
If some dealer would do that for me I would definitely remember the name!
I will try to find out tonight. I am not at home right now and can't look at my records.
I don't buy them on cars, but I do buy them on electronics. Laptops, cell phones, TVs etc. I certainly use them enough for them to be worth it for me.
The third party warranty's can be painful to collect on for your mechanic and/or yourself. You get a diagnosis and then have to run by company for preapproval and costs. My brother had much pain doing this.
The best approach is car maker backed warranty or no warranty. The car maker backed ones have their reputation on the line.
I NEVER purchase these warranties on anything including items besides vehicles. I have been thus far pretty lucky in the last 20years and have found the credit card warranty extension wonderful in the few cases I needed them.
I have my own warranty company (my rainy day bank account) that contribute currently $50/month to. It has grown to over $7k and use it to dip into for these items.
The best approach is car maker backed warranty or no warranty. The car maker backed ones have their reputation on the line.
I NEVER purchase these warranties on anything including items besides vehicles. I have been thus far pretty lucky in the last 20years and have found the credit card warranty extension wonderful in the few cases I needed them.
I have my own warranty company (my rainy day bank account) that contribute currently $50/month to. It has grown to over $7k and use it to dip into for these items.
I just bought one from Toyota for my new Sienna. With power sliding doors and tailgate and all other manner of gadgets, gizmos and computers, it made sense ONLY after getting to the bottom of dealer pricing on these things. The Internet is your friend! Make sure you don't over pay.
With the Toyota plans, you can buy them from any dealer. There are a few who sell them online near cost because Toyota pays a bonus if a certain number are sold each month. I wanted a 8 yr/100,000 plan. The dealer where I bought the van offered it for $1800. I told him I was an internet shopper and had received some strongly discounted offers (but didn't give away the number). He immediately came down to his "employee price" of $1240 which he said was the lowest he could go. I bought the exact same merchandise from a Toyota dealer in the state next door for $1040. At that price, an extra 5 years and 65,000 miles coverage seemed like a pretty good bet. It's in the computer and good for service at over 1500 Toyota dealers in US and Canada. We plan on traveling extensively in this car so it just seemed to fit our plans.
Also, another great feature of this plan is it is refundable on a prorated basis with a $25 admin fee so that makes it virtually risk free in my mind.
With the Toyota plans, you can buy them from any dealer. There are a few who sell them online near cost because Toyota pays a bonus if a certain number are sold each month. I wanted a 8 yr/100,000 plan. The dealer where I bought the van offered it for $1800. I told him I was an internet shopper and had received some strongly discounted offers (but didn't give away the number). He immediately came down to his "employee price" of $1240 which he said was the lowest he could go. I bought the exact same merchandise from a Toyota dealer in the state next door for $1040. At that price, an extra 5 years and 65,000 miles coverage seemed like a pretty good bet. It's in the computer and good for service at over 1500 Toyota dealers in US and Canada. We plan on traveling extensively in this car so it just seemed to fit our plans.
Also, another great feature of this plan is it is refundable on a prorated basis with a $25 admin fee so that makes it virtually risk free in my mind.
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Originally Posted By: Chris142
we deal with a few at work. most wont cover leaks so if your $500 ac compressor is leaking your out of luck. another game they play is to pay for the broken part but nothing else. so if a sprag in your trans breaks they will buy that but not the soft parts. no trans shop is going that far into a trans amd not replacing everything so you must buy those.
A friend of mine had a head gasket leak in a 70k miles Volvo with these warranty, and yup, not covered.
Stay away from non OEM extended warranty.
we deal with a few at work. most wont cover leaks so if your $500 ac compressor is leaking your out of luck. another game they play is to pay for the broken part but nothing else. so if a sprag in your trans breaks they will buy that but not the soft parts. no trans shop is going that far into a trans amd not replacing everything so you must buy those.
A friend of mine had a head gasket leak in a 70k miles Volvo with these warranty, and yup, not covered.
Stay away from non OEM extended warranty.
I don't buy warranties on anything. I take the insurance companies side and bet my stuff won't break.
I bought my Volvo used from my work actually and purchased an extended warranty. I usually hate the warranties, but figured why not and I got employee pricing. They actually did pay for a new transfer case(bevel/angle gear for the Volvo people), which paid for the warranty.
What can be annoying on the shop side is these companies will supply parts to the shop working on the car. I have seen some shady companies supply obvious junkyard transmissions that have had no work done to them when one goes bad in a car.
What can be annoying on the shop side is these companies will supply parts to the shop working on the car. I have seen some shady companies supply obvious junkyard transmissions that have had no work done to them when one goes bad in a car.
IMO for a warranty insured expensive repair would have to happen in the first 70,000 mile of driving to pay off.
We bought the added insurance(at the Ford dealer) for our newer Ford Fusion Bought used in 2011, a 2010 model w/17,000mi. but every option except the bigger motor. We want to be in the over 33 mpg club. It is 175 HP which is plenty. Very happy with the car but worry about the nice electronics, Back up camera for her and a kick as audio, side radar, ect... it scares me enough to pay for the added insurance, around $1250. But we bought it for her although it comes in handy for the block-head driving 70 mph in your blind spot.
Bumper to bumper for 36 months(getting close)
Other things go to 60 months
The driveline goes to 84 months(1/2018)
I just don't know if thats a good deal for 7 years on a car that works perfect & is well taken care of. What a nice car this Ford Fusion is. I have 7000mi on my 5/20 M1 AF ready to change for the summer.
We bought the added insurance(at the Ford dealer) for our newer Ford Fusion Bought used in 2011, a 2010 model w/17,000mi. but every option except the bigger motor. We want to be in the over 33 mpg club. It is 175 HP which is plenty. Very happy with the car but worry about the nice electronics, Back up camera for her and a kick as audio, side radar, ect... it scares me enough to pay for the added insurance, around $1250. But we bought it for her although it comes in handy for the block-head driving 70 mph in your blind spot.
Bumper to bumper for 36 months(getting close)
Other things go to 60 months
The driveline goes to 84 months(1/2018)
I just don't know if thats a good deal for 7 years on a car that works perfect & is well taken care of. What a nice car this Ford Fusion is. I have 7000mi on my 5/20 M1 AF ready to change for the summer.
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You sure there isn't a mileage limit in there with the months? Every one I've seen is so many miles/months, whichever comes first.
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