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Extended Warranties

2873 messages,  Last post on Dec 02, 2009 at 2:13 PM

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What is this discussion about? Car Warranties

Edmunds article: Third-Party Extended Warranty Scams


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#1697 of 2873
Re: Which Warranty for 2005 Ford Focus Wagon? [livefree] by wlbrown9
Nov 10, 2006 (10:27 am)
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Replying to: livefree (Nov 08, 2006 3:57 pm)

I would recommend you do an internet search for Ford ESP. There are several authorized Ford dealers that offer discounted factory backed Ford ESP warranties. This could save you 20-40% of the 'list' price your local dealer might quote you. In some cases you might avoid paying sales tax on the purchase as well. I think you quailfy for the Ford ESP warranty as long as your vehicle is still under the original Ford Warranty.
#1698 of 2873
Re: No problemo... [audia8q] by 151ranch
Nov 10, 2006 (10:31 am)
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Replying to: audia8q (Nov 10, 2006 8:55 am)

do we know of any mfg backed warranties that vanished??
 
Daewoo, anyone?...Sorry, couldn't resist.
#1699 of 2873
Re: No problemo... [151ranch] by mitzij
Nov 10, 2006 (12:17 pm)
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Replying to: 151ranch (Nov 10, 2006 10:31 am)

Smartypants!
I wonder, though, would GM have bought the service contracts when they bought Daewoo? Any Daewoo customers with service contracts out there?
#1700 of 2873
Re: Who Are Most Buyers? What Luck? [mikefm58] by armydave
Nov 10, 2006 (12:45 pm)
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Replying to: mikefm58 (Nov 07, 2006 5:28 pm)

I agree with you. Short or long term, this car, or on all the cars you have bought you will never get back close to what you pay for extended warranties. They exclude too much, and your regular warranty hacks up a lot of what you think you are buying.
 
They make huge profits by selling these warranties and that is why they push them so hard. I never buy an extended warranty on anything and I am way ahead with that decision. It is your money and your decision. When you sell the car have you ever though about how much those extended warrnaties have cost you and if you saved anything during that period.
 
Save the money that the warranty costs and use that for repairs.
#1701 of 2873
Re: No problemo... [mitzij] by snakeweasel
Nov 10, 2006 (1:14 pm)
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Replying to: mitzij (Nov 10, 2006 12:17 pm)

When you buy a company you almost always buy the companies obligations. So I would say yes GM did get the service contracts in the deal.
#1702 of 2873
Re: No problemo... [snakeweasel] by mitzij
Nov 10, 2006 (1:31 pm)
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Replying to: snakeweasel (Nov 10, 2006 1:14 pm)

That makes sense. Thanks!
 
ArmyDave: Be careful! You saw where it got me to say such things-and I just said 'most people'.
But I really gotta agree with ya for the most part!
#1703 of 2873
Re: No problemo... [151ranch] by audia8q
Nov 10, 2006 (2:33 pm)
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Replying to: 151ranch (Nov 10, 2006 10:31 am)

Daewoo, anyone?...Sorry, couldn't resist
 
Nice try but you don't win the prize.
GM purchased Daewoo and Honored all Daewoo warranties thru Chevy dealers....unlike the aftermarket companies that just vanish.
#1704 of 2873
Re: Time for a history lesson... [mitzij] by mikefm58
Nov 10, 2006 (5:29 pm)
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Replying to: mitzij (Nov 09, 2006 9:27 am)

Nice post. As one who got burned by WG I can relate. A couple things you left out about them.
 
- It became public knowledge in Sept 2003 that WG was not processing claims. They told folks who had claims that they can't pay them now but they will. Yet they continued to sell policies and deduct premiums from policy holders bank accounts.
 
- When some people tried to recoup their money as a charge back on their credit card, WG fought it saying, "we're going to pay eventually".
 
- They were not licensed to sell these policies in several states, yet continued to do so.
 
The reason I bought a WG contract was that two co-workers had policies with them and had several claims with them paid with no problems. This was the first Ford I had bought in awhile, it was for my son, and I wasn't sure if it would be reliable.
 
I learned a hard lesson in life, but not too expensive, about $800.
#1705 of 2873
Re: Time for a history lesson... [mikefm58] by audia8q
Nov 11, 2006 (10:18 am)
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Replying to: mikefm58 (Nov 10, 2006 5:29 pm)

You know what else is so frustrating....many of the out of biz companies re-appear a year later with the same owners with a new name and locations.
#1706 of 2873
Re: Time for a history lesson... [audia8q] by vetteman5
Nov 11, 2006 (11:51 am)
Reply

Replying to: audia8q (Nov 11, 2006 10:18 am)

Yeah, that's why it's critical to do a lot of research on these companies. At the least, you gotta check out their and their reinsurer's ratings with the Better Business Bureau, Poor's, etc. Theres nothing like factory warranty though.

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