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Smart Shopper Extended Warranties
2873 messages, Last post on Dec 02, 2009 at 2:13 PM
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Edmunds article: Third-Party Extended Warranty Scams
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Replying to: bremertong (May 08, 2007 7:14 pm) Its not that he is not interested, it is that they can't. The selling dealer of the service contract is the administrator for it. You have to go through them. Take them a copy of the odometer statement from when you traded it and proof that the loan is payed off if there was one. They will handle the refund for you. |
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Replying to: mitzij (May 09, 2007 3:25 am) 
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Wondering if anyone has or has checked out AutoWarrantyBroker.com, and has compared it to their manufacturer's extended warranty policies. I'd love to hear the good, the bad, and the ugly on this company. A friend of mine recommended them, and talked to them yesterday...and got the sales spheel. Haven't bought anything yet. Thanks! 
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The more I researched extended warranty, the more I become skeptical. I'm really confused whether ext warranty is useful. Personally, I place an emphasis on pre-protection something like regular inspection, routine check up. I know it's case by case and depending on their situation, financial things and so on. Even if I buy ext warranty, I still pay for some basic care about buying oil, filter, or replace tires, a battery, brake pads or drum something like that. Those cost might be various. just wild calculate it, changing oil/filter twice a year might be $30-50 and for 5 years it costs $300-500. Other things might cost $1500-3000/5 years. It means I'll pay $2000-3000 /5years and if I bought ext warranty (GMPP major guard might be $1000-1200), total cost might be $3000-4000/5years. omg... what's point? If pre-protection could totally prevent any high-cost mechanical problem, I'd not buy ext warranty. But who knows? that's a dilemma. Can I trust my vehicle performance? (well, it's saturn ion 2004). I need further to research. if any suggestions, drop the line 
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| I have a 2003 BMW 325i, which came with the 4-year, complete warranty. It was great, I never paid for a service, or any of the minor things I had fixed. Has anyone out there extended their warranty on this type of vehicle and if so, would you please pass along what you learned from the process... | |
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I just purchased a Toyota Camry Hybrid, and purchased the extended warranty ($1495), $0 deductible, for 7 years, 100k. I just found out that my insurance policy (Geico) includes a "mechanical breakdown" warranty for 7 years, 100k, with a $250 dedutible, for $56/year. I've never heard of an insurance company offering this. Is it legit? Does anyone have experience with this? Thanks
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Replying to: bremertong (May 08, 2007 7:14 pm) Dennis |
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Replying to: zscottie (May 09, 2007 7:30 am) Either get factory backed or nothing, I think. Dennis |
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Replying to: neuris (May 09, 2007 8:05 am) Almost none of these plans covers routine maintainence on the car. You are correct, getting the oil changed regularly and following the manufactures suggested service (as in your owner's manual) is the best thing to prevent failures. All that said, if you are planning on keeping the car long-term a factory backed warranty (GMPP?) is something to think about. High labor and parts costs mean about anything will be expensive to repair. You just have to look at the coverage and the cost and decide if it is right for you or not. Some folks just like the peace of mind they get - even if they "lose money" on the coverage. For sure, if you decide to buy hunt around online for the best price - and only get something factory backed. The 04 Ion is only "good", so says CR. Strange that the 03 is only "fair" while the 05 is "poor". So your 04 is right in the middle of those years and does a bit better. Body Integrity, Suspension, and Electrical System are shown as the trouble spots. Of those, the first 2 are not likely to be covered under an extended warranty. Dennis
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Replying to: pianewman (May 09, 2007 8:21 am)
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