- #2000 of 2870
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Re: AAA warranty [greasykid1]
by jipster
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Jun 22, 2007 (9:36 am)
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Replying to: greasykid1 (Jun 22, 2007 9:29 am)
Does AAA offer an backup if the warranty co. goes bankrupt?
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- #2001 of 2870
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Re: AAA warranty [jipster]
by dwynne
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Jun 22, 2007 (10:45 am)
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Replying to: jipster (Jun 22, 2007 9:36 am)
Does AAA offer an backup if the warranty co. goes bankrupt?
If not, stay away - far, far away.
Dennis
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- #2002 of 2870
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Re: AAA warranty [dwynne]
by nortsr1
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Jun 23, 2007 (2:41 am)
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Replying to: dwynne (Jun 22, 2007 10:45 am)
I agree with you Dwynne! Go with the OEM Factory warranty. There are too many horror stories of bankrupt warranty companies where people THINK they are getting a better deal by saving a few bucks!!! Not only that, half the shops won't even bother to honor those OTHER warranties. 
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- #2003 of 2870
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Warranty Gold (was that the name?) [nortsr1]
by joe131
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Jun 23, 2007 (3:16 pm)
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Replying to: nortsr1 (Jun 23, 2007 2:41 am)
I had very good luck collecting repair money both before and after the extended warranty company went bankrupt. The state has a fund set so claims can be paid even if insurance companies go bust.
Two Ford dealers honored the warranty several times. I was never refused on a claim.
Over $10,000 was paid out in total.
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- #2004 of 2870
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Re: Warranty Gold (was that the name?) [joe131]
by nortsr1
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Jun 24, 2007 (5:30 am)
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Replying to: joe131 (Jun 23, 2007 3:16 pm)
That's a good post,joe131; however, who wants to go thru that hassle. I have never heard of an OEM factory warranty going bankrupt and then having to go to the STATE to get repairs!!!!
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- #2005 of 2870
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Re: Warranty Gold (was that the name?) [nortsr1]
by joe131
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Jun 24, 2007 (9:26 am)
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Replying to: nortsr1 (Jun 24, 2007 5:30 am)
No, no hassle. It was seamless from my side. The dealership knew how to file for payment. No effort needed on my part.
The warranty was not OEM. It was from an aftermarket 3rd party company purchased at a credit union about a year after I bought the new car.
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- #2006 of 2870
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Re: Warranty Gold (was that the name?) [joe131]
by nortsr1
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Jun 24, 2007 (12:07 pm)
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Replying to: joe131 (Jun 24, 2007 9:26 am)
Consider yourself blessed (or very very lucky)... as there are too many horror stories on the net about bankrupt out of business "NON OEM" 3rd party warranties.
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- #2007 of 2870
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Re: Warranty Gold (was that the name?) [nortsr1]
by joe131
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Jun 24, 2007 (12:18 pm)
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Replying to: nortsr1 (Jun 24, 2007 12:07 pm)
I bet you are right. A run of good luck does not usually last very long. I don't think I'll ever buy another 3rd party contract like that. If I feel the need I'll buy a manufacturer backed warranty next time.
Some of the new car warranties are so good now I may not feel the need at all. I can just replace the car when the warranty is about over.
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- #2008 of 2870
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Re: AAA warranty [jipster]
by greasykid1
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Jun 26, 2007 (10:57 am)
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Replying to: jipster (Jun 22, 2007 9:36 am)
Yes there is a reinsurer. I checked with MB re an extended warranty before I bought this one and was told there was NO factory EW. Only when you buy the car can you buy one and the price was VERY HIGH for a short time. Only an aftermarket through the dealer and the price on that was MUCH higher and for a SHORTER time.
I plan to keep this car indefinately so this was my best alternative after I checked out many other sources. So far no problems with the car----it will soon be 3 yrs old.
Great car!
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- #2009 of 2870
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Toyota extended Warranty
by kst1
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Jul 01, 2007 (9:45 pm)
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Could anybody point to good place to buy the Toyota Extended Warranty? We just bought a RAV4 in California and are looking at getting an extended warranty on it. Thanks!
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