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Smart Shopper Extended Warranties
2870 messages, Last post on Nov 23, 2009 at 4:56 PM
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Edmunds article: Third-Party Extended Warranty Scams
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| I was hoping to find one cheaper than the delaership - they always stick it to you on price. How do i find the "cost" of a dealership's warranty? The price they quote is "retail" in fact, my dealership had a printed price list "menu" of warranty options. | |
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"I'm going to buy a warranty today. I'd like to buy a GM contract. If you'll show me YOUR cost (not what's on the "menu"), I'll pay $100 over that." "I've also looked at some other contracts, and I'm making my decision today". Be nice about it, but give them a "take it or leave it" approach. $100 in F&I profit with no affect on his "per deal" average (how the F&I guy is rated by his boss) is a good thing. |
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Hey 98monte_ls. Don't forget that you are free to shop around for an official GM extended warranty. You are not required to purchase one from the dealership that you purchased your car from or the one that you plan on having your vehicle serviced at. You should comparison shop by either e-mailing or calling dealerships. You can contact many of them with very minimal effort by using the Web. Here is a link to a pretty interesting article on extended warranties here on Edmunds.com: Extended Warranties: Extending The Joys Of Ownership. Car_man Host Smart Shoppers / FWI Message Boards |
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I mostly agree with zueslewis. An OEM extended warranty is the only way to go. For GM, try these guys in Iowa: http://www.capperautocenter.com/ I've bought two Ford extended warranties from their sister Ford dealership and, at least for Ford extended warranties, they have the best prices I've ever seen. It's an 800 number so it can't hurt to at least call and get a quote. You probably want to decide what plan you'd want first and get a price-gouging quote from the business/finance guy at your local dealership. http://www.gmprotectionplan.com/ has some limited information but you really need to see a contract to understand what is covered and what isn't. |
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| ask to see the F&I guy's cost sheet, and make your offer. Who pays retail anymore? | |
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geoffdgti, or anyone else, do you know of a good source for a low price on a Chrysler Extended Warranty? I have WG now, (bought the car and warranty in Feb.), but with their financial troubles I may want to go for a Chrysler policy. THANKS! |
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| and make the same deal - offer $100 over their cost after they show you their price list. | |
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quigonjohn mentioned that Warranty Gold has financial troubles. Is that right? What kind of troubles? Thanks, tiresmokem |
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| tiresmokem, Checkout the "Warranty Gold Claims" thread for all the info. | |
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I got a "retail" quote from my dealer. $1650. Now if I go into the F&I guy and tell him I will buy today if he can show me his cost I need to be prepared to do just that. do you have any idea what ballpark the "cost" is off retail? Reason is, if his cost + 100 is still not going to be competitive with a 3rd party warranty then maybe I'll forget about the dealer. do you think that I should tell them that I got another quote on a warranty and if he can match it i will buy his? I got a couple, one from WG, which are significantly less than $1650. bruce
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