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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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#2019 of 2873
Mercedes AMG extended warranty by thaitravellr
Jul 09, 2007 (4:33 pm)
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I have a C55 running out of factory warranty in 6000 miles. I got into a crappy balloon loan and can't get out in one piece for another 2.25 years. I expect to put 70K miles on the car by then. I am really thinking about an extended warranty, but the dealer priced it at almost $6000!!! Is there a decent aftermarket add on warranty available, or do I simply hope and pray for 2 more years sans breakdowns? Thanks, Adam
#2020 of 2873
Re: Mercedes AMG extended warranty [thaitravellr] by greasykid1
Jul 10, 2007 (12:48 pm)
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Replying to: thaitravellr (Jul 09, 2007 4:33 pm)

Have similar situation. I bought a warranty through AAA. Have not needed to use it so I can not give any experience;but I am trusting that AAA would not be using them if they were bad news. Good luck.
#2021 of 2873
Re: Mercedes AMG extended warranty [greasykid1] by thaitravellr
Jul 10, 2007 (12:54 pm)
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Replying to: greasykid1 (Jul 10, 2007 12:48 pm)

What is the name of the company providing the coverage and how much did it cost? I am really stressing over the possibility of a huge repair bill for engine or tranny work in the next couple of years. Thanks, Adam
#2022 of 2873
Re: Mercedes AMG extended warranty [thaitravellr] by metro123
Jul 10, 2007 (3:09 pm)
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Replying to: thaitravellr (Jul 10, 2007 12:54 pm)

Go to the service dept. of your local MB dealer and speak to a service advisor or the service manager. Ask them which are the best aftermarket warranties available. They should know as they deal with warranty issues every day. They should be able to give you a few names.
#2023 of 2873
Honda Care in Florida by jam8
Jul 14, 2007 (5:19 am)
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I would like to purchase the OEM warranty for my '06 Pilot. Has anyone been able to negotiate the price in FL on these warranties?
 
The in-state versus out of state prices are unreal For a 48/48 an online quote from an out of state dealer was $1,205 and the in state dealer was $2,705
#2024 of 2873
Re: Honda Care in Florida [jam8] by msw66
Jul 14, 2007 (6:06 am)
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Replying to: jam8 (Jul 14, 2007 5:19 am)

This place is the cheapest place I've found on the Internet - no local dealer here in AZ would even come close - https://www.myhondawarranty.com/index.php
#2025 of 2873
Re: Honda Care in Florida [jam8] by dwynne
Jul 14, 2007 (7:06 am)
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Replying to: jam8 (Jul 14, 2007 5:19 am)

You need to talk to your state legislators. By Florida law automobile extended warranties are considered insurance and prices are regulated by the state. So you can only buy from a FL dealer and they are not allow to either mark up (in theory) or discount the plans. That said, $2,705 sounds like a way marked up price to me - check with other FL dealers and see what they say. I think the law was put in place to try to help the state's vast senior population from getting ripped off - but the net effect is that FL residents DO pay way too much for stuff like HC.
 
You FL folks need to band together and get extended auto policies excluded from this law.
 
If you go to any of the online HC links, like the one user msw66 provided, they will not sell you a plan once you disclose you live in FL.
 
BTW, there is a HC specific forum here at Edmunds .
 
Dennis
#2026 of 2873
Re: Honda Care in Florida [dwynne] by jam8
Jul 14, 2007 (10:04 am)
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Replying to: dwynne (Jul 14, 2007 7:06 am)

Dennis,
 
I was hoping to learn from other Floridian's experience.
 
I know it is a rip-off. Florida's insurance situation is a nightmare, and extended warranties are a minimal issue. I just renewed my professional liability insurance and there was a 2% surcharge to help bail out Citizens Insurance, the State's property insurance Company. I've got a real problem with it.
#2027 of 2873
Re: Honda Care in Florida [jam8] by mikefm58
Jul 14, 2007 (12:02 pm)
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Replying to: jam8 (Jul 14, 2007 10:04 am)

there was a 2% surcharge to help bail out Citizens Insurance
 
I too got that on my State Farm auto policies. Don't ya just love it? For those not familiar with Citizens, it's a state run home owner's insurance company for folks that live on the coast and can't get insurance elsewhere. So instead of jacking up the policy holders rates, our lovely legislators are forcing the rest of us Floridians to chip in with a surcharge on EVERY insurance policy, homeowners, auto, liability, etc, etc.
#2028 of 2873
Re: Honda Care in Florida [jam8] by dwynne
Jul 14, 2007 (1:09 pm)
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Replying to: jam8 (Jul 14, 2007 10:04 am)

About the only way around the high price I have heard of is for folks that have a residence outside of FL. I don't think anywhere along the way of getting the HC plan do they ask for title or tag stuff, so you could buy a plan on the cheap if you had a legit mailing address in another state. You might need to pay for it with a check or credit card that matches the address you are using for the purchase - or the discount HC dealer would likely stop the sale. The name needs to match the person the car is registered to - and would be taking it in for service, so you could not get a relative/friend to buy it for you. I would think once the plan is accepted in the computer you would be good to go - and I would think in the service computer system it would be the same entry as if you purchased for 2x the price from a FL dealer.
 
If you don't own property out of state, I am not sure of the cost and legality of setting something up to dodge the FL law. A mailboxes etc type address would be cheap enough to set up, but you are likely to run afoul of the law if you got caught.
 
Dennis

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