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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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I have an opportunity to purchase a 2-year maintenance service from my dealer for my 2003 BMW 3 series. It covers things like, oil changes and fluids… their selling point is that it also covers brake pads and rotors. It does not cover things like a front-end alignment or tires (normal wear). They want $1400. Is it worth it? I would appreciate some advice here.
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| I just purchased a subaru legacy and am thinking about buying an extended warranty. What type of warranty should I look for and how much should I expect to pay?I intend to keep the car for at least 5 years and will be driving an average of 13,000 miles per year.Should I go with a 100,000/7 year warranty and use it as a selling factor if the warranty is transferable? | |
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Replying to: thaitravellr (Jul 10, 2007 12:54 pm) My car only had 11,500 mi. on it so I got the new car rate. 7 yrs,100,000 mi and 0 deduction. Including the optional electronics care the total was approx. $2,900. As my car was 2.5 yrs old at the time of purchasing the warranty I am covered for 5.5 yrs after the 4yr MB warranty expires. |
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I just bought a new Pontiac Vibe after 20 years and 252,000 miles with my last car. I have read about 10 pages of posts and starting to google for "pontiac care". I have several questions if someone can clarify: 1. What is OEM (I feel silly asking) 2. What is the difference between extended warranty and mechanical breakdown--Geico offers the latter but I'm really lost. And, 3. What if I leave Geico? Hmmm--I just figured out that Pontiac is GM. So it seems maybe I should go with that. The dealership didn't give me a copy of their EW program, and neither did my credit union. I'm waiting on Geicos info to arrive. Pls. help or refer to better links. I love the internet but I still spend hours just looking for info and reading about everyones' experiences. Thanks.
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Replying to: bzribee (Aug 11, 2007 10:57 pm) 2) What is the difference between extended warranty and mechanical breakdown--Geico offers the latter but I'm really lost. - that sounds like just a way of saying the same thing and marketing it in different terms. You'd have to ask Geico or read their info as to what their meaning of mechanical breakdown coverage really covers. Perhaps someone on this post has experience with Geico - otherwise call them back and ask them to clarify. Same goes with your #3 question. The Pontiac Vibe is actually a 'disguised' Toyota Matrix. It is engineered by Toyota, it just has a slightly different exterior and interior - the chassis and powertrain are all Toyota. If you are serious about an extended warranty you really need to consider a warranty that is factory sponsored - meaning a GM warranty in your case. Not all GM dealers will sell a GM extended warranty, and if they do they might not offer it up as a first option because they can make more money selling an 'aftermarket' warranty. I've been in the OEM auto business and I can tell you that you'll be much happier knowing you have a factory backed plan than any aftermarket. It might cost you more, but in the long run the security of knowing that the claims will get paid directly to the dealer, the company won't go bankrupt (as many aftermarkets do), and the process in which approvals and repairs are made are all within the GM network is worth the extra money. Price it around on the Internet - Google GM extended warranty - and call your dealer back and specifically ask them about the GM plans that are offered.
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Replying to: bmwdriver4 (Jul 16, 2007 5:53 pm) 
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Replying to: msw66 (Aug 12, 2007 1:06 pm) My last car, also a Toyota twin, was still going strong at 20 years, 252, 000 miles and I never considered, or needed, an extended warranty. But I"m older, and the Vibe has more computer chip thingees, and air conditioning (hallelujah) so I'm thinking about it...
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Replying to: xcraig (Aug 12, 2007 1:12 pm) The reason this is so popular is that BMW has no factory backed extended warranty other than CPO. To me this makes a lot of sense if you live in a state that does not charge full sales tax on a lease and depending on how much the dealer charges you for this. Quite often BMW will offer the car to the turn in dealer for less than the buyout, if they pass this saving on to you it can cover most/all of the CPO cost. Remember you can still buy it for the residual if they come back with a high price. If they find flaws that have to be fixed for CPO (for example the tread depth may be fine to turn the car in, but not enough to resell as CPO) you could always get these fixed yourself before you turn it in and re-buy. You do have to use genuine BMW parts and similar high performance tires, but you don't have to pay the inflated dealer parts and labor prices. Dennis |
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Replying to: bzribee (Aug 12, 2007 6:07 pm) Good luck... M
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Replying to: msw66 (Aug 13, 2007 9:36 am) I couldn't imagine taking my vehicle in for the "little items" you mention and pay the $50 or $100 deductible.
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