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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
Hi I just bought 03 accord with 100873 miles on it.I'd like to get a power train waranty for 5 years. I just don't know what company to choose from to get best coverige. Can I get some advise please??? Klimo...thank you
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I am going to lease a 2008 G35X for 39 months. The dealer has offered me a tire and rim insurance policy for about $900 to be paid over the term of the lease. Is this a worthwhile purchase? thanks, don
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| i just purchased a 2007 mazdqaspeed 3 w/ 6600 miles. manufacturer warranty still in play, was offered a 5 yr/100k mi extended warrany that covers wear and tear and mechanical breakdown w/ a 50.00 deductible for $1,545.00. it seems to cover much, and i feel it may be a good deal. any thoughts? questions i should be asking, and anywhere i can get a better deal. thanks. | |
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Replying to: don482 (Nov 10, 2007 9:37 pm) No. |
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Replying to: klimo (Nov 10, 2007 8:24 am)
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Replying to: novaguy200 (Sep 06, 2007 10:53 am) |
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Buying online is just fine - when buying the manufacturer's back warranty plan from an authorized dealer. The only thing different is you don't pay the high, jacked up price the local dealer will try to hit you with in the F&I office. For some plans buying the day you buy the car nets you the best price (GM, for example), with others you have several months or miles to decide. With others it does not seem to matter, you get the same price whenever you buy. A lot (all?) the plans are pro-rated refundible and many (like Honda's) the start date for the refund is when you buy it not when the car went into service. So the later you wait the more money you get back if you trade the car or it is totalled. Knowing what the policies are for each company is the key to getting the best deal - if waiting does not cost anything then wait, if you have to buy on date of sale to get the best price - then you might want to do that. I purchased my GMPP from another dealer, did the app and mailed it to them with a check dated the day I took delivery of my 'vette - so I got a super low price ($50 over cost) and the coverage I wanted. Most of factorey plans I have looked at do not have such inflation as you say - $1,000 to $2,500 if you wait a little but to buy. GMPP maybe the only one that has a huge increase but I don't recall it being that steep. Doing the research and getting prices before you are trapped in the office getting the hard sell can save the customer tons of money. They research the prices of the cars and know the invoice, rebates, dealer incentives, and hold back - then they hand the dealer back a ton of profit by signing for some plan at purchase with 100% of more mark up. Dennis
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And to that dolt who said "buy it online later for the best price". a) Do you idiots not understand that warranties are the cheapest when you first buy the car? You have such a way with words that makes your arguments so convincing. That's always a good way to keep an intelligent conversation, just insult the person you're debating with. Thanks for your enlighting words of wisdom.....*sarcasm* |
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Replying to: sbmcat (Oct 27, 2007 10:50 pm)
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