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Smart Shopper Extended Warranties
2870 messages, Last post on Nov 23, 2009 at 4:56 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
Edmunds article: Third-Party Extended Warranty Scams
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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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Replying to: dwynne (Nov 29, 2007 4:20 pm) As far as the "factorey plans" you mention, I can't speak of. I don't know what a factorey is. But I was in the car business for 8 years and worked for 4 different manufacturers and they all have an increase. Now you are right about one thing; there is not a huge increase like that from day 1 to day 2. I am talking about someone who is going to purchase the warranty years later (as I mention above). I understand your need to sound like a pro, but you aren't. You are one of those typical consumers who think everyone is out to rip them off.
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Replying to: jboxton (Nov 30, 2007 7:31 am) 
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Replying to: joel0622 (Nov 30, 2007 8:01 am) |
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Replying to: jboxton (Nov 30, 2007 7:42 am) You sign up yesterday and you start ripping on a long time poster who has provided a lot of unbiased and well-researched advice. If you cared to take the time and go back and read some of his posts, you'd know. But I guess no low is low enough when you don't have a valid argument, even making fun of a miskeyed word (E is right next to R on the keyboard), while at the same time you desperately need a punctuation refresher. |
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Insulting other members is a good way to ensure that your posts disappear faster than the $ from RRG warranties.
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Replying to: kirstie_h (Nov 30, 2007 10:45 am) Then why are they still there? |
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