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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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Replying to: lucas8 (Jan 27, 2008 2:12 am) I have not done it, but I got quotes on my RX-8 when I was thinking of keeping it. Mazda must not have faith in the rotary rocket's longevity as the "discount Internet quotes" were sky high (compared to Honda Care prices, for example). Dennis
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Replying to: dwynne (Jan 27, 2008 9:56 am)
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Replying to: lucas8 (Feb 08, 2008 11:43 am) I purchased an extended warranty from warrantybynet. They were recommended by Edmunds at the time. I purchased the best coverage for 7 years. I have used the program 3 times and it has always been a major hassel. They would find ways to cut the bill like telling me the parts could be purchased cheaper on line. Well iI recently went to use the warranty and when the claim was approved, they told me that I had to front the money. When I purchased the contract, they said that all claims are paid by corp. credit card. After making a few calls, I find that they want you to submit the bills and they may pay you back in 60 days. I can read thru the BS. The company is belly up and I'm screwed WARRANTYBYNET DOESNT ANSWER calls,they just have a recording. The administrator VEMECO says that Heritage is the insurance carrier and they stopped paying bills. LETS FACE IT...THE CONSUMER IS SCREWED !!!! AND EDMUNDS SUPPORTED THEM BACK IN THE DAY BUYER BEWARE OF ANY EXTENDED WARRANTY THAT DOESN'T COME FROM THE MANUFACTURE !!
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Replying to: cmc15 (Feb 25, 2008 7:07 pm) |
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Replying to: cmc15 (Feb 25, 2008 7:07 pm) You do make a good point. It sounds like you're being shafted by ole Vemeco. These house-of-cards companies always seem to fall in the long run.
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Replying to: mitzij (Feb 26, 2008 7:58 am) Dennis
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Replying to: dwynne (Feb 26, 2008 10:38 am) I paid for my repairs 100 % out of my pocket today. I was told to FAX in my bills in to Vemeco. I asked how long to get reimbursed and was told," we dont have a time frame" I also got a call from Heritage. The guy was a total a**. He read me a prepared statement and when I stopped him to ask a question, he became even more rude and said, " I think its odd that you would stop me when I'm not done reading." Needless to say this sorry a** corporate paper pusher was not able to come up with any answers on his own so he has to read a statement like a robot. I wonder if he had to go to college to learn his profession ! FYI... The guy at the dealership pointed something out to me tho.... he said never buy an extended warranty when you buy the car. Wait until you have about 3 months to go until the Manufactures warranty expires...and then if you think you are going to keep it, buy a warranty FROM THE DEALER. LIVE AND LEARN
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Many years ago I purchased a third party extended warranty for my Isuzu (an I-Mark Turbo hatchback!) When it came time for a repair five years later the warranty company had gone belly-up. A sympathetic Isuzu dealer cut the repair cost substantially, but I vowed then never to get taken again. I agree with others on this board that you should only consider an extended warranty when the car is near the end of the manufacturer's warranty, and then only purchase from the manufacturer and make certain it's not a third-party company not backed directly by that manufacturer. Personally, I'll take my chances once the car is out of warranty, or sell the car if it's been unreliable for the first few years. |
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Replying to: cmc15 (Feb 26, 2008 2:24 pm) Out of curiosity, how much did you pay for your extended warranty, and how much did Warrantybynet reimburse you for repairs? |
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Just need to do my final bit of research. I never got an extended warranty for my Corolla, so this is all new to me. I understand that an extended warranty can be beneficial, if heaven forbid, I need to make some major repairs down the road that are rather expensive. I also understand, that it's also a hit or miss whether or not I WILL need an extended warranty on a new vehicle. My questions: 1. I know I can get the extended warranty from the F&I office when I buy the vehicle. Can I also get it at any point after, while I still I own the vehicle? 2. Is my best bet getting it from the Nissan dealership or searching online? I've read posts on finding an extended warranty that is backed by the factory / manufacturer. How do I know when that is the case? 3. For any Nissan owners, could you give me an idea of what the Nissan extended warrranty packages are, and the costs? Is it about 5% of the vehicle price? Any info is appreciated!
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Smart Shopper Extended Warranties
