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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: homesong (Mar 09, 2008 6:09 pm) Any contract you buy at this point will either: 1. Cost an arm and a leg or: 2. Have lousy coverage and worse service. If you're looking to get something fixed that is broken now, good luck. That's fraud, and they can usually sniff out a cheater pretty well. |
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No...definitely no fraud intent!!! The vehicle was thoroughly inspected before purchase, and I don't know of any problems. But you do raise some important issues about "preexisting conditions" and "insufficient service history." Still, it is a local one-owner car, and it was well maintained, and CarFax indicates exact dates and nature of service, so that SHOULD help. Thanks for your input.
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Replying to: homesong (Mar 09, 2008 1:27 pm)
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Replying to: joel0622 (Mar 11, 2008 4:56 am)
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Replying to: homesong (Mar 10, 2008 1:20 pm) |
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Replying to: homesong (Mar 11, 2008 5:07 am) Any contract you buy at this point will either: 1. Cost an arm and a leg or: 2. Have lousy coverage and worse service. But, hey, it's a Buick! Those suckers are tanks, seem to run forever. Just keep your well-maintained hotrod well-maintained and you'll be fine. Preventative maintenance is the best medicine. Park the $2000 you'd spend on a contract in a savings account and take care of your car.
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Replying to: mitzij (Mar 12, 2008 9:50 am) You make some very good points. The car I bought is a one-owner car (they only traded because they always trade every 5 years), has a clean CarFax record, and was religiously maintained at the dealer from which I purchased the car. And it IS a Buick - that's why I looked for it and bought it. Because of our financial situation, I DID have to finance it for 72 months (even after 6 years, it will still be newer than the 1991 Olds I've been driving!), and with our financial history I was fortunate to get a loan with a pretty good rate. I wish I had the $2000 to put in a savings account, but I don't. If I got a warranty, it would probably be through Carchex (a partner of CarFax), which includes Wear and Tear coverage.(I've been researching this pretty carefully, and have relied a lot on comments in this Forum). I'd have to take out a loan for that as well, but I can get one for $69/month. I could put that $70/month in a Savings account, and hope nothing major happens for a long time (it IS a Buick, and probably won't). But if it did, I'd have to take out a loan anyway. The trade off is the peace of mind a warranty would help provide - at least for 36 months. I AM seriously considering just putting about $100/month in a savings account, and hoping it will build up before I need it. But a GOOD warranty is still tempting. Any further advice would be greatly appreciated. Thanks.
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Replying to: homesong (Mar 12, 2008 10:32 am) That does not exist for a car such as yours. Are you serious after the last couple pages of posts about 3rd party warranties? Why would you even consider one? Why even come here to discuss your situation? :bangs head against the wall:
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Replying to: mikefm58 (Mar 12, 2008 11:36 am) Financing something with no warranty and no money to pay for repairs is not a very good idea. Dennis |
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Replying to: mikefm58 (Mar 12, 2008 11:36 am) 2. I have come here because I trust the people here, and expect more respect from them than I do from the Warranty people, like the one who actually hung up on ME when I refused to put down $300 just to look at his contract!! 3. The posts here have successfully steered me away from Warranty Direct, and from ANY companies that don't explicitly cover wear and tear in their contracts and from companies that don't work with the dealer but reimburse the customer. 4. I am here because this is a major decision, and because the ONLY other person who posted a question here about Carchex never got a response. This company APPEARS to satisfy the concerns all the other posters have raised - wear and tear coverage spelled out in black and white in their comntract, dealing directly with the dealer, etc. 5. So I am here in part to ask what others here know about Carchex and what their experience has been. Please don't bang your head against the wall TOO hard. I'm not ignorant, and I'm not trying to be a nuisance, but am simply seeking information and advice to make the very best and most informed decision I can. Thank you.
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