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Extended Warranties

2873 messages,  Last post on Dec 02, 2009 at 2:13 PM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Warranties

Edmunds article: Third-Party Extended Warranty Scams


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#2172 of 2873
Re: EW on 2002 Buick LeSabre - through GM?? [homesong] by jipster
Mar 12, 2008 (12:04 pm)
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Replying to: homesong (Mar 12, 2008 12:01 pm)

The posts here have successfully steered me away from Warranty Direct
 
Almost went with Warranty Direct...glad I didn't.
 
Okay, we know who sucks. Is there ANY third party warranty company that anyone would recommend????
#2173 of 2873
Re: EW on 2002 Buick LeSabre - through GM?? [jipster] by mikefm58
Mar 12, 2008 (7:12 pm)
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Replying to: jipster (Mar 12, 2008 12:04 pm)

Okay, we know who sucks. Is there ANY third party warranty company that anyone would recommend????
 
I'm sure you know the answer to your own question.
#2174 of 2873
Re: EW on 2002 Buick LeSabre - through GM?? [homesong] by mikefm58
Mar 12, 2008 (7:20 pm)
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Replying to: homesong (Mar 12, 2008 12:01 pm)

You bought a 6 year old car with 92K miles and financed it for 6 years. And now you're looking for an after market warranty after all the recent posts about how bad they are. And you're looking for one that will cover wear and tear for such an old vehicle. That in itself should be red flag.
 
Can I interest you in a bridge I have for sale? It's cheap and just for you I'll let it go for a bargain. I'll also cover all repairs and maintenance as well.
#2175 of 2873
Re: EW on 2002 Buick LeSabre - through GM?? [mikefm58] by homesong
Mar 12, 2008 (7:49 pm)
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Replying to: mikefm58 (Mar 12, 2008 7:20 pm)

No, I'm not interested in buying a bridge,
and I really don't care for your cynical tone.
I've asked three times about Carchex, a partner with Carfax and Capital One,
but you have failed to comment.
Either in your omniscient state, you already know all about it
and think everyone else should as well.
Or, more likely, you've never even bothered to go to
www.Carchex.com to check it out,
so you could make an intelligent response
regarding what specifically concerns you about that company,
rather than brushing people aside with insulting remarks.
I'm sorry...I don't know you...and I should be giving you the benefit of the doubt.
But I believe people who post here deserve the same courtesy.
#2176 of 2873
Re: EW on 2002 Buick LeSabre - through GM?? [homesong] by mikefm58
Mar 12, 2008 (8:02 pm)
Reply

Replying to: homesong (Mar 12, 2008 7:49 pm)

I've never heard of Carchex
and it's obvious from the
lack of responses no one
else has.
 
Does that tell
you anything?
#2177 of 2873
Re: EW on 2002 Buick LeSabre - through GM?? [mikefm58] by homesong
Mar 12, 2008 (9:13 pm)
Reply

Replying to: mikefm58 (Mar 12, 2008 8:02 pm)

Uhhh...that people are too lazy to do their research?
Or that they are prejudiced against anything they don't know anything about?
Seriously...
you HAVE heard of CarFax, haven't you?
Well, go to CarFax.com, click on THEIR Extended Warranty link,
and tell me where it takes you...
NOW have you heard of CarChex???
#2178 of 2873
Note by tidester HOST
Mar 12, 2008 (9:47 pm)
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I think we're veering a bit off topic and making it personal. Let's all take a deep breath and return to more civil discourse.
 
tidester, host
SUVs and Smart Shopper
#2179 of 2873
Re: Note [tidester] by homesong
Mar 12, 2008 (10:13 pm)
Reply

Replying to: tidester (Mar 12, 2008 9:47 pm)

Thanks. I agree completely, and I apologize if I have stooped to uncivil discourse.
I hate it when discussion gives way to negativity and personal attacks, and I'm sorry if I have become a part of that.
I simply wanted some constructive feedback on a specific company, CarChex, a CarFax affiliate, and that's still what I'm looking for.
Thank you for hosting this site, and for the helpfulness it provides.
#2180 of 2873
Re: EW on 2002 Buick LeSabre - through GM?? [homesong] by mikefm58
Mar 13, 2008 (3:37 am)
Reply

Replying to: homesong (Mar 12, 2008 9:13 pm)

OK, sorry about that. My opinion and most here would agree that a car warranty is only as good as the company that backs it. "Most" if not all 3rd party warranties aren't worth the paper they're printed on simply because they're backed by some "Resource Retention Group" that is based in some off shore country like the Cayman Islands.
 
That's why no one here will recommend anything but a manufacturer backed warranty, well except for Daewoo, LOL. As far as CarChex goes, if it's backed by Carmax then I'd say it's worth looking in to. But I don't know anything about it and don't have the time to fully research it, sorry.
#2181 of 2873
Re: Note [homesong] by mitzij
Mar 13, 2008 (5:25 am)
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Replying to: homesong (Mar 12, 2008 10:13 pm)

Well, I checked out CarChex's website.
    The lack of information is remarkable. I can't read sample contracts, it doesn't mention who they are or where they're from, and they don't say who their insurers are. The no contract bit is a big red flag. If you won't tell me what you'll cover until after I fork over money, I ain't interested. The 'coverages' page of the site has a grocery list of what's covered. This covers less than an 'exclusionary' contract would. (where they list what's NOT covered, rather than what is covered) There are thousands of parts on a car-they've listed a couple of hundred. I don’t see where they state they cover wear and tear-if a salesman told you that over the phone, I’d be skeptical. It’s one of those ‘too good to be true’ type things.
 
It looks like they've been in the service contract business since 2004. This might be a good thing. It seems like most of these companies stay around for about 15 years, then go belly up. You're still in the honeymoon period, so you might actually get some claims paid.
 
CarChex is an affiliate of CarFax-not necessarily owned by or financially backed by CarFax. There's a big difference there. Edmunds advertised for Warranty Gold before it went bankrupt. There's no guarantee they're good, simply because CarFax advertises for them.

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