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Extended Warranties

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

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What is this discussion about? Car Warranties

Edmunds article: Third-Party Extended Warranty Scams


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#2627 of 2873
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [joel0622] by golic
Apr 15, 2009 (12:39 pm)
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Replying to: joel0622 (Apr 15, 2009 12:34 pm)

Just like the Union contracts you state in your post, the Bankruptcy court could approve any modification or termination to the existing warranty contracts.
#2628 of 2873
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [golic] by joel0622
Apr 15, 2009 (12:47 pm)
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Replying to: golic (Apr 15, 2009 12:39 pm)

Do you really think the goverment is going to nullify the warranty on millions of cars? Not saying they wouldn't but I would say it is about a 1% chance
#2629 of 2873
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [joel0622] by jipster
Apr 15, 2009 (12:53 pm)
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Replying to: joel0622 (Apr 15, 2009 12:34 pm)

I believe Obama was speaking of a situation where Chrysler or G.M would not be in a position to honor warranties (Chapter 13?). To reassure those on the bubble as to whether or not to buy domestic, because of fear in warranties not being honored, he offered government backing of warranties from those two manufacturers. Which I think is only fair considering all the bail out money the manufacturers have gotten.
#2630 of 2873
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [joel0622] by golic
Apr 15, 2009 (12:59 pm)
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Replying to: joel0622 (Apr 15, 2009 12:47 pm)

Obama has already said the US will back the warranties. But I also don't think we will see the end of the UAW either. Too strong a lobby, too many voters, too much a staple of the political culture. GM will eventually have the same contract parameters as Ford.
 
Major concessions, yes. But still will have a higher labor burden rate than the foreign shops on US soil.
#2632 of 2873
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [rnixon] by deltheking
Apr 15, 2009 (1:33 pm)
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Replying to: rnixon (Apr 15, 2009 8:26 am)

Folks,,This guy is a major rip off scam artist.The coverage is basically useless.
I emailed him- he sent me the info.Well the info was printed like an amateur.He could have copied it from anywhere.
No company name ,address,phone #,BBB rating--- Nothing,zilch,nada.And he did not send me the list of exclusions..
Be very careful of this guy.He is promoting his scam warr.
I think the mods should delete all his posts.
Buyer beware,,save your hard earned money.
#2633 of 2873
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [deltheking] by mikefm58
Apr 15, 2009 (2:48 pm)
Reply

Replying to: deltheking (Apr 15, 2009 1:33 pm)

I've asked repeatedly on this forum for him to send me something about his warranty, pointing out my email addy is in my public profile, nothing so far. I've even gone to his site filling in information to send me a quote, and nothing so far.
 
I've seen nothing from him to inidcate he is legit. I'll give him credit, he does talk a good game, but is easy for a knowledgeable person to see through.
#2636 of 2873
still confused about warranties by sharonohio
Apr 16, 2009 (5:40 am)
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After buying a new Cobalt last month, I (rightly or wrongly) bought an extended warranty through the dealership (a Fidelity 7yr/70,000mi warranty for $1040). I asked that if GM would not honor the mfgr warranty because of this bankruptcy possibility, would this warranty cover me and he said "yes." Is this true? He also told me that the government will only back warranties on cars purchased when and if bankruptcy takes place, not for cars bought before that time.
I'm also looking into the GEICO warranty that's been talked about here and considering cancelling the one I bought. Any additional comment on which one I should go with would be greatly appreciated.

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