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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: rnixon (Apr 15, 2009 8:26 am) 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. 
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Replying to: deltheking (Apr 15, 2009 1:33 pm) 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.
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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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Replying to: sharonohio (Apr 16, 2009 5:40 am) And 7yr/70K miles isn't that much extra coverage over GM's basic and power train warranties, and at a grand is quite expensive. I'd recommend cancelling the warranty and getting your money back.
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Replying to: sharonohio (Apr 16, 2009 5:40 am) I think it`a very good decision to buy an Extended warranty especially for chevy Cobalt. But as folks here on Edmunds will tell you,,like in Mike above -- Never ever buy an aftermarket 3rd party warranty including Fidelity or Geico.Geico is good for auto insurance,,I have one,,but not sure for ext.warranty. All aftermarket warranties are worthless,expensive and they never pay any claims.A lot of folks here were burnt by Warranty Gold. And Fidelity has so many complaints regarding claims and exclusions. My advice as will other folks here will tell you-- Never buy a 3rd party warranty. So cancel your Fidelity warranty immediately.Normally you have a period of about 60 days to cancel it. Get a original Manufacturer factory warranty from GM.You can look up the details on GM/Chevy website.And u can buy it from any Chevy/GM dealer in USA.As to which dealer to buy it from ,,search the internet for GM original warranties or GM/Chevy forums online-- these usually have info about this and the prices paid for the coverage. But first cancel the Fidelity warranty!!! 
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Replying to: mikefm58 (Apr 16, 2009 6:28 am) Be sure you know what you purchased. It's not a warranty. It's not bumper-to-bumper. It's a company that has agreed to pay for repairs to your car IF the repair is covered by the contract. They have the right to pay for labor time (and rate) that they determine is appropriate, they have the right to pay for parts based on their idea of 'fair value'. You have to follow their rules before they will fork out any payment on your behalf. You are giving them control over repairs to your vehicle. If you're ok with that, fine, but be forewarned. Be sure to read the contract thoroughly. Understand what they pay for, how, and what the limits are. Fidelity's contracts have many loopholes. Be aware of them. |
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Replying to: jipster (Apr 15, 2009 9:12 am) |
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