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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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#2648 of 2873
Re: still confused about warranties [deltheking] by sharonohio
Apr 17, 2009 (7:46 am)
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Replying to: deltheking (Apr 16, 2009 7:54 am)

Why didn't the dealer offer an GM extended warranty when I bought it instead of the Fidelity one? Is it just that they make more money from the FWS one?
 
And this whole thing about '"will they honor the warranty if they go bankrupt?" According to MSNBC, the gov will only back them if the car was purchased AFTER that bankruptcy date, if and when that happens. So wouldn't an extended GM warranty also be worthless?
 
Sorry if I'm beating a dead horse here, but I'm just trying to make the most informed decision.
#2649 of 2873
Re: still confused about warranties [sharonohio] by mitzij
Apr 17, 2009 (9:08 am)
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Replying to: sharonohio (Apr 17, 2009 7:46 am)

They make more money off the Fidelity service contract.
 
I think people are getting confused about the government's promise to cover warranties. They're talking about the manufacturer's 3/36 warranty against defects. It's not the same as the service contract you're asking about.
 
 I reckon there will be provisions to take care of any outstanding GMPP service contracts when a bankruptcy occurs, but there's no way to know what the future will hold. I don't think GM could get by with the cut-and-run trick that other defunct service contract companies have gotten by with. This is one situation where the drive-by media might actually do the consumers some good.
 
In your situation, I'd cancel the Fidelity contract and hold tight to my money. You have control over your vehicle--take good care of it and you will be just fine.
#2650 of 2873
Re: still confused about warranties [sharonohio] by rnixon
Apr 17, 2009 (10:18 am)
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Replying to: sharonohio (Apr 17, 2009 7:46 am)

She's right they make more money on fidelity warranties. GMPP's are expensive, and most GM dealers shy away from selling for that reason. Yes your factory warr will be honored, no matter what, but GM extended warranties are actually a separate business entity than GM, so that part will be up in the air for a while. I personally don't like Fidelity service agreements (warranties) because I've had some problems with them paying, I always got my money, but had to beat them up on the phones sometimes to get it.
#2651 of 2873
Re: still confused about warranties [sharonohio] by deltheking
Apr 17, 2009 (10:48 am)
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Replying to: sharonohio (Apr 17, 2009 7:46 am)

Sharaonohio,
Yes the dealer makes more money on a 3rdparty warranty than the factory one.That`s why they offer you that.
But the aftermarket warranties are worthless- they have so many exclusions and they don`t pay any claims.
So go ahead and cancel the Fidelity warranty.Fidelity has horrible BBB ratings and they are a big ripoff.
Buy an original manufacturer factory GM warranty from any dealer in USA.You can do an online search or look up Chevy/GM forums for the dealers selling this.
A Chevy Cobalt definitely needs an extended warranty ,,an origina lFactory GM warranty,,that is...
#2652 of 2873
Re: still confused about warranties [deltheking] by mitzij
Apr 17, 2009 (10:59 am)
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Replying to: deltheking (Apr 17, 2009 10:48 am)

In defense of the Cobalt-they are sturdy little buggers. Have seen few problems out of them. Too soon to really tell if there will be trouble on higher mileage ones, but the ones we've seen so far have been very good. Their cousin, the HHR has a good record so far, as well.
(in the interest of full disclosure-I work for a Chevy dealer)
#2654 of 2873
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [mikefm58] by rnixon
Apr 17, 2009 (11:34 am)
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Replying to: mikefm58 (Apr 15, 2009 2:48 pm)

I get asked for info. everyday, and give it. If you didn't get it request again, and let me know it's you and I'll make SURE you get it. I don't hide, and for ol' deltheking to say it looks like something you could copy anywhere tells me, he either doesn't have a clue what he's talking about or is just being plain dishonest.
You guys out there following, please go see for yourself, don't take the word of a knowitall without the guts to back it up as I have. I went to the trouble to set up a site, I negotiated with companies to do this and I put myself out there. I'M NOT HIDING ANYTHING!

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