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Extended Warranties

2870 messages,  Last post on Nov 23, 2009 at 4:56 PM

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What is this discussion about? Car Warranties

Edmunds article: Third-Party Extended Warranty Scams


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#2661 of 2870
Re: still confused about warranties [rnixon] by mikefm58
Apr 17, 2009 (4:45 pm)
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Sharon, I can do the same wrap 7/70k for 691.00 with a reputable company that I will be GLAD to send you info on, it you want to fill out your car info on my website.
 
You are clearly violating the terms of service by soliciting for business. If you don't see that, then you need help. I will be surprised if you are not banned by tomorrow morning.
#2662 of 2870
Why I will go with Geico Extended Warranty by mitchflorida
Apr 18, 2009 (7:20 am)
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It only costs $66 a year, covers everything except wear and tear, and has a $250 deductable. You can also wait until the car is one year old to purchase the coverage.
 
I live in Florida, so it is impossible to get a really low rate on the Internet for a Honda factory warranty, you have to buy from a florida dealership, not out of state.
 
The deductable is pretty high, but I dont expect to be using it except for emergencies anyway, Honda usually is pretty reliable.
 
Has anyone filed a claim with Geico yet?
#2663 of 2870
Re: Why I will go with Geico Extended Warranty [mitchflorida] by deltheking
Apr 18, 2009 (7:31 am)
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Replying to: mitchflorida (Apr 18, 2009 7:20 am)

Geico only covers new cars -- you have to be the 1st owner of the car,bought new and I think within 6 months.
So not an option for used cars.
I am not sure of their coverage but I think it has lots of exclusions.
You can get Honda ext.original factory warr. for a decent price online-- search google or search Honda forums online.
My advice-- even if little higher,,go with Honda factory warr.Just MHO.
#2664 of 2870
Re: dealer warranty [mitzij] by rnixon
Apr 18, 2009 (8:10 am)
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Replying to: mitzij (Apr 17, 2009 12:28 pm)

Manufacturer backed in many cases, with a couple of exceptions, usually means manufacturer sponsored. Many manufacturers contract with other warranty companies to do their warranties. Those of you working in dealerships should know that if you've been doing this a while.
#2665 of 2870
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [deltheking] by rnixon
Apr 18, 2009 (8:26 am)
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Replying to: deltheking (Apr 17, 2009 12:51 pm)

So you finally let everyone know you're not in the car business. Well I am and I ACTUALLY know how well warranties pay and who pays, because I ACTUALLY work in that business. I ACTUALLY know that third parties pay dealers more and that we in the management make out better in the long run with aftermarkets. Not only because we get paid more but make more off of them. Just because you read and have personal experience makes you no more an expert in this business, that having the ability to eat and really knowing what good food, and calling yourself a culinary expert! I know a lot about a lot of things but I keep my expert advise to the industry I live in 6 days a week.
#2666 of 2870
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [deltheking] by rnixon
Apr 18, 2009 (8:34 am)
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Replying to: deltheking (Apr 17, 2009 12:51 pm)

Oh, and another thing, aftermarket warranties can generally be used anywhere there's a certified mechanic, not JUST that particular car lines dealer. I have had several customers in the last eleven years call me from the middle of nowhere and broken down. The warranty company allowed an uncertified mechanic to fix cars to get these people taken care of, because it had to be done, and two of those people were in Alaska, each over 200 miles from the nearest certified mechanic. So don't tell people the MF backed warranties are the only way to go. It clearly is not, Mr I don't work in the car industry but I'm going to talk like an expert.
#2667 of 2870
Re: Why I will go with Geico Extended Warranty [mitchflorida] by rnixon
Apr 18, 2009 (8:43 am)
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Replying to: mitchflorida (Apr 18, 2009 7:20 am)

Had experience with them in dealership, they are hard to get money out of and coverage is usually stated coverage, not exclusionary. (unless they've changed coverage in last few years) Stated coverage is 'stated' in policy and that's ALL that's covered. Exclusionary gives you a list of exclusions, pretty much just normal maintainence and wear and tear stuff, and everything outside that list is covered. Always get exclusionary when possible (not always possible on used), it gives you better insurance against any possible denial. If it doesnt say excluded on policy then there's no question of coverage.
#2668 of 2870
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [deltheking] by rnixon
Apr 18, 2009 (8:45 am)
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Replying to: deltheking (Apr 17, 2009 12:51 pm)

You know I've been to almost every state and 4 countries, I guess that makes me a travel expert, think I'll start my own travel agency and write a blog
#2669 of 2870
Re: still confused about warranties [mikefm58] by rnixon
Apr 18, 2009 (8:49 am)
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Replying to: mikefm58 (Apr 17, 2009 4:45 pm)

guess not
#2670 of 2870
Re: 3rd party aftermarket warranty is junk,,,Factory warranty is Best [rnixon] by joel0622
Apr 18, 2009 (9:06 am)
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Replying to: rnixon (Apr 18, 2009 8:26 am)

In the 15 years I have spent in the car biz I have been duped into offering AM VSC's twice and ended up throwing them in the trash both times. Neither one of them delivered as promised.
 
There is nothing comparable to a the Manufactures plan. I have never had a claim denied, never had to wait for some one to come in 3 days later and inspect the car prior to authorizing repair and we don't have to wait on our money. All things I had to do with the sub standard AM VSC's, and all things that inconvienced the customer.
 
The thing people don't think about is when some one sells you a bill of goods and you offer it to the consumer it is not the AM rep who has to listen to the consumer bitch about the crappy VSC, it is me, the guy that sold it to them based of the empty promises the provider made. You can have your bigger commisions on your AM crap. A $100 a copy or soisn't worth the headache to me.
 
BTW I was under the impression we still had a no solicitation rule here. If it changed some one please tell me so I can start offering a good product.

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