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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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#2740 of 2873
Re: Help! [joel0622] by jipster
Jun 03, 2009 (1:13 pm)
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Replying to: joel0622 (Jun 03, 2009 11:07 am)

I have sold over 35 Ford VSC to people off this site and never violated the TOS once
 
Nice job on that joel. I've always thought the more reliable the vehicle the less money you will pay on a VSC/extended warranty. How does the cost of a typical Ford VSC compare to the other brands? I'm guessing about in the middle.
#2741 of 2873
Re: Help! [jipster] by joel0622
Jun 04, 2009 (4:35 pm)
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Replying to: jipster (Jun 03, 2009 1:13 pm)

You might be suprised. I used to think the same thing till I started visting here and began studying the Honda VSC prices paid thread. Ford VSC's are in allot of case cheaper then a honda VSC and where theres have to be within the first 6000 miles for the best deal we are 12000 miles.
#2742 of 2873
Re: Help! [joel0622] by jipster
Jun 04, 2009 (5:16 pm)
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Replying to: joel0622 (Jun 04, 2009 4:35 pm)

Ford VSC's are in allot of case cheaper then a honda VSC and where theres have to be within the first 6000 miles for the best deal we are 12000 miles.
 
That's good to know. I generally don't go for extended warranties or VSC's, but if the price is right I wouldn't mind a little extra peace of mind on a new Fusion (?).
#2743 of 2873
Re: Help! [jipster] by joel0622
Jun 05, 2009 (7:03 am)
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Replying to: jipster (Jun 04, 2009 5:16 pm)

A 6yr/100K Premium Care on a Fusion FWD can be had for $870. 6yr/75K runs around $625, as long as a car is within its first 12/12. Thats with a $100 Deductible.
 
One thing I find interesting is that the VSC's I sell across my desk here in the office maybe 1 out of 50 will pay for the lower deductible. The majority are happy with the standard $100.
 
7 out of 10 people I have helped here pay extra for a $0 or $50.
#2745 of 2873
Extended Warranty. Yes or no? by jesterg134
Jun 18, 2009 (7:28 pm)
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I'm about to purchase a 2004 Volvo XC90 with 58k miles. One owner with all service records from a local Volvo dealerhsip. Vehicle is in excellent condition however the factory warranty has ended. I was looking at Paragon, Warranty Direct or Complete Automotive Repair Services for a warranty. Any suggestions on how I should proceed?
 
Thanks!
#2747 of 2873
Re: Extended Warranty. Yes or no? [jesterg134] by lukalee
Jun 18, 2009 (8:12 pm)
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Replying to: jesterg134 (Jun 18, 2009 7:28 pm)

Yes...I purchased a 2003 Mercedes C240 4 matic (62k miles)from private wholesaler vs. a dealer lot. I did have to have some work done on the air conditioner. They paid $287.00, $24 and the sales tax was not covered. The private mercedes repair shop owner said it's a must to have an good warranty on cars of this age because all electronics. He was highly recommended and his specialty is German cars for 30 plus years. I paid $2700 I think for 4yrs 100k miles and no deductible. I dont want any unusual high expenses in the future. Pay now or later no free lunch. He said over time I'd get my money back. And his hourly rate is $55.
Good luck
#2748 of 2873
Re: Extended Warranty. Yes or no? [lukalee] by mikefm58
Jun 19, 2009 (2:59 am)
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Replying to: lukalee (Jun 18, 2009 8:12 pm)

I disagree, especially with a 3rd party warranty. Many of us here have been burned when the 3rd part warranty company went bankrupt or used every word in the fine print to wiggle out of paying a claim or used inferior parts when they finally agreed to pay.
 
I just purchased an 08 Chrysler Sebring from Carmax and have no plans on buying the Chrysler backed warranty for 2 grand. For that price, that's a major engine or tranny repair. Rolling the dice? Maybe, but the odds are in my favor and even if I have to shell out the bucks, it won't kill me.
 
All you're buying is peace of mind and I don't get that by starting out 2 grand in the hole hoping something will break down and I get my money back.
#2749 of 2873
Re: Extended Warranty. Yes or no? [lukalee] by jesterg134
Jun 19, 2009 (4:09 am)
Reply

Replying to: lukalee (Jun 18, 2009 8:12 pm)

Thanks for the information. I'm still torn as a lot of individuals seem to have been burned by third party warranty companies from what I'm reading. So I'll do some more research and go from there.
 
Have a great weekend!

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