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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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#2781 of 2873
Re: more re: 3rd partry extended warranties [deltheking] by jipster
Aug 05, 2009 (6:05 am)
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Replying to: deltheking (Jul 21, 2009 5:56 am)

U.S Fidelis sounds pretty good. commercial: Two guys with same repair are in shop, one paid $3,500 for a new transmission, the other guy with U.S Fidelis paid "ABSOLUTELY NOTHING". Plus it's endorsed by Randy Wallace the race car guy.
#2782 of 2873
Re: more re: 3rd partry extended warranties [jipster] by deltheking
Aug 05, 2009 (7:56 am)
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Replying to: jipster (Aug 05, 2009 6:05 am)

Do a BBB.org search for US Fidelis.They are listed under 4 different names and they also are under investigation by the local Attorney General`s office.
I talked to them on the phone and they are the biggest scam around.You need to pay a deposit of $395 before even seeing the contract.And their prices are 2500-3500...Damn,that`s the price of a used car.And they were willing to cover me without inspection even after telling them out of curiosity that I have a very problematic car and a rebuilt transmission.Go Figure!
Stay away from all these aftermarket 3rd party warr.They are all scams and rip offs.An original manuf ext warr is the best!!!
#2783 of 2873
Re: more re: 3rd partry extended warranties [jipster] by joel0622
Aug 05, 2009 (2:04 pm)
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Replying to: jipster (Aug 05, 2009 6:05 am)

They are in court now for something, I saw a convo about it here some where here at Ed's place.
#2784 of 2873
Re: more re: 3rd partry extended warranties [jipster] by phyll7742
Aug 09, 2009 (8:16 am)
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Replying to: jipster (Aug 05, 2009 6:05 am)

This company has more than 1100 complaints with the Better Business Bureau.
They charge incredible amounts of money then never pay the claims.
Steer Clear.
#2785 of 2873
Warranty help needed! by psumommyof2
Aug 25, 2009 (6:58 am)
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Replying to: phyll7742 (Aug 09, 2009 8:16 am)

I bought a used 2006 Toyota Sienna yesterday. It was purchased from an independent dealership and doesn’t have the Toyota Certified backing, though it checked out fine on the carfax and mechanic says it looks great. Anyways, I purchased an Extended Warranty from them, a company called Warranty Solutions which is backed by Wachovia – was this a good move? Since I didn’t purchase it from a Toyota dealer and it’s not certified, is it possible to purchase a Toyota warranty plan or should I feel safe with the Warranty Solutions or just cancel and not go with an extended warranty? The van has 46,000 miles..thanks!
#2786 of 2873
Re: Warranty help needed! [psumommyof2] by carnetguy
Aug 25, 2009 (7:16 am)
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Replying to: psumommyof2 (Aug 25, 2009 6:58 am)

Warranty Solutions is Wachovia/Wells Fargo's service contract company purchased from GE a year or so ago. It is an extremely well capitalized company with an excellent record for paying claims quickly, at full retail amounts (some companies pay less than the full repair bill) and has the lowest recorded customer complaint ratio ( 3 of every 100,000 contracts issued ) of any aftermarket provider. So it's a good contract that will pay but it depends also on what level of coverage you purchased (5 star, 4 star, 3 star) and how much you paid. You can check prices on line at 5starwarranty.net to see if you got a good deal.
#2787 of 2873
Re: Warranty help needed! [psumommyof2] by mitzij
Aug 25, 2009 (7:19 am)
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Replying to: psumommyof2 (Aug 25, 2009 6:58 am)

You bought a service contract, not a warranty. It is a contract between you and Warranty Solutions for repairs that may or may not be needed on your vehicle. The contract you receive will tell you exactly what they do and do not pay for. It does not work the same as the Warranty a new car comes with. If (or when) Warranty Solutions goes bankrupt, you have no recourse. If (or when) you dispute a denied claim, you have little recourse.
 
With a service contract, you're basically betting that your car will need more in repairs than the amount you paid for the contract. The service contract company is betting otherwise. They set the price, who do you think wins this bet more often than not?

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