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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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#2809 of 2870
Re: After GM certified 12/12000 is up? [sky23213] by mikefm58
Sep 29, 2009 (6:45 pm)
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Replying to: sky23213 (Sep 29, 2009 12:25 pm)

So was Warranty Gold's
 
Speaking of Warranty Gold, I decided to check out their website again for any updates and they've posted a list of combined repair and refund claims and see my name there for $708.13. A bunch of people with actual repair claims they never paid, bet they're royally ticked.
#2810 of 2870
Mastertech Extended Warranty by raa1
Oct 01, 2009 (8:37 am)
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Mastertech Extended Warranty. Getting ready to pull the trigger on a 2006 Corvette. I have the option of getting it a certified Chevy/GM warranty 12 Mo-12K miles and the balance of the5 year 100K power train warranty. The F & I guy at the dealership is offering me a 4 year 60K warranty in liew of the GM cert warranty for approx $1500. has anyone ever heard of this company? Are they reputable. Any problems aout there. Its supposed to be a bumper to bumper warranty. It is administered by American Financial Warranty Company.
 
http://www.afasinc.com/OurProducts/OurProducts_VSCs.shtml
 
http://www.mastertechvpp.com/
#2811 of 2870
Re: Mastertech Extended Warranty [raa1] by carnetguy
Oct 01, 2009 (9:08 am)
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Replying to: raa1 (Oct 01, 2009 8:37 am)

haven't heard of this company but any time you have one company selling, another company administering and probably a third different company insuring the contract it is a recipe for disaster. The finance guy is offering what he makes the most $ on. Stick with either the manufacturer or a household name company that is vertically integrated (one company owns the administrator and insurer and are completely on the hook for claims) like Zurich, JMA, CNA, Allstate, Wachovia, etc.
#2812 of 2870
Re: Mastertech Extended Warranty [raa1] by deltheking
Oct 01, 2009 (9:11 am)
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Replying to: raa1 (Oct 01, 2009 8:37 am)

As folks here will always suggest,never buy a 3rd party ext warr.They always are ripoffs or scams and do not cover anything with so many loopholes. Buy a GM manuf. ext warr either online at any GM dealer site or in person at any GM dealership.The finance managers push these 3rd party warr as there is more profit in these for them.For them,not for you.For you is is total crap.
Even the US govt backed GM and Chrysler warr when they went bust.Would they back some crappy 3rd party aftermarket warr ??Hell no.
And search GM forums online on Google or on edmunds forums.They have a list of GM dealers offering GM ext warr at very good prices.Not necessary that you buy a warr at your purchasing local dealer.
Hope this helps.
#2813 of 2870
Re: Mastertech Extended Warranty [carnetguy] by deltheking
Oct 01, 2009 (9:15 am)
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Replying to: carnetguy (Oct 01, 2009 9:08 am)

Again all 3rd party warr companies irrespective of how big they are like Zurich, JMA, CNA, Allstate, Wachovia, etc. as you suggest are useless.Warranty Gold was a big company with good BBB ratings.Look what happened. They went BK.
So never ever buy an ext warr from any 3rd party.Too many folks have been burnt by these crappy 3rd party warr.Always buy a manuf ext warr whether it be a GM/Honda/Ford/Toyota etc.
#2814 of 2870
Re: Mastertech Extended Warranty [deltheking] by nortsr1
Oct 01, 2009 (11:26 am)
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Replying to: deltheking (Oct 01, 2009 9:15 am)

I always buy the factory OEM warranty...but what about AAA. I never see anyone posting about this and yet they are a reputable firm that has been around like forever????
#2815 of 2870
Re: Mastertech Extended Warranty [nortsr1] by deltheking
Oct 01, 2009 (11:41 am)
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Replying to: nortsr1 (Oct 01, 2009 11:26 am)

AAA only provides insurance not extended warranties.Funny thing is,I called them and they said they do not provide ext warr but suggested to me to buy the Manuf warr and never a 3rd party one because in their own words- "We are not hearing too many g0od things about the 3rd party ext warr"" And I was pleasantly surprised with this honesty
Well it cant get clearer than that.Even AAA advised me to stay clear of these 3rd party warr and to only buy the manuf ext warr..Go figure!!
#2816 of 2870
Re: Mastertech Extended Warranty [deltheking] by jipster
Oct 01, 2009 (6:23 pm)
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Replying to: deltheking (Oct 01, 2009 11:41 am)

You sure about that? I saw a AAA ad for extended warranty a few months ago.
#2817 of 2870
Re: Mastertech Extended Warranty [jipster] by deltheking
Oct 01, 2009 (7:37 pm)
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Replying to: jipster (Oct 01, 2009 6:23 pm)

Yes, I am sure because the AAA sales rep himself told me on the phone.And he himself advised to go with a manuf ext warr. As I have auto insurance with them and I was talking about my policy with them,out of curiosity I had asked him about AAA auto ext warr and that`s when he gave me this info.. I was impressed with his honesty.
#2818 of 2870
Re: Mastertech Extended Warranty [deltheking] by bekins2
Oct 01, 2009 (11:51 pm)
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Replying to: deltheking (Oct 01, 2009 9:11 am)

Curious,when i went to GMAAP? and filled out the info all i got was different dealers,who would not give me a price till my 12/12000 GM expires.I just wanted to get the onfo so i could budget the money for when it ends in a year.Is this normal and does anybody know do different dealers offer different prices?Is there a way to get a ballpark online for GM?Just want to have the money in hand and not get raked over the coals in 11 months. Thanks for any info.I tried the GM forum but didnt find the warranty part.

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