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Smart Shopper Extended Warranties
2873 messages, Last post on Dec 02, 2009 at 2:13 PM
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Edmunds article: Third-Party Extended Warranty Scams
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Thanks man i did some heavy duty research for a ext warr for my 2005 LaCrosse CXS with 41000 on it.Your DEFINITLY right GM or whatever brand of car is ONLY way to go!You saved me some future headaches,GMPP will be covered by govt even if GM goes down thank you very much Al |
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Replying to: deltheking (Oct 29, 2009 6:06 pm) 
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My wife's BMW CPO warranty will expire in 2 weeks. I have a Porsche Boxster S whose factory warranty will expire in 6 months. Since they are both expensive cars to repair but have low mileage, I would prefer to have an extended warranty. My 1999 Porsche Boxster had a blown engine (luckily covered under factory warranty) and a number of repairs that more than paid for itself (used Warranty Direct). Unfortunately, the pricing for the WD warranty on my first car was $2k. Now they want $5k for my wife's car and probably $5-6k for my Boxster. Is there anybody else who is reputable? I won't spend $10k on policies for both cars but would spend closer to $5k. Any ideas or suggestions? Unfortunately there is no Manufacturer Extended Warranty available on either car...
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Replying to: atwnsw1 (Nov 03, 2009 6:12 pm) Yes, buy a Honda. Just kidding, few here will recommend anything but a manufacturer backed warranty, too many of us have been burned by 3rd party warranty companies like Warranty Direct. |
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I recently purchased a Ford Focus. Prior to purchasing it, I visited some websites selling the Ford ESP. I was a bit puzzled by the cost, because after being quoted a price for the warranty with no miles, or a few hundred miles, on the car - I decided to see how much the price would go up if I purchased it later. When I entered 6,000 miles or 10,000 miles the price was actually CHEAPER than if I had no miles on the car. I purchased a CNA policy on the car when I purchased it (October 31). I am still within the period to cancel and receive a full refund. The finance manager began by "knocking $800 off" to bring the price to $1650. He eventually reduced the price to $1400. But as this price was added to my financing, I am paying interest on the amount, and it looks like some sites sell extended warranties interest free. The finance manager did tell me that though the package has a $100 deductible, their dealership waives the deductible if the repair is over $300. I am not certain how much I can rely on this occurring when my extended warranty finally kicks in. I am leaning toward getting the Ford ESP, though the dealers seem to be more prone to push the CNA. I would appreciate any input in a comparison of the plans - and the best place to purchase them. |
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Replying to: jteef1 (Nov 08, 2009 11:32 am) 3rd party warr are all very limited and rip offs.You can buy the Ford ESP at your dealer or any Ford dealer in the US online .
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Replying to: jteef1 (Nov 08, 2009 11:32 am)
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Replying to: deltheking (Nov 08, 2009 12:18 pm) But after reading this thread, I am beginning to realize that could have more to do with them making a bigger profit on the initial sales, and a bigger profit on the repairs. Of course, they promote it as the "better warranty." I do notice that the online sites vary somewhat on the prices of the warranties. And again, I was puzzled that I was getting quoted a higher price to buy a Ford ESP with zero or a few hundred miles than I was with 6.000 miles or more. Does anyone have any suggestions on the best place to purchase a Ford ESP, or the best time to purchase one? Thanks!
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Replying to: raa1 (Nov 08, 2009 4:40 pm) |
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Replying to: jteef1 (Nov 08, 2009 5:56 pm) As to why the warr is cheaper with a car with 6k miles- My guess is that the car has been broken in,it has been driven for a few miles,so probably it has no problems at all. Whereas a new car is not yet driven and as of now it still is relatively unknown. I know it sounds weird and indeed it is, but that`s the best I could come up with.  Also there is a thread in Edmunds forums --Ford ESP online-- I think that`s the best place for your Ford manuf warr.
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