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#3085 of 3162 Re: Extended Service [gapvendor]
Apr 13, 2012 (3:22 pm)
Thanks for sharing this info with us, I looked into ASC and I am impressed. Especially since buying a used car, it has low mileage for a 2009, but since it is for my daughter who just started working, worried about repair bills for her. This helps alot. I do appreciate it.
#3086 of 3162 Florida Law regarding extended warranty pricing
Apr 15, 2012 (10:34 pm)
I purchased a new vehicle recently. After talking to the finance guy about extended warranties, I was told in Florida, they are not able to adjust or negotiate the extended warranty price. When I asked him for the specific law, he could not tell me.
Is this true? I can not find any information regarding this anywhere. Other than one person trying to find out the same thing after a purchase in 2009.
#3087 of 3162 Re: Florida Law regarding extended warranty pricing [bnivrm]
Apr 16, 2012 (7:01 am)
I don't know about Florida in particular, but I know I would never, ever, buy an extended warranty at closing, that is the MOST expensive place to buy it. He will say ANYTHING to get you to buy. Just say no, you don't have to buy it then, anyway.
#3088 of 3162 Re: Florida Law regarding extended warranty pricing [bnivrm]
Apr 16, 2012 (5:05 pm)
Yes it's true.
Florida considers Extended Warranties a form of insurance. It's pricing is regulated by the insurance commission and cannot be discounted. Further, many manufacturers will not allow dealers outside the state to sell warranties to Florida residents again due to the insurance commission regulations.
Apr 17, 2012 (4:50 am)
As stated, my understanding is [ and I am neither a lawyer nor a resident of Florida ] that Florida motor vehicle extended warranties are legally covered as \ treated as insurance.
They may be the only state that does so.
http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-- - 0699/0634/0634.html
634.1815 and 634.282 appear to include specific reference to uniform pricing. Most specifically, I suspect:
'(6) UNFAIR DISCRIMINATION.—Knowingly making or permitting any unfair discrimination between individuals of the same actuarially supportable class and essentially the same hazard, in the amount of premium, policy fees, or rates charged for any motor vehicle service agreement, in any of the terms or conditions of such agreement, or in any other manner whatsoever.'
Georgia resident . . .
#3090 of 3162 Re: Florida Law regarding extended warranty pricing [robr2]
Apr 17, 2012 (9:04 am)
So many reasons not to live in Florida! My favorite is the crazy $600 document fees! And of course, the Stand Your Ground lunacy! Florida sometimes seems like a third world country.
#3091 of 3162 Re: Warranty Solutions [valsblondies]
Apr 20, 2012 (12:35 pm)
I bought a used 2006 Toyota Highlander Hybrid from a Toyota dealer and bought the Warranty Solutions warranty thru the dealer. I have used to twice, for a $600.00 dollar wheel bearing replacement and for a total of $1800.00 for a air conditioner condenser and a radiator replacement at a Toyota dealer. Both times the dealer called them for authorisation, they approved the wheel bearing over the phone and sent a adjuster out to OK the second repair. Everything went smooth no problems. The warranty has payed for itself.
#3092 of 3162 Re: Florida Law regarding extended warranty pricing [billy3554]
Apr 23, 2012 (5:32 am)
My favorite is the crazy $600 document fees
If you're any kind of negotiator it's very easy to get them to increase your trade in or reduce the selling price by the amount of the dealer fee.
And I'll take Stand your Ground over anti-gun high tax liberal states like CA, NY, MD, Mass, and Illinois any day.
#3093 of 3162 Re: Florida Law regarding extended warranty pricing [mikefm58]
Apr 24, 2012 (4:32 am)
Yes, any alert negotiator should easily negotiate away the dealer fees!
Stand your ground - such a vague phrase with so many interpretations. In Maryland stand your ground generally means standing strong against such things as outrageous dealer fees. A vast difference from Florida's interpretation of the phrase.
To set the record straight and factual, we progressives in Maryland are not anti-gun or high tax lovers. It is true we do recognize the value of sensible fire arm regulation as well as the value of well spent taxes and well designed tax laws. We truly do understand the Second Amendment along with most of the others.
I think Rhode Island, Vermont, Oregon and Washington should be in any list of "anti gun high tax liberal states." All very nice places to raise a family in relative safety, in case anyone is interested in such things.
#3094 of 3162 Re: Florida Law regarding extended warranty pricing [robr2]
May 13, 2012 (5:52 pm)
I found this revision recently for Florida. It might be the one thing I am glad about Rick Scott. I found this in a different forum.
Motor Vehicle Service Agreement - Forms & Rate Issues
As a result of SB 2176, effective 06/01/2010, the requirement that forms and rates for motor vehicle service agreements (also referred to as an auto extended warranty).be filed and approved by the Office of Insurance Regulation has been lifted.
By July 1, 2011, each service agreement sold in this state must be accompanied by a written disclosure to the consumer that the rate charged for the service agreement is not subject to regulation by the OIR. A service agreement company may comply with this requirement by including such disclosure in its service agreement form or in a separate written notice provided to the consumer at the time of sale.
The OIR may order a service agreement company to stop using a form that:
1. Is in violation of or does not comply with the Florida Insurance Code or an Administrative Rule.
2. Contains any inconsistent, ambiguous, or misleading clauses, or exceptions and conditions which deceptively affect the risk purported to be assumed in the general coverage of the service agreement.
3. Has any title, heading, or other indication of its provisions which is misleading.
4. Is printed or otherwise reproduced in such manner as to render any material provision of the form substantially illegible.
5. Contains any provision which is unfair or inequitable or which encourages misrepresentation.
6. Contains any provision which makes it difficult to determine the actual insurer or service agreement company issuing the form.
7. Contains any provision for reducing claim payments due to depreciation of parts, except for marine engines.