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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
| Henry why are you considering a 3rd party extended warranty after the WG disaster? Personally I probably wouldn't pay $1850 for a 2 year contract. Put the money in the bank and use it for repairs for the next 2 years. | |
| No way I'd even consider it. | |
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I'm not intending to but I just want to have an idea. Are there any fees to pay for? |
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Hi ambet Any cancellation provisions and requirements should be in the contraxt you received when you purchased. Every company is different in terms of how they handle cancellations - some pay in full, some pro-rate. kcram Host Smart Shopper and FWI Message Boards |
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In the case of WG, the contract is of no use. I cancelled withing their 60 review period. Even though the contract mentions that I should get back all the money I spent, the reality of the matter is that I am stil waiting to see 1 cent. Once money has left your hands, do not expect that you will see it again. |
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A newspaper reporter would like to talk with Smart Choice automotive warranty customers. Please respond to jfallon |
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I just purchased an 01 Yukon XL. I have 6k miles before the manufacturer's warranty runs out. This thread is a little bit too in the weeds for me. I just need some advice on extended warranties... or whatever you want to call them... are they worth it or no? If they are worth it, can I get some guidance on where to go for the best deal? Thanks much |
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| After the whole Warranty Gold thing I will never recommend a warranty for a car. The one guy is right, put the money in the bank if you have it do a 6 month cd or something just so you can't take it out. I'll never trust another company again. I would maybe only consider a warranty through the dealership because they would have to honor it. | |
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AAA has a referral program of offering extended warranties through Direct Vehicle Service Contracts. I checked them out via web www.directservicecontracts.com and spoke with their rep. It's a written contract with Lyndon Insurance. They are rated A- by AM Best. I've read so much stuff on extended warranties on edmunds that I really don't know what is true or false. I haven't read anything on the boards about Direct Vehicle. From my due diligence, this is what I liked about Direct Vehicle: they pay for the repair via corporate credit card directly to the dealer/repair shop instead of me footing the bill first and being re-imbursed; Rated A- by AM Best; good standing with Better Business Bureau; and no interest financing, but I'd like to see if anyone heard or had any experiences with Direct Vehicle. Thanks in advance |
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