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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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hi tballpe Unfortunately, that is like asking what the invoice price is on an oil change. While cars have the whole MSRP/Monroney label regulation and publically released invoices, the extednded warranty is not part of the car and is not subject to the same release of information. The best thing you can do is shop around - all VW dealers can sell you the factory plan, so call a few and ask about the same coverage. kcram Host Smart Shopper and FWI Message Boards |
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| Thinking about a 1999 Saab plus a warranty. Any one ever hear of an outfit America's Choice out of Pa. Any know if the AAA extended is any good. | |
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There was a recent story in a Chicago newspaper about extended warranties offered by National Warranty and Warranty Gold (both the same company apparently). The underwriters for their extended warranties went into default and the company stopped paying for repairs on vehicles. You can check the story out at this webiste http://www.chicagotribune.com/news/chi-0308300254aug30,1,253598.s- tory The moral of the story is, take care of your car and pocket any money you'd put towards an extended warranty. You'll be better off in the end if you simply pay for your repairs when the situation demands. |
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For further information on the rise in complaints on extended warranties (along with more information on the state of National Warranty which is now insolvent) check the following website http://www.consumeraffairs.com/auto_warranty/ |
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| I'm glad the article went through on Saturday from the Chicago Tribune. I've filed complaints with everyone and didn't even think to file with the Illinois attorney general. According the rest of the article in the Trib only 12 people have complained in Illinois. I'm sure there's more than that in Illinois. I mainly thank the Edmunds site for hooking me up with the Trib. Rick Popley did an awesome job on the story. I love the fact that Kurt from WG says it was highly unlikely that I wasn't told about the insolvent NWIG. Wow, let's think about that. Would anyone in their right mind continue to pay a company that they know wont pay there claims? Would a person say "hey let me send you my $1100 check any way?" They still continue to lie. The other women told me "your salesman shouldn't have taken your check". I told her then send it back, she told me the rest of my money after 6-6-03 was sitting in the WG account. Why won't they give it back? WHATEVER! I've emailed the general manager at WG like 4 times and he has yet to grant me a response. I emailed Walter Jacobson on Fox in Chicago so I'm hoping he got wind of the newspaper article. | |
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So they ran away to the Cayman Islands with your money, and bribed some politician to keep creditors out of that country. Nice... Just stick with OE warranties. My cousin got one for his Honda, well under a grand for 7/100 no ded, I did the same for our Subie. The manufacturers are more likely to be alive in 7 years, Daewoo and Daihatsu excepted. You also get roadside assistance included, free loaner car (upgraded, we've used this benefit already), and better resale down the road, give our plan to sell with 96k miles. Sorry 'bout all the horror stories here, but just wanted to share one positive experience with them. -juice |
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Hello, I have read this post title and it has grabbed my attention. I currently have an extended service contract which was purchased from the Ford dealer where I purchase my used car from. My car currenlty has bearings which "wore" out and a damaged crank shaft which was scratched from the "Worn" out bearings. The contract specifically states "internally lubricated parts" are covered. BUT the warranty company REFUSES to cover the bearings becuase they say they were "worn" out. And since the worn out bearings are not covered, they will not cover/repair the crankshaft which was damged by the uncovered bearings. Please, is there anything that can be done towards service contracts and legality. It specifically states the parts (interannly lubicated) parts ARE covered, but it's totally contradicted by the company saying "worn" items are not covered. How can an illegal warranty be disputed?? Please help. The repair costs were estimated aroudn 2k. Please direct me to help. -draknad |
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internally lubricated parts - I'd call the warranty's administration or customer service line. No offense, but this another real, great, tried and true reason NOT to buy an aftermarket (private) service contract. |
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Bearings don't wear out till after 100k [some engines go 300-500k] UNLESS the oil wasn't change every 90 days [severe service schedule]. Owner abuse is not covered and is their way out to deny coverage. Repair only $2,000 is pretty low for a crank and its bearings -----4-6 cylinder? What about the rod bearings and piston wrist pins and piston rings, bores? |
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