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Warranties Backed by a Risk Retention Group

68 messages,  Last post on Sep 16, 2009 at 11:47 AM

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What is this discussion about? Car Warranties

Messages Page 7 of 7

#59 of 68 Extended warranty on my old beaters? by oldfarmer50

Nov 04, 2007 (4:02 pm)

Today I received a mailer offering extended warranty coverage because: "Your warranty is about to or already has expired".
 
Which of my vehicles should I put the EW on?
 
1) 1985 Ford F-150 with over 250K miles.
 
                or
 
2) 1997 Chrysler Cirrus with about 100K miles.
 
I'm thinking the Ford because I hear they really fall apart after 260K miles.

#60 of 68 Re: Extended warranty on my old beaters? [oldfarmer50] by mitzij

Nov 05, 2007 (5:31 am)

Replying to: oldfarmer50 (Nov 04, 2007 4:02 pm)
I received one of those, too! My 16 year old Chevy needs a new catalytic converter-is that covered?
 
260k? That Ford's just getting broken in!

#62 of 68 does Toyota offer an extended warranty on used car bought from retail seler by yohohikr

Apr 16, 2008 (8:43 pm)

Got the notices about extended warranties and have read several in depth, who's best to analyze the terms, a lawyer or MIT mechanical engineering graduate,
I'm neither. Is there a simple, comprehensive , user friendly extended warranty out there for a Toyota highlander under 36000 miles?

#63 of 68 Re: does Toyota offer an extended warranty on used car bought from retail seler [yohohikr] by mitzij

Apr 17, 2008 (7:58 am)

Replying to: yohohikr (Apr 16, 2008 8:43 pm)
simple? No such critter exists. Nessie is less elusive.
 
comprehensive? No. The closest to comprehensive is a manufacturer-backed plan. Everything else is junk.

user friendly? What? You think they want to pay claims? Keeping you confused is their goal. And they do a fine job!

#64 of 68 What happens to GM warranties if they fold? by crisismanager

Nov 15, 2008 (4:52 pm)

I have a 2009 Saab on order and Saab appears to be 100% owned by GM. If GM "folds" as a business, does my manufacturer's warranty go bye-bye with it?

#65 of 68 Re: What happens to GM warranties if they fold? [crisismanager] by volvomax

Nov 17, 2008 (3:17 pm)

Replying to: crisismanager (Nov 15, 2008 4:52 pm)
Generally speaking, when a manufacturer departs the scene, they have to make provisions to honor existing warranties.
However, even if GM declares bankruptcy, they aren't going to fold up like Packard or Studebaker or Nash.
They will remain in business much like one of the airlines.

#66 of 68 Toyota vs other extended warranty by solitare

Jan 24, 2009 (8:49 pm)

I want to purchase an extended warranty for my
06 Camry. I have been given a price from Mercury Ins as much less then Toyota. Which kind of plan is better--Platinum, Gold or Silver?
 
Is it safer to buy from Toyota even though the price is more?
 
Thanks
 
BMom

#67 of 68 Re: whats the difference? [joel0622] by carrgdeprcvr

Sep 10, 2009 (2:01 pm)

Replying to: joel0622 (Sep 28, 2007 8:43 am)
What was the source of this long read? It looks like this would be some useful material for our receiverships of these RRGs and the obligors (warranty or vehicle service contract companies) they insured.

#68 of 68 Re: whats the difference? [carrgdeprcvr] by superocean

Sep 16, 2009 (11:47 am)

Replying to: carrgdeprcvr (Sep 10, 2009 2:01 pm)
I wouldn't touch an extended warranty from anyone else than the manufacturer. If you offer anyone EW without seeing the car and it's condition, then you aren't doing business to protect and offer services, but to just get peoples money and jump ship once you have the money.
Get a discounted manf warranty online from auth dealers who sell warranty in quantity online. That's what i'm going with. Saved me $$ too.
 
IMO EW business is the same as the subprime mortgage originators, 90s long distance telecom slammers, and acai berry trial offers.
If you are not a big corporation that i can shame and sue in court, you aren't getting my business. I refuse to chase down lousy florida scammers who will have moved onto the next scam. How much can I get for gold hoop earrings from the 80s?

Messages Page 7 of 7

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