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Smart Shopper Auto Warranty Broker
108 messages, Last post on Sep 20, 2008 at 4:15 PM
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I came here looking for advise on my GMC and somehow feel into this discussion. I can tell you staright up that I love my extended warranty. I bought it late last year from a broker called Auto warranty Associates, in Arixzona. I'll put the web address in later, but anyway I was originally going to buy from my dealer. I bought the Denali used with 30K and they were going to hit me for a little over 3000.00 just to get me to 75K. Finance another 3k in the deal for 6 years and pay interest too, no way. Anyway to make a long story short I went online and talked to at least a dozen brokers or companies. I got prices from 1000.00 uop to 2000.00 for all kinds of warranties. Anyway these guys told me not to be in a hurry that I had 5k left on my warranty take my time and shop. So I did, I read through all the quotes I got and every time I called them they had an answer. It was the most low pressure sale I've ever been in. The warranty company I bought was Ultimate Warranty out of Pa. I have filed one small claim on the cooling system and it was covered. Here is the address for their web site http://www.autowarrantyassociates.com SirBT
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| Tell us if you feel the same way after you make some claims. | |
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Replying to: sirbt (Aug 07, 2004 8:18 am) |
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GM, Toyota, Chrylser, Ford, etc.... warrentees are more expensive -- not because of the the markup -- but because they stand behind thier products. Other companies do not give a darn if you are happy with the car. However, the manufacturers will pay off much easier than other companies. All extended warentees/Service plans have 50% markups. And remember, if the deal is too good to be true, it probably is. |
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Just hope they are still in business when you need them. so many of these warranty companies have come and gone it's impossible to keep track. When something is cheap, there is usually a reason. |
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out is that dealerships don't always like to sell warranties to folks off the street, because by the dealer agreement with GM, Ford, Honda, whoever, the dealer "certifies" the vehicle not to have any current problems, no accident damage, perfect title status, etc. It only takes having the manufacturer slam you once before making a couple hundred bucks on a warranty isn't worth it anymore. Been there, dont that, got the t-shirt. |
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no one is denying your points, especially that manufacturer's warranties are the only way to go (other than keeping the money in a short term money market account. My point of view is this: 1. I bought a Ryan Warranty for my 626 in '96 for $650. I put $3,500 in repairs on that warranty. Ryan paid out each time without any problem. Obviously Ryan lost on my deal. Is that why it costs $2,000 for a warranty 8 years later??? 2. Why offer an extended warranty at all if you don't want your GM salespeople to sell them?? I had to initiate the conversation with my GM finance officer. Seems to me that he would have at least broached the subject since that is his job (I guess he didn't want to earn his t-shirt). He didn't care to give me anything more than the retail price. I don't do retail 3. Of my 30 e-mails to GM dealerships asking for their best price on a warranty for a Cat II vehicle, why did 3/4th of them ignore my e-mail?? Why did half of the ones who responded quote me the retail book price? I love retail in the US. Business people do some pretty stupid things, which explains why over 50% of start-up businesses go OUT of business. Bottom line, if they don't want to sell them, then stop selling them. If you want to sell them, then give us educated people our due......don't give us a bogus "take it or leave it" price. And for the less than educated, why not give them a "price they cannot refuse" to get them to shell out more $$, instead of quoting them extremely high prices for a warranty??? Sorry, seems like dumb business practice to me!
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"I had to initiate the conversation with my GM finance officer" If any of the GMs I've worked for were ever told that by a customer, they'd help the F&I Manager clear his/her belongings out of the office... |
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Replying to: maxx4me (Aug 07, 2004 4:15 pm) Discounting their product is one of those stupid things that cause business failures. Some people will automatically ask for discounts on everything even though the price offered may represent a good value. |
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Replying to: sirbt (Aug 07, 2004 8:18 am) The 2 guys who own Auto warranty associates worked somewhere else before they started on 8/17/04. If you bought an Ultimate warranty from them, it is illegal and a stolen contract. Better call and check to see if you have coverage. Ultimate does not sell its product direct to the public only through dealerships or private label programs. Try www.extendedautowarrantybrokers.com for a true broker and real experience. |
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