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Auto Warranty Broker

109 messages,  Last post on Nov 13, 2009 at 12:13 PM

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What is this discussion about? Car Warranties

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#25 of 109 Re: Dealership is Sticking it to ya' [sirbt] by maxx4me Aug 07, 2004 (11:29 am)
Replying to: sirbt (Aug 07, 2004 8:18 am) it is amazing that GM is too stupid to offer their extended warranties at a reasonable price, that they lose business from people like yourself. Sadly, few people know that they can negotiate the price on GMPP, and can also buy one at a great rate from two different internet outfits (one in PA, one in IA). I think it is time that people start bundling their negotiations on their prospective GM purchases, coupling the warranty with the purchase of the car. By doing so, these dealers would not just lose the warranty business (which most of the dealers don't care about since they think you'll be coming back to them for future service with cash in hand), but lose the car sale as well. I wish you well with your warranty SirBT. I think we would all be better simply puting our money under our pillows for when we have a mechanical breakdown; and then when the car breaks down, taking it to an independent repair firm.
#26 of 109 why manufacturers esp's are more expensive by manamal Aug 07, 2004 (1:33 pm)
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.
#27 of 109 Yeah..and... by isellhondas Aug 07, 2004 (2:40 pm)
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.
#28 of 109 Something you folks are leaving by driftracer Aug 07, 2004 (3:29 pm)
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.
#29 of 109 by maxx4me Aug 07, 2004 (4:15 pm)
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! Replies to this message: isellhondas (Aug 08, 2004 6:32 am)
#30 of 109 Wow! by driftracer Aug 07, 2004 (6:01 pm)
"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...
#31 of 109 Re: [maxx4me] by isellhondas Aug 08, 2004 (6:32 am)
Replying to: maxx4me (Aug 07, 2004 4:15 pm) You are correct. Some business people do some very stupid things.   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.
#32 of 109 Re: Dealership is Sticking it to ya' [sirbt] by nancyw Dec 16, 2004 (8:35 am)
Replying to: sirbt (Aug 07, 2004 8:18 am) Sounds like you work for Auto warranty associates. They have been in business for a few months and have little or no experience. I called Ultimate and they have never heard of them.   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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