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Extended Warranties

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Comments

  • mitzijmitzij Posts: 612
    What work did you have done? What mileage?

    Does the service contract read 'Warrantybuynet', or another company?

    How much time/mileage is left on the contract?
  • shieattshieatt Posts: 75
    I have a Volvo "VIP" extended warranty on my 2001 V70 - terms are 84 months or 100,000 miles and a $100 per visit deductible. I took my car to my Volvo dealer with just over 60,000 miles with complaints of (1) a knocking sound in the suspension and (2) an oil leak. As to (1), the dealer found broken sway bar end links and a broken upper torque mount, which they fixed under the warranty, and as to (2) the invoice state "could not verify oil leak source at this time. Cleaned off the oil from the side of the block. Customer to return at later date to try to find the source of the leak." When I picked up my car, I paid the $100 deductible. I returned two weeks later as instructed, and after 5 weeks with my car and arguments between the dealer and the warranty company (which is not Volvo, but an independent subsidiary of Ford), I finally got my car back yesterday apparently fixed after completely disassembling my engine, replacing a "viscous seal" and putting it back together. To my great annoyance, they charged me another $100 deductible. Had heated conversation with warranty company, and they insist it is a seperate visit and will not waive the second deductible. Of course, my point is that both problems were reported in the same visit, and the second visit was required for diagnosis of the problem and in essence was part of the same repair. Am I off base? They do not seem to be budging - $100 is not the end of the world, I hate being nickel and dimed when I paid $2200 for this supposedly "Volvo" certified warranty.
  • fimo_sfimo_s Posts: 14
    I purchased 2000 Toyota Avalon XL w/73000 miles in good condition.Was offered an extended warranty: Quality Guard plus.Administered by Nissan North America,inc and backed by Nissan extended service corp. for $1200.
    Should I consider to buy it or not? Need an advice.
  • mikefm58mikefm58 Posts: 2,882
    Going by the strict definitions in the lease, a visit is a visit, thus an extra $100. But I agree with you though, it is really picky.
  • mikefm58mikefm58 Posts: 2,882
    Hmmm, being backed by Nissan sounds pretty good. Why not call the Toyota dealer where you could take it for warranty claims and see what they think? If they honor it and $1200 gives you peace of mind, then go for it.
  • rsb8rsb8 Posts: 1
    A friend of mine, whom I'm trying to help, is having the exact same problem. in addition, the insurer (toyota) asked the mechanic to open the engine to check the source of the problem and now they want to charge her for all the repairs and not cover a penny of it.

    what happened to you? any advice greatly appreciated.
  • eroseros Posts: 27
    "I just got off the phone with Greenfield, Mass about the extended warranty and the best number he could give me with a 7 Year, 100K, 0 Deductible, Comprehensive, was $1334.00"

    George, that figure seems too high to me. I purchased a 7 year, 75,000K, 0 deductible, Platinum warranty for a RAV4 4WD for only $600. I didn't inquire about the prepaid maintenance plan.

    eros
  • tds1tds1 Posts: 73
    Purchasing a Mercedes Benz and the dealer talked me into a third party warranty (EZ Care) instead of MB warranty. I have 60 days to cancel and I am already thinking the original factory one is best. Any thoughts? Why wouldn't the dealer recommend the factory extended warranty? She claimed factory warranty wasn't refundable but I somehow doubt there wouldn't be claims!
  • nortsr1nortsr1 Posts: 1,060
    The reason the MB dealer sold you a third party warranty????? Very simple answer....The dealer makes MORE MONEY on that particular warranty than the OEM warranty.The original OEM warranty is always the best way to go if you are set on purchasing a warranty.
    I never had a MB, but if you intend to keep it beyond the original warranty, from what I have read about the cost to repair MB's, than, yes, it would probably pay you to get the OEM warranty.
  • fsmskfsmsk Posts: 3
    I have a 2005 RAV4 (9700 Miles) with a salvage title and I am looking for after market Warranty for it. Any suggestions? I am thinking about talking to the local Toyota dealer. I don't have a problem with them looking over the RAV4 - it turned out great after the repair. Where should I look for a after market warranty for the Toyota if the dealer says they can't give me one??? anyone???
  • fsmskfsmsk Posts: 3
    I have a 2005 RAV4 (9700 Miles) with a salvage title and I am looking for after market Warranty for it. Any suggestions? I am thinking about talking to the local Toyota dealer. I don't have a problem with them looking over the RAV4 - it turned out great after the repair. Where should I look for a after market warranty for the Toyota if the dealer says they can't give me one??? anyone???

    I would cancel the third party warranty and purchase the Mercedes Benz Warranty. I have a 2006 Toyota 4Runner and purchased a Toyota warranty because I have read some bad stories on this web site about third party warranties for New Cars.
  • tds1tds1 Posts: 73
    I went ahead and cancelled the third party warranty. Thanks for the advice!
  • mitzijmitzij Posts: 612
    I don't believe there are any service contract companies that will cover a vehicle with a salvaged title.
  • mikefm58mikefm58 Posts: 2,882
    No company in their right mind will warranty a vehicle with a salvage title. Especially a late model vehicle like a 2005. It had to have been in a serious wreck to be totalled out.
  • audia8qaudia8q Posts: 3,138
    dealer talked me into a third party warranty (EZ Care) instead of MB warranty.

    I am not familiar with MB ext warranty but I can tell you that easy care isnt the typical aftermarket warranty...easy care is owned by Ford and they back the factory labeled ext warranties for quite a few automakers....ford, honda, acura, volvo, jaguar, mazda etc.....

    I always suggest that people only buy factory backed warranties...just wanted to clarify who easy care is and who backs them. Its not like an ext warranty that is backed by some mysterious third world nation. ;)
  • iriemoniriemon Posts: 4
    I recently bought a 2003 Acura CL Type S. It currently has 49,500 miles on it and falls just outside the VIN range of affected vehicles in Acura's A/T recall. I am thinking about buying an extended warranty thru Acura as I am a little concerned that the A/T issue may not be isolated to the identified 2003 VIN's. Any thoughts...good idea, bad idea?? Any and all comments welcome...

    Thanks!
  • I see validity in your point I had an extended warranty on my maxima and I've only had to use it once.
  • I purchased a Powershield contract form Warranty Direct and found out today that they DO NOT cover normal wear and tear. Now I purchased the Powershield, power train only coverage, for a high mileage pick up truck, 149k miles - 5yr/100K coverage, then found out they don't cover normal wear and tear. I had a long discussion with Robert a cliam supervisior about this issue. And after talking with him, my feeling was that I would be fighting every claim I would make with them. Now, since I had not made a claim I was able to get a refund ( I hope to see it).
  • ekueku Posts: 1
    GEICO coverage is the best thing happened to me. I insured Chevy Impala 2000 for seven years, which turned to have a persistent coolant leak problem and I had it fixed several time for the duration of the coverage for $250 deductible. It costed me $14 or so a month to have coverage (so about $170 a year - $1,190 for 7 years). Each repair bill would be about $2,000. I am not sure if GM even covers for seven years. So if you are buying a car from GM, Ford or similar kind with history of mechanical problems -- GEICO is a MUST.

    IMPORTANT -- You can go to ANY repair shop - not necessarily dealers (who might be the one who sold you the lemon in the first place).

    ALSO: The process is very easy - they approved most of the repairs on the phone with the shop and pay them using their credit card. If dealers are lazy and do not want to help with the processing - find another one who can - again you DO NOT have to go to a dealer.

    BOTTOM LINE - Go for GEICO
  • I am pretty sure that no one will offer a warranty on a salvage vehicle. That vehicle was totalled out by an insurance company for collision or fire, theft, vandalism, hail, water etc. Even once repaired some states will not give you a "clean"- unbranded title. Most likely the warranty company will do a CarFax report and see it was once branded as salvage anyhow. Sorry, on salvage vehicles you get what you pay for and nothing more. But if you DO find a place, let me know.
  • mitzijmitzij Posts: 612
    What coolant leak problem did you have? An intake job (most common) would be around $600-$700. If you used GM parts to repair, you would have 12/12 warranty each time it was repaired. Many service contracts waive the deductible for repeat repairs, does Geico?
  • I just bought a '03 with a little over 48K on it. Love the jeep but need a warrenty. I called the Jeep dealership and they won't sell me one. I have looked into WarrentyDirect.com and AAA 's warrenty and GEICO. I need a 3rd party warrenty otherwise I am without warrenty. I get the impresson from the board no one likes 3rd party warrenties but if you have to have one - who has a good one?

    Thanks
    :confuse:
  • Hello All,
    We're buying our first Lexus (2007 RX350) and wanted to know if anyone can share their thoughts on whether or not an extended warranty would make sense. I know how reliable they are, but we plan on keeping it well beyond the manufacturer's warranty. Any thoughts would be greatly appreciated.
  • audia8qaudia8q Posts: 3,138
    We're buying our first Lexus (2007 RX350) and wanted to know if anyone can share their thoughts on whether or not an extended warranty would make sense

    EXT warranties can be very beneficial for some folks.

    Ask yourself this question...

    When the vehicle is out of warranty and something mechanical breaks...at any given time, can you afford to pay a substantial service charge without going broke?

    thats a big one...I have known people who needed some major repairs out of nowhere and couldnt afford to get it done.

    On the otherside if you can afford a major repair but want some preotection you could self insure....put the cost of the warranty in a bank account and only use it for non-warranty repairs. If you never use it you get your money back with interest.

    Of course if you go with the warranty....make sure its one backed by an automobile manufacturer and not some aftermarket warranty company in Mongolia. The factory warranty is usually a little bit more money but well worth the extra cost.

    Good luck and enjoy your new Lexus.
  • eroseros Posts: 27
    As I mentioned earlier, I just purchased a 2006 RAV4 and decided to get a 7yr/75,000mi Toyota factory warranty. I'm not so concerned about hardware problems over the years. I worry more about the exorbitant cost of replacing electronics in the car; I previously had a Volvo which needed a new chip at 60,000 miles to the tune of $800!!!

    I'd STRONGLY recommend that you contact Toyota of Greenfield, Mass to get a warranty quote. My dealer wanted $1900 for the warranty, but I picked it up through Greenfield for $600. The warranty is issued via Toyota corporate headquarters, so you don't have to worry about obtaining it away from your own Lexus dealer.

    Good luck,
  • Hi All,

    Could you please suggest me an Extended warranty for my 2003 BMW 525i with 26000 miles. My car has BMW manufacturer warranty till April 2007.

    I got this car last week and I'm the 2nd owner of this car. I bought this car from a Non-BMW dealer. He is offering me to take 3rd party warranty from AUL corp (6years/100k/$0 deductible) for $1900.

    and also I got some online quotes from Continental for "Protective Factory plus" warranty (6years/100k/$100 deductible)for $2000. Did anybody using Protective warranty?

    As BMW is not offering any warranty after 4years/50k miles, Could you please suggest me of any reliable 3rd party warranty,

    thanks in advance,
    RK
  • statstat Posts: 19
    I love extended warranties. I wish I could sell each and every one of you an extended warranty on EVERYTHING you own. They're great source of pure profit. In fact, I live in an area where a Toy dealer is throwing in a limited lifetime warranty on every new Toyota they sell. The catch is, it's nothing more than a marketing gimmick to get the customer to perform all of their maint. at the stealership. This way, they can bleed you dry before they have to repair/replace anything under that lifetime warranty. They have a long list of exclusions (including gaskets and seals -- the two most common items needing replacement above 100k miles). Furthermore, the company underwriting the warranty is based out of an island (i'm sure they'll be around for many years to come).

    Instead of pouring your hard earned money into a worthless warranty, you're better off just paying a little extra and getting yourself a more reliable car. There are very few companies (if any) that will warrant a car past 100k anyway. That alone should tell you something.
  • :P stealership :P

    I love it! :D
  • mikefm58mikefm58 Posts: 2,882
    My thoughts exactly......Thank You.

    Another of my favorites is......Free tires for life. But as you guessed it, all the maintenance, and it's the stealer recommended maintenance, has to be done there.
  • Kirstie_HKirstie_H Posts: 10,851
    Let's not go too far with the "stealership" comments - just like everything else, there are good & bad dealerships around, and blanket insults aren't always appreciated.

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