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How To Get the Best Price on an Extended Car Warranty

Edmunds.comEdmunds.com Posts: 10,059
edited September 2014 in General

imageHow To Get the Best Price on an Extended Car Warranty

Find tips for negotiating the best price on an extended car warranty, along with links to all major auto manufacturers with details of what their factory warranties cover.

Read the full story here


Comments

  • Remember, you are paying interest on the cost of the warranty as well. And as I said before, stay away from most thrid party non manufacturer warranties.
  • glam1glam1 Posts: 8
    Thanks I did not know this was negotiable.
  • jmardijmardi Posts: 0
    Unfortunately, everything mentioned above about 3rd party warranty providers is correct. Maybe they don't make as much money as described in the article (double?) but they do charge extra for selling the service. But isn't everything sold like that these days?
    It doesn't matter where you go, Target, Macys, AutoZone, etc., you do not get products for the factory price. Sometimes you pay even more than double without even realizing it.
    If you can get good service why not to pay for it, right?
  • ken117ken117 Posts: 249
    Why would anyone believe anything in an article about extended service contracts, they are not warranties, when the author got advise from a dealer's F&I office? Those are the folks who are trying to get buyers to pay exhorbitant amounts for such contracts. Only a fool would consider such people unbiased.
  • Be careful not to confuse an "extended warranty" with a "pre-paid maintenance plan". An extended warranty is paying in advance for repairs you will probably never need; pre-paid maintenance is paying too much for scheduled maintenance items (oil, filters, inspections). Scheduled maintenance at a dealer costs me about $30 every six months . Be certain to bring the Scheduled Maintenance Guide in with you, point to the correct months or miles page, and tell them to do only those items; otherwise most dealers will charge you for unnecessary stuff.
  • I have heard a rumor that Toyota Extended warranties cannot be purchased 'out-of-state' meaning if you live in NY you cannot purchase an extended warranty from a Toyota dealer in CA.

    What are the specifics on this?
  • Any comments on CarMax's MaxCare? I've known several folks who've had very good experiences with it.
  • steverstever Posts: 52,462
    It worked out well over at Jalopnik for someone's Land Rover they got at CarMax. The cost was about $4,000 then, but is about $8,000 now. But that's Land Rover.
  • shamrock58shamrock58 Posts: 2
    Once I bought a car after it’s 36 months warranty. And a 3rd part warranty contract was bought . A few years in, I had to use it and it paid for a replaced engine . — that was good— Now, 2 things about it I learned was 1. they track down an engine from somewhere, and it’s not a brand new one. But for the year of my old car - it was like a heart transplant. 2. Some Shops has the customer pay upfront, then get reimbursement from our contract company. I was told I had a choice of what shop I could go to— some will work thru the contract carrier for payment, others want payment upfront and you work it out with the carrier. Most Important thing IS to get all the repairs needed in writing and PRE-AUTHORIZED by the carrier before work started. Many people dont get this right. Also get your deductible and parts/service not covered on contract separated so you know the Plan upfront . ... I had my contract added in with my car loan and quickly forgot about the price, it was painless and I wanted it. May have paid interest due to not owning it outright but I was, afterall , buying a used car therefore smaller payments on it. Turns out the “peace of mind” was worth paying for in my opinion.
  • shamrock58shamrock58 Posts: 2
    P.s. One the newer cars you should be keeping your scheduled services up to date, so your warranty repairs aren’t voided due to lack of attention on your part
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