Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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Please post their name here to help others from
getting the shaft!..................
I got shafted once also by Buffalo Warranty and feel
you pain!
I know this sounds like a broken record, but stay away from 3rd party warranty companies.
http://www.encs.com/MCSCM/DocLib.nsf/0/C9A9142939A2D71C8525700500150801?OpenDocu- ment&MenuSet=Finance&MenuItem=OPP
Thanks for all the replies. After calling them they claim they will cover break down if the transmission is in fact broken and the reason it is broken is covered, if not I'm out $2K for the overpriced dealership mechanic. And I have no choice but to take it to a dealership since the warranty says I have to... talk about a gamble.
that link you provided. All sweet and syrupy like
the second coming of Jesus !!!!!!!!!!!!!
Like being lulled to sleep by your momma...........
And these bozos are selling to you service people????
Please post your cars make, year, and mileage of you car
and exactly what the trans. problem is.
This is a terrible situation...............
The error codes were P1684 and P0700... the P0700 is transmission for sure. I guess I'll know more about the transmission when they get done tearing it down...
For 84 months 100,00 miles wear and tear but 50.00 deductable for 1,017 and their gap insurance only 175.
New to the boards. Have just bought a new Toyota Rav4. Am wondering if I should buy the extended warranty, and/or the factory sealant.
I bought a new celica in 2000. I just traded it in for my Rav4 at 33,000 miles. I regret to say, I did not wax it, but rarely. Maybe a couple of times in my ownership. (don't hit me please...) I am wondering if the sealant is a good thing to do? I'm sure I could muster up a once a year wax job, but the reality is, I don't think I WOULD do a 3-4X per year thing. I just know ME. Is waxing as good as the sealant??/ Also, I am getting leather seats.
I did purchase the service package for the Rav4, because I figured if I pre-paid for it, I'd get it in their to the shop for it's necessary "conditioning". I took my celica in for the oil changes, but didn't get it in for it's 15 or 30 mile checks. Any thoughts??
I was also wondering about the service warranty. Thinking, that if I do this, I should probably only go with 60000 6 yr, ...don't really need 100000 mile. Probably wouldn't do 100000 in the next 10 yr!
So, me being a newbie to all of this, am wondering what your thoughts are. Never had to avail myself of the 3 yr 36k warranty on my celica. But also, don't want to be short sided.
Sorry if this has been covered before. Didn't find much on sealants.
Thank you
Patti
As far as buying paint sealant goes, I personally would not get it either. The paint on new vehicles today is usually pretty good. The clearcoat that your RAV4 comes with should protect it very well. The "factory sealant" isn't put on at the factory anyhow. This sounds like something that the dealer does on its own to me.
Car_man
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Smart Shopper / Prices Paid Forums
2. Excellent point! You generally do not have to buy the warranty at the time of purchase of your new Toyota. At $520 for a 7yr/75,000 mile warranty from Midwest Superstores (less than half the "list" or "retail" price of $1150), I thought it made sense to jump on it now. If I knew that I could still get that same price in 35 months and 35,000 miles, I would wait, but I was concerned that the prices might go up. I have a 2005 Jaguar and I just bought a 2006 Porsche and I have not yet purchased the extended warranties on either of them. I am still trying to locate a dealer who will discount either of them. In the case of the Jaguar, if I can't, I am selling the vehicle. The Porsche will probably be a keeper and I will just have to bite the bullet when the time comes!
Can anyone advise me on this? I feel uneasy buying a used car with no warranty.
Appreciated your comments in response to my inquiry about honoring an extended warranty agreement. It's reassuring to hear that Toyota (along with other manufacturers & dealers, as well) haven't been "sticklers" about enforcing warranty provisions related to maintenance. In other words, if the car has been reasonably maintained and not chronically neglected, there shouldn't be a problem submitting an extended warranty claim for necessary repairs. That is good to know. By the way, a Toyota dealer told me to expect price increases to keep up with annual inflation in the cost of these warranties from year to year - so at the end of the 3 year factory warranty period, it might cost roughly 10% more to buy the extended warranty compared to what it would have cost to buy the same plan when the car was brand new (i.e. about $100 more for a $1,000 plan). I believe most people could earn far more than that by investing the funds during those 3 years and waiting to buy the extended warranty at the end of the factory warranty period. Anyway, thanks for your input.
Your forum was recommended by another member. I am set to pick up my Jaguar X-Type VDP tomorrow and I'm SURE they will try to sell me an extended warranty plan. So that I can be better informed and negotiate more proficiently...should I get one of these? How much should I pay (how much is too much)? Anything I should know before I go over there?
Any help would be greatly appreciated.
Thanks in advance.
You've waited awhile for your X-Type, and I see that you plan on keeping it til after the standard warranty expires. In *my* opinion, you'd do well to look at an extended warranty on this vehicle.
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I have had great help from this site on finding the best deal on warranties. Please help me find a deal for her. Thank you!!
genuine Ford extended warranty:
http://townhall-talk.edmunds.com/WebX/.ef26ca4/0
I just got off of the phone with the Midwest Superstore in Kansas. This is the one that has been mentioned in various posts.
They gave me the following information-
Platinum, $0 Deductable, Toyota Warranty:
6yr 75,000 $450
7yr 75,000 $535
6yr 100,000 $690
7yr 100,000 $830
I suspect that, based on these prices, I will be purchasing one of the 6 year plans.
I'm not affiliated with these folks in any way.
As always, YMMV!
These marketers are: Warranties4Wheels, Gold Key, MBA Direct, and 5 Star Warranty. Their contracts are all IDENTICAL, since all they do is sell warranties for the ultimate administrator who is "Old Republic" For my particular case, 5 Star Warranty was the cheapest, but this may or may not be true for all situations.
I also learned a lot in my research. One the MAIN things I learned was that the price charged by different marketers has NO RELATIONSHIP to the quality of the product they sell. For example some of the most expensive warranty quotes I was given were for the lousiest and most restrictive policies! Most of what I learned is summarized by the "pointers" outlined below. Many of these were copied from various websites and further modified by me. They may be helpful to you in identifying an appropriate extended warranty for your car.
WHAT TO LOOK FOR IN AN EXTENDED WARRANTY
Decide which level of coverage you want.
"Named coverage" covers only those parts listed in the contract. Although the list may be extensive, you're out of luck if the part that breaks is not on the list. Often these may be electronic parts and sensors that are common, deeply embedded in today's cars, and expensive to repair. The best (and most expensive) coverage is "Exclusion coverage" which covers EVERYTHING unless it is specifically named as excluded in the contract. Since today's cars have about 3000 parts, it’s a lot easier to figure out what's covered and what's not covered with exclusion coverage.
Don't buy ANY warranty until you read the actual contract.
A bulleted web page is NOT the document you will sign that will legally bind you to the terms of the warranty.
Buy Auto Warranty Coverage For Breakdown AND Wear & Tear
Many warranties only cover mechanical breakdown, not wear and tear. READ THE ACTUAL CONTRACT DEFINITION OF "BREAKDOWN"!. If it says something like "breakdown due to defects in manufacturing or workmanship", this is NOT "wear and tear" protection. If there's an added clause something like "or wear exceeding manufacturer's tolerances", this IS a "wear and tear" warranty. If you shop around you'll find there's very little difference in cost between these types of coverage.
Buy a warranty backed DIRECTLY by an A.M. Best rated "A" or better insurance company,
or a warranty administrator company or marketing company that directly represents the insurer. Avoid warranties backed by a "Risk Retention Groups" (RRG) or any warranty that states "reinsured by .". Even if the re-insurer is highly rated by A.M. Best, they may not be liable for covering all, or even most of the financial obligations of the RRG, should it go under. You'll never know!.
$0 Deductible/One Deductible Per Visit
Some auto warranty contracts charge deductibles for every part repaired. Avoid the issue altogether and pay a bit more for $0 deductible.
Diagnostic Expenses Covered.
It may cost hundreds of dollars, maybe more to actually find the part that failed. Make sure diagnostic expenses are covered.
Costs of Repair.
The contract should clearly state that they will pay UP TO the "manufacturer's suggested retail price" for parts, in addition to the usual language specifying "remanufactured", "comparable", etc. parts. This way, you can take your car to the dealer for repairs, since the dealer will typically use only the best quality original manufacturer's parts for the repair.
100% Money Back Guarantee on your Auto Warranty
If you are unhappy with your auto warranty, have not made any claims, they should refund 100% before 30 or 60 days.
Check the Better Business Bureau (BBB) rating of the warranty administrator.
Don't use BBB Online. Find out the home state and/or city of the warranty administrator and use the company name in THAT state or city's BBB website to check out claims against the company.
Transferable extended auto warranty when you sell the car
Some auto warranties end when you sell your car. Choose an auto warranty that allows you to transfer it to the next owner.
Car Warranty Coverage For ABS Brakes and Overheating
If you have ABS brakes, verify your auto warranty covers them. Avoid clauses like "This contract does not cover overheating regardless of the cause."
Benefits: Car Rental, Towing, Travel Reimbursement
If your car is in the shop overnight, you want car rental reimbursement, and towing
Repairs Can Be Done At Any ASE Certified Repair Shop
Some warranties force you get serviced at the dealer where you bought them. Use a warranty that allows repairs to at any ASE certified shop.
Auto Warranty that pays the repair shop directly using a corporate credit card
Some warranties make YOU pay, then send in the receipt and wait months, allowing them to weasel out of paying. Choose a warranty that pays the repair shop directly by credit card.
Compare "Apples-to-Apples" when evaluating cost.
Make sure you're comparing the SAME coverages, e.g same deductible, years, mileage, named vs. exclusionary coverage, breakdown vs. wear & tear, etc. as outlined above.
GOOD LUCK!!
I think all of this information is very helpful also.
To answer your question, all of the aftermarket warranty companies like Warranty Gold, 1 Source Auto Warranty, Platinum Warranty and the many others were all backed by a Risk Retention Group. These companies were the ones that screwed everyone.
I am not aware of any insurance company that underwrites service contracts that has gone into bankruptcy.
They've already called me twice and e-mailed at least twice just from me going to their site and getting a quote.
Twice I've told them that I was not buying a warranty until at least 2 yrs/24k miles, if ever. :mad:
The bottom line, though, is to purchase a warranty from whomever your service center deals with. It will be easier for your wallet in the long run. Speak with your service advisor and get some suggestions from them...
Two warranties purchased at a total investment of $2900.
Warranty 1 - 2000 Audi A4 - Breakdown: Collapsed timing belt idler. Estimated repair cost: $1200 Olympicare Coverage: $0.00 Note: Olympicare did say the would cover the repair if the actual belt broke. Belts stretch, belts wear, but really timing belts dont just break. Maybe now that the idler is collapsed i should head for the highway and see what the zero to 100 time is, bet it breaks then.
Warranty 2 - 2000 Ford Escort - Breakdown: Seperated ball joint 1 week after taking delivery of the car. Estimated repair cost: Did it myself so pretty cheap
Olympicare Coverage - $0.00
Seems to me the people at Olympicare begin every conversation with an explanation of why they cannot cover the claim. Last time Jim at Olympicare told me it wasn't covered before he even knew the contract number. Another guy at Olympicare, Skip, told my mechanic "Yeah I know it's a bad deal". Jeez
Save your money, buy a lottery ticket, take a vacation with the money. Anything seems a better investment to me than these scammers.
Yesterday, I purchased a 2006 C350 from the same Los Angeles dealer who wanted me to buy a 3-year warranty at the same time. If I did this, she would have given it to me for $3275 if not it would be $3500.
I will purchase an extended warranty from MB, but I just did not want to do it yesterday.
Are all the MB extended warranties the same price everywhere? Things have sure changed
Miki
Did you purchase the warranty. ? From Midwest Superstores in Kansas and for the price stated??Any hints you can give me if I give them a call as I wish to get a Toyota extended warranty for my TCH, and the local price is high, and I received another quote for 980.00 for 7y/100K. Any information would be helpful. Hope you are enjoying your TCH. Fred
some of the things on my mind you can help answer.
1. for cheaper, get extended warranties from dealers from 3rd party seller? less haggle for problems? true?
2. i keep hearing about these 3 companies. warrantydirect.com, warranties4wheels.com, 5starwarranty.com. are they the best? which is better? any problems with these companies? is there any other provider better? should i even buy ex warranty?
any help or opinions would be appreciated,
ky
I would google "mazda extended warranty" or maybe hop over to one of the Mazda boards and find the cheapest Mazda backed warranty from a dealer that sells via the internet. Then either buy that one or ask your dealer to match it.
Good luck.
Good luck!
I drive an excessive amount of miles due to my job and am considering buying an EW. I read the thread about the honda care warranties and received a price quote from Saccucci Honda for 72 months/120000 miles for $830. That seems like a great deal to me.
I drive about 25000 miles a year so I will be out of warranty in less than 2 years of owning the car. I intend on trying to keep this car for 5-6 years at least. Any opinions or thoughts?
From reading this forum for a couple of hours, I got the idea that everyone is against aftermarket extended warranties. However, in my case I'll still go for aftermarket because I want my car to be fixed at my mechanic's garage, not at a dealer.
So is there any one here who actually bought or dealt with an extended warranty from WarrantyDirect? I do understand that manufacturers warranty is better, but my question is about precisely WarrantyDirect - not about WG or aftermarket warranties in general. How was your experience with WarrantyDirect? Thanks!
PLEASE...let all of us know what he says.....
Too much!!! I just bought a RAV4 and was offered a 7 year/75,000mile warranty from the dealer for $1900!!!!!. I pointed out to the finance guy that the suggested retail price on the Toyota site was only $1200; he wasn't fazed and refused to even negotiate.
I shopped around on the Net via some references from this forum and just purchased a 7/75,000 today for $600 from Toyota of Deerfield in Deerfield, Mass.
The dealer quoted me approx $1400 which includes the Maintence Program.
I did find this article which I thought was a good ref read:
http://www.smartmoney.com/consumer/index.cfm?story=20030319
Not sure if it is worth the extra $$.
And if so, does anyone know where I could get these extra factory backed services for cheaper?
Thanks
The Forum rules don't allow for citing of specific salesmen or dealership phone numbers. However, as I indicated in my above post, Toyota of Deerfield in Deerfield, Mass has an OUTSTANDING program which sells Toyota factory warranties at great prices.
You can also look at:
Lexus of Greenwich
and
Toyota of Iowa City