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I don't condone fraud or shell games, and that's what the "warranty shuffle" described above seems to be.
Car_man
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Smart Shoppers / FWI Message Boards
The after-the-fact deal, in my opinion, is wrong because it affects someone's pay - you wouldn't want anyone having the ability to change your paycheck, would you?
I do the dealership thing part-time - I'm a consumer the rest of the time, so it's easy for me to see both sides of the coin - no guilt trips intended.
Car_man
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Smart Shoppers / FWI Message Boards
So friends of friends may not have your best interests at heart.
The CNA autowarranties are owed by greater CNA.
I bet you also get roadside assistance? If so, AAA used to cost us $71 per year, over those 6 years that adds up to $426 all by itself.
Enjoy the roadside assistance and the piece of mind, I think you did just fine.
-juice
The reason people compare AAA with their service contracts is to see whether they can drop AAA during the life of the contract. I pay $90/year for AAA Plus, which is very close to what my Chrysler 7/100 provided on my Dodge Ram in terms of roadside assistance benefits. (I did not have AAA until the Chrysler plan ended.) Which means for my next truck, I may save $450-630 over 5-7 years by getting another 7/100 plan instead of maintaining AAA. For those people who regularly use the travel assistance and other features of AAA, it's less of a difference. But for those who primarily have it for roadside help (like me), this is money that can be directly compared to the price of a service contract. Say my dealer gives me the 7/100 for $1800, and I use it up in 5 years at 20k miles per year. That means I really have only paid $1350 for the extended warranty coverage, because I would have been paying the other $450 for roadside assistance either way. This means I could compare the Chrysler plan as a $1350 deal to other contracts... not that I would go third-party anyway...
kcram
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We had AAA and got maps and trip tiks once in a blue moon, plus in some cases you get little discounts here and there. Mostly those discounts were replaced by using our Coscto membership or other means.
Bottom line: we don't miss AAA.
-juice
And while I'm venting about a pet peeve: it's PEACE of mind, like peace and harmony, not PIECE of mind, like piece of cake. That term is misspelled so much on this and other forums it's pathetic.
-juice
I found more than 6 million hits.
"Peace of mind" came up with 5.4 million hits.
Majority wins. ;-)
-juice
I'd give you a piece of my mind, but it wouldn't give me peace of mind.
Maybe I'll use more creative language next time to avoid the issue completely. ;-)
At this point an extended warranty on that QX4 would not be cost effective. You usually have to buy within the Bumper to Bumper warranty. It would cost a fortune now.
-juice
But Extended Warranty claims they are an extension of the Chrysler warranty and are therefore accepted by all dealerships.
Does anyone know if this is true? From what I have read little is true. :>)
"Extended Warranty Pro" is certainly not associated with DaimlerChrysler - additionally, many aftermarket warranty (insurance) companies like to say "our plan is accepted at every place, nation-wide".
That's bunk, too. What they mean is that YOUR VEHICLE can be worked on anywhere, but in fact, very few dealerships are set up to direct bill ANY aftermarket warranty company, unless that dealership sells that specific warranty.
You end up waiting for authorization, both for repairs and a rental car, and in many cases, you end up paying up front and waiting a while for reimbursement.
No thanks - I'll stick to the manufacturer's plans.
I would like to drive the car to 100K. And after reading most of the posts here would prolly be interested in a GM extended extended warranty, is there such a thing and does anyone know what the "cost" would be?
Thanks for your help.
G-
I'm not familiar with the warranty from GM, but be sure you understand it before "jumping".
1. Make sure it is through GM and that warranty payments are made to the dealer. You don't want to be in the position of having to prove a claim to a third party insuror as you do with health insurance.
2. Be sure you understand the financial aspects of extended warranties. By that I mean realize you are essentially entering into a bet with GM. You are betting that your claims will exceed the amount of the premium and GM is betting that they won't. Also, you will pay the premium up front while GM will have the use of your money until the claims (if any) come rolling in.
3. Finally, it's been my experience that most problems are identified and solved within the first 50,000 miles. From 50,000 to 150,000 miles I've had very few problems with the many cars I've owned. That time is followed by things starting to wear out. Yes, you may have a transmission go out at 90,000 miles. But GM is pretty sure most of their cars won't have that problem. Otherwise they wouldn't be in the business of selling extended warranties - at least at current prices.
golic
I will only buy manufacturer backed ESC's from now on, was almost an expensive lesson.
I could go on for days with some of the nightmares (2 week waits, used parts, etc) that I've seen customers go through (not to mention the service guys!).
And, Drift, they don't learn. This guy stated that he had been burned in the past by a service contract, yet was willing to fork out more money to buy another one.
I'm thinking I don't want a piece like that in MY car!
I've even had them ask if GMPP or DCC would install a used/junkyard engine - absolutely not is the answer. The response? "The aftermarket warranty is $50 cheaper".
Maybe, maybe not!!
You're locked into using this particular shop - what's the deductible if you're on vacation in Florida? I guess you have to pay up front and hope like heck that the warranty company pays you back?
"Underwritten by AllState Insurance Company and Westchester Fire Insurance Co. (ACE USA Group) (rated A+ strong by Standard and Poor's and $30 billion dollars behind it)"
Just so we're clear, it's just another insurance policy - please don't even think of using the word "warranty" and the legal protection that goes with it.
"Coverage includes normal wear & tear of mechanical & electrical components!"
Really, even brakes? What about wiper blades? Tires? Very misleading.
"Expert Claim Handling"
To whose advantage - yours, or theirs?
"Reimbursement up to $100 for towing expense per occurrence"
Keyword - REIMBURSEMENT - also, if it's more than that, you just pay until your car gets to a shop, at $3-5 a mile.
"All Factory Installed Luxury Options Included: GPS, phone, TV, CD player, etc"
There's a typical aftermarket service contract "out" - if your alarm, remote start system, phone, sunroof, or whatever was installed at Best Buy or Tweeter, you don't have an electrical system warranty, because it says "factory installed".
The other problem is "what I hear on the phone, may not be what I get" and it doesn't seem I can find out until I decide to actually buy the warranty from the specific dealer and they finally whip out the contract. Any one know about "Portfolio" or "Pinnacle from National Auto Care Corp" as 3rd party warranty providers?
Thanks in advance for any advice - this is my first post
You have to seriously debate how long you'll keep the car.
You're talking about a new vehicle invoice, which has NOTHING to do with the cost book that the F&I guy his warranty info from.
Also, that second sentence makes no sense.
Yes, an F&I guy will show you his cost book, if you're nice about it. I did when I was in F&I.
You get more flies with sugar than...
Walk into the dealership, ask for the F&I person, let him/her know you're wanting to look at GMPP contracts - let them know up front that you'd like to offer them a fair profit over their cost and you'd like to SEE their cost book.
Either they'll like the idea or they won't.
I never minded selling contracts outside of a car deal because even if I only made $100-200 on a contract, that money went against the total department number and helped my overall deal average (major issue with F&I pay and incentives).
-juice
So, I plan to wait until just before 4 yrs and if I plan on keeping the car will pay for the HondaCare plus $120 surcharge. By the way, Dealer wanted to start pricing at $2000. On-line a few dealers are $1100.
bigfir: thanks so much for your GMPP posting. that is a great site and highlights one important thing to me. When I do buy my Maxx, the dealer will have to offer me a plan at half the cost of the company you posted for. GM's prices are waaaay too high and only go up to either 7 years or 100,000 miles. At the time of a new car purchase, that simply is not enough time or miles for me. I own my cars a long time, and will therefore take all of your advice and save my money and become my own extended warranty company (should my Vibe or Maxx ever break down).
For the rest of you: good luck with your choice. I fully understand why you are buying a plan. I was once there myself. I feel a little richer and wiser now cyberfriends. Thanks to you all.