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re: "Aftermarket" extended warranties for vehicles

Posted on 3/20/19 at 9:50 am to
Posted by yellowfin
Coastal Bar
Member since May 2006
99034 posts
Posted on 3/20/19 at 9:50 am to
Yes I have and they denied the only claim I made. Never again
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
79742 posts
Posted on 3/20/19 at 9:50 am to
quote:

Just remember that if it was worth it, they wouldn't sell it.


Depending on the car it is definitely worth it.
Posted by TeddyPadillac
Member since Dec 2010
30719 posts
Posted on 3/20/19 at 9:53 am to
I wish i knew where these "aftermarket" extended warranty people were located so i could send steaming bags of shite to them everytime they call me to tell me this is the last time they are going to call me about the extended warranty on my 2010 Ford Fusion, which i have never owned.
I get that "last call" at least 5 times a week.
Posted by supatigah
CEO of the Keith Hernandez Fan Club
Member since Mar 2004
90296 posts
Posted on 3/20/19 at 9:53 am to
I bought a used Ford Expedition, great vehicle, no complaints. Then one day I unexpectedly threw a rod on BeltWay 8 in Houston. I had bought a vehicle warranty from Master Tech when I bought the vehicle. Thank God I did because the motor replacement was $9K all in with a used motor.

Master Tech has been very good to me, professional, responsive, I recommend them for a used vehicle warranty
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 3/20/19 at 9:59 am to
quote:

Bob Smith" from Bangalore will be calling you soon with a sweet deal on a car warranty.

Caller ID for the win. Every week I get offers in the mail too.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 3/20/19 at 9:59 am to
quote:

Master Tech

Thank you
Posted by LazloHollyfeld
Steam Tunnel at UNC-G
Member since Apr 2009
2137 posts
Posted on 3/20/19 at 10:00 am to
quote:

The only extended anything ive ever bought is wheel and tire


I agree with this especially with the shitty roads in this State. Wife has a Volvo with low profile tires. Over the life of the car we replaced (not fixed) 6 tires and 2 rims - all covered by the wheel and tire protection.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 3/20/19 at 10:08 am to
Just remember that the warranty is a big profit maker for the dealership.

They are negotiable, and they aren't a bad deal if you get it for a good price.

If you're in louisiana, there's a good chance that the company providing the service contract is lds. It's a good deal if you get it for a good price, but a lot of dealers have a very high pack on their aftermarket service contracts, which means that the finance man can sell it to you for "a dollar over cost" and the owner of the dealership would still make good money.

What's the year, manufacturer, and mileage?
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 3/20/19 at 10:12 am to
quote:

What's the year, manufacturer, and mileage?

2015 GMC Sierra, 5.3....just under 61K.....my warranty thru the dealer is thru 72K so I'm trying to get all the intel I can to make the right decision to buy or not.
Posted by Higgysmalls
Ft Lauderdale
Member since Jun 2016
8017 posts
Posted on 3/20/19 at 10:15 am to
They Money guy on the radio, I forget his name. He went on a rant one day about how extended warranties are a scam. He threw out some numbers, I think he said only 23% of all extended warranties have a claim filed for. Then he said that the money spent for the extended warranty would cover the repair 3 times over.
Posted by Placebeaux
Bobby Fischer Fan Club President
Member since Jun 2008
51852 posts
Posted on 3/20/19 at 10:17 am to
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 3/20/19 at 10:24 am to
Thanks....I did search and your thread didn't come up. I was/am skeptical of aftermarket extended warranties to start with, just looking for some confirmation.
This post was edited on 3/20/19 at 10:25 am
Posted by BACONisMEATcandy
Member since Dec 2007
46743 posts
Posted on 3/20/19 at 10:29 am to
Yes, it was sold from the dealership as a wrap of the manfuactuerer warranty. The only difference was after the manufacturers warranty expired I had a $100 deductible.

Something in the fuel pump system kept going out and they had to replace the computer system as well on the GC after the MW expired. Very glad I bought it.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 3/20/19 at 10:33 am to
quote:

They Money guy on the radio, I forget his name. He went on a rant one day about how extended warranties are a scam. He threw out some numbers, I think he said only 23% of all extended warranties have a claim filed for. Then he said that the money spent for the extended warranty would cover the repair 3 times over.


It's subjective. There is no blanket answer.

For the guy with a good job and 50k liquid in his checking, it might not make sense, bc the numbers don't make it a good buy and his risk is low.

For the month to month family, who could be crippled by a random $5,000 repair, it could be a reasonable manner to insure against this risk.

Many people would say that paying another company to cover your liability requirements is a waste of money too.

To reiterate: it's subjective.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/20/19 at 10:35 am to
I can get one for my ford f-150 up to 100k with a $100 deductible for around $1,100. So far in the first 28,000 miles I have had the sunroof rails replaced and the sync unit. Pretty sure I will buy the warranty.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 3/20/19 at 10:36 am to
quote:

Pretty sure I will buy the warranty.

From whom?
Posted by TOSOV
Member since Jan 2016
8922 posts
Posted on 3/20/19 at 10:38 am to
Thats good it worked out.

GEICo has something similiar that can be transfered to a new owner with geico. it's a monthly paymt added to your ins pymt. I think it has 250 deducitble though

I screwed up getting it though as I have determined i'm trading it in prior to the warranty ending. Why im hoping to know if possible to cancel it at this point.
Posted by Higgysmalls
Ft Lauderdale
Member since Jun 2016
8017 posts
Posted on 3/20/19 at 10:38 am to
It only adds $22 dollars a month to your 7 year loan.
Posted by Higgysmalls
Ft Lauderdale
Member since Jun 2016
8017 posts
Posted on 3/20/19 at 10:41 am to
quote:

Hell no. Fackers call me everyday asking me to buy one for cars I don't even own anymore. If i met someone that gave out my number to one of these companies they would likely get a black eye.


I don’t even answer my phone anymore. One day I’m gonna ride up to the St Francisville Sonic and wait. I’m sure somebody knows who is calling me from up there. Knuckle check time
Posted by Bmath
LA
Member since Aug 2010
18919 posts
Posted on 3/20/19 at 10:46 am to
I was told at the Toyota dealership that any third party one is basically a scam. He said to only get one through the manufacturer.

My thought is that he was just trying to sell me something.
This post was edited on 3/20/19 at 10:56 am
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