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Extended Warranty Companies

P

Pardus

Diamond Member
Has anyone dealt with any of these extended auto warranty companies ?

AAAutoWarranty.com
AutoWarrantyBroker.com
Warranty Direct
Auto Advantage Inc.
continentalwarranty.com

Ripoffreport has a lot entries for all of them and i have already spoken to all the above who tell me folks have ripoffreport only posts negative remarks about a particular company but never posts if there was a resolve afterwards.

Anyway, i figure if someone had good experience with a auto warranty company, then that is the one i should go with. thanks all.
 
Most are not good to be honest. Read ALL the FINE print.


Like if your motor blows up they have to have it looked at and then priced out to rebuild vs finding a used one etc... all the itme while you are waiting. then they decide to find a used one. It should be in a week but they will not cover new belts or anything els eit might need as they were working when ti came off. Also might not cover new seals as the seals on your car had more miles then teh ones on this engine etc...

Then the ones that seem to pay go out of business so you are left holding a peice of paper that is worth nothing.



So for some it helps but IMO it be better to take the money you would spend and put it in a account and draw from that.
 
Originally posted by: Marlin1975
So for some it helps but IMO it be better to take the money you would spend and put it in a account and draw from that.
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Agree. I've no experience with these in particular, but they're there to make number and so the odds are stacked against you. Unless you would literally find yourself out of a house should you have a major car repair, it's almost always good to not buy added warranty. Only exception is when a place is selling one too cheap than they should be--case in point, I feel, I got a super-cheap laptop at BestBuy and they charge warranties based on sale price not on brand, so a sh*t brand is likely to fail more than a quality one (mine already did and the warranty already paid for itself 🙂).

I would not bother with these.

I'd instead actually spend the money on a Haynes manual, a good set of tools, and fix various problems as they come up, if possible.

 
All of them suck. I've dealt with about every warranty company there is, and getting them to pay for what they supposedly cover is a big hassle, 9 times out of 10.

A lot of them nitpick you to death, too....like they won't cover collateral damage, such as if a covered internal transmission component fails, they won't cover the other stuff that the failed part took with it. Or they'll cover the internals, but they won't pay for the pan gasket and the fluid. Etc, etc.

Factory extended warranties are far superior, and really about the same price.
 
Originally posted by: Pacfanweb
All of them suck. I've dealt with about every warranty company there is, and getting them to pay for what they supposedly cover is a big hassle, 9 times out of 10.

A lot of them nitpick you to death, too....like they won't cover collateral damage, such as if a covered internal transmission component fails, they won't cover the other stuff that the failed part took with it. Or they'll cover the internals, but they won't pay for the pan gasket and the fluid. Etc, etc.

Factory extended warranties are far superior, and really about the same price.
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I agree 100% ...and let me just add that I have been a line tech at a dealership for over 15 years, and I cant tell you how many times I have seen the customers with the after market warranties get hung out to dry.

First, its not uncommon for you wait 3 days for the adjuster to come out and inspect the damage, only to have them decline it 9 times out of 10.

With a factory added care plan the dealer makes the call, one time out of 100 they will need to get an adjuster to look at it, and thats usually only if the repair will bypass the value of the car.
The other 99 times, the car gets fixed the same or next day depending on the repair and the parts availability.

I would never, and I mean never buy an after market warranty plan...I have seen far too many times how they operate
 
i had a feeling they were worthless, only reason for this post was trying to see if anyone actually used one and had good or bad experiences with any of those companies out there. I'll go to my local dealership and see what they have to offer.

Only really want a powrtrain warranty anyway. thanks all.
 
Why not look at what an aftermarket would cost you (especially if it's being added to your monthly payments), then take that amount every month, and stick it into a bank account? Not that you'll make a lot on interest, but if you go 2 or 3 years before you need a repair, and you've added $50/month to that account, you could conceivably have $1200 to $1800 sitting in that account, that will be there to pay for your repair. 🙂
 
I trust carbuyingtips.com and they easily recommend warrantydirect as the best in terms of claims. I've had some phone convos with warrantydirect and they were extremely helpful.

I'm not sure about other warranty companies but the longer you wait to buy a warranty for a new car, the more it will cost down the road. This was not true for the manufacturer's extended warranty. I could buy that on the last day of my 4th year and it would cost the same as if I extended it up front. Is this how it is for all these warranty companies?
 
Originally posted by: rh71
I trust carbuyingtips.com and they easily recommend warrantydirect as the best in terms of claims. I've had some phone convos with warrantydirect and they were extremely helpful.

I'm not sure about other warranty companies but the longer you wait to buy a warranty for a new car, the more it will cost down the road. This was not true for the manufacturer's extended warranty. I could buy that on the last day of my 4th year and it would cost the same as if I extended it up front. Is this how it is for all these warranty companies?
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Pretty much, but some of them will let you buy the warranty after yours is expired.

It's the same price during the base factory warranty period, because they won't have to cover anything....the base warranty covers that.
With Ford, it used to be that the base warranty didn't cover a rental...but if you had Ford's ESP, the ESP covered the rental while the base warranty covered the repair, no matter what the repair was.
But after the base warranty was over, you got no rental unless your car was kept overnight for a repair covered by the ESP.

Again, as someone who has been in this industry for my whole life (42 now), I HIGHLY recommend that if you are going to buy ANY warranty, buy the factory warranty. I've seen problem after problem after problem with aftermarket warranties.....yes, some of them are less troublesome than others, (Wynn's Extended is the worst ever, IMO) but ALL of them are at least a little bit troublesome.
 
Originally posted by: Pacfanweb
Originally posted by: rh71
I trust carbuyingtips.com and they easily recommend warrantydirect as the best in terms of claims. I've had some phone convos with warrantydirect and they were extremely helpful.

I'm not sure about other warranty companies but the longer you wait to buy a warranty for a new car, the more it will cost down the road. This was not true for the manufacturer's extended warranty. I could buy that on the last day of my 4th year and it would cost the same as if I extended it up front. Is this how it is for all these warranty companies?
Click to expand...
Pretty much, but some of them will let you buy the warranty after yours is expired.

It's the same price during the base factory warranty period, because they won't have to cover anything....the base warranty covers that.
With Ford, it used to be that the base warranty didn't cover a rental...but if you had Ford's ESP, the ESP covered the rental while the base warranty covered the repair, no matter what the repair was.
But after the base warranty was over, you got no rental unless your car was kept overnight for a repair covered by the ESP.

Again, as someone who has been in this industry for my whole life (42 now), I HIGHLY recommend that if you are going to buy ANY warranty, buy the factory warranty. I've seen problem after problem after problem with aftermarket warranties.....yes, some of them are less troublesome than others, (Wynn's Extended is the worst ever, IMO) but ALL of them are at least a little bit troublesome.
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The base warranty for my car is 3 years/60,000km for Comprehensive, then 5 yr/100,000km for powertrain.

GM's extended warranty is the biggest scam in the business. Here, the cost for extended warranty for my 2006 Pontiac G5 GT:

$100 Deductible Comprehensive

36/100,000km = $1940 (Yes, that's right, just 40k extra km, no extra time)
48/100,000km = $1975
60/100,000km = $2086
72/120,000km = $2696

 
Dude, that's retail prices. I paid like 1300-1400 bucks for the top of the line warranty to 75k miles on my Suburban, at a Chevrolet dealership that I didn't buy the car from, the day before I turned 36k miles.

If anyone actually pays those prices for warranties, they're crazy.

These days, there's not much point in any extended warranty...the powertrain is already covered up to 100k, and the money you spend on ANY warranty that would cover A/C, power equipment, etc, would cover any needed repairs on that stuff, too.
 
I wasted money on my extended warranty. They company that provided went bankrupt. The company was based in the Grand Caiman islands (I did not know this) and so I was not able to recoup any money nor was I able to get the service I needed. I had to pay it all out of pocket. The one time I did need it, I couldn't use it.
 
What kind of car is it? With careful shopping, a factory backed policy is often cheaper. For example, a 8-yr/120,000 mile, $0 deductible HondaCare policy on most models is under $1000.
 
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