Quote:
Originally Posted by memaster
Some dealers are good and others are bad. My local dealer (Fremont) never once honored my platinum extended warranty, for example, no matter what was the issue, they always came up some reasons to make me pay out of my pocket.
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From experience... for this reason, I
never, ever , buy any Extended Warranty.
It is BS. and just for the faint of heart at the time of sale. It is just an Insurance policy that the insurer fights against paying out. Period.
The policy is never explicit enough and written such that coverage can be denied at any given time.
Dealers push this
very high profit margin fluff with
alot of pressure to buy every minute of the day. The salesman and the dealer get a BIG kickback on it.
Extended warranty companys have been in litigation with owners and has been a single major problem for many years. And all these EW companies
black ball each other for a share of the market.
As much as I love cars... I must say it's all a very dirty business. So I got out of it and moved on many years ago.
I am sure there are those that swear it is great to have and have used it successfully. But it depends on the nature of the repair. Catastrophic Engine failure, for instance, will always be an up hill battle. The big ticket repairs are hard to get done.
Again ...just from experience.
LT