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is there any legit extended auto warranty company or are they all scams?

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Old 01-12-2010, 07:47 PM   #1
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Default is there any legit extended auto warranty company or are they all scams?

Looking at cars 3-4 years old and wondering if there is any legitimate extended warranty company for used autos. After googling a bunch it seems alot are scams or have gone under. Anyone recommend one?
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Old 01-12-2010, 07:49 PM   #2
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It seems if they call or send you a post card, it's a scam.

Not sure about legitimate extended warranty companies.
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Old 01-12-2010, 07:50 PM   #3
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Talk with your service writer at the dealership. They will tell you who works best with them and who pays out the best.
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Old 01-12-2010, 07:51 PM   #4
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I would say only the auto manufacturers have legit extended warranties.
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Old 01-12-2010, 07:52 PM   #5
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One could probably make a bunch of money by actually having a legit company. Would definitely require all new customers to receive a mechanic look over first though.
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Old 01-12-2010, 08:13 PM   #6
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Tough love here.....get edjemakated in electronics, or at least elementary electricals, and fix it yourself, there simply is NO other choice, the way cars are heading, GONE these daze.....

them's the facts, and the .gov is pushing that crapola on the manufacturers and it's only going to get worse....by a exponential factor...

follow the trajectory of silliness in complexity of modern cars over the last say 20 years....

and I"m not talking engine tech, talking the need for a 'body control computer' or some such device, BODY control?? it's a freeking lightbulb, anything more than a switch is overkill....

DPFI for the modern engines is a neat thing, but I question the need for 99 speed auto trannies and all that computer control....

when they need a 6+ speed auto tranny, maybe as well put in a dual torque converter old Buick Dynaflow and call it a day....

with lockup, obviously....

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Old 01-12-2010, 08:14 PM   #7
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Quote:
Originally Posted by XYLIC View Post
Looking at cars 3-4 years old and wondering if there is any legitimate extended warranty company for used autos. After googling a bunch it seems alot are scams or have gone under. Anyone recommend one?
Several. I wouldn't buy from anyone on tv though.

Go to your local dealership and talk to the Finance manager.
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Old 01-12-2010, 08:15 PM   #8
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Originally Posted by mrvette View Post
Tough love here.....get edjemakated in electronics, or at least elementary electricals, and fix it yourself, there simply is NO other choice, the way cars are heading, GONE these daze.....

them's the facts, and the .gov is pushing that crapola on the manufacturers and it's only going to get worse....by a exponential factor...

follow the trajectory of silliness in complexity of modern cars over the last say 20 years....

and I"m not talking engine tech, talking the need for a 'body control computer' or some such device, BODY control?? it's a freeking lightbulb, anything more than a switch is overkill....

DPFI for the modern engines is a neat thing, but I question the need for 99 speed auto trannies and all that computer control....

when they need a 6+ speed auto tranny, maybe as well put in a dual torque converter old Buick Dynaflow and call it a day....

with lockup, obviously....

The dire floor mends below a struggling technique.
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Old 01-12-2010, 08:15 PM   #9
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Several. I wouldn't buy from anyone on tv though.

Go to your local dealership and talk to the Finance manager.
that kinda scares me, I figure that guy is in bed with them. (ie- suggest the one he gets paid most on selling)
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Old 01-12-2010, 08:21 PM   #10
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that kinda scares me, I figure that guy is in bed with them. (ie- suggest the one he gets paid most on selling)




Thats why you talk to the SERVICE WRITER!
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Old 01-12-2010, 08:21 PM   #11
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Quote:
Originally Posted by C5Nate View Post
Talk with your service writer at the dealership. They will tell you who works best with them and who pays out the best.
Quote:
Originally Posted by C5SilverBullet View Post
Several. I wouldn't buy from anyone on tv though.

Go to your local dealership and talk to the Finance manager.
Quote:
Originally Posted by XYLIC View Post
that kinda scares me, I figure that guy is in bed with them. (ie- suggest the one he gets paid most on selling)
AUL is a legit company. They regularly paid legit claims at dealerships I worked at.
The only thing you have to fear from the finance guy is how much he is marking it up. Their general practice is to qoute you twice what the actual cost of the warranty is. Remember it's negotiable. You don't have to buy it from them and you don't have to buy it at he same time you are buying the car.
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Old 01-12-2010, 08:22 PM   #12
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Thats why you talk to the SERVICE WRITER!
True in theory, but when I was a service writer, we were instructed to refer all such inquiries to the sales /finance dept.
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Old 01-12-2010, 08:23 PM   #13
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Originally Posted by XYLIC View Post
that kinda scares me, I figure that guy is in bed with them. (ie- suggest the one he gets paid most on selling)


In FL we have a set retail sheet (governed by Insurance commission); if I sell $1000 warranty I make $500...

As mentioned, talk to the service advisers, they will be straight with you...
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Old 01-12-2010, 08:25 PM   #14
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Originally Posted by GotCorvette? View Post
...Their general practice is to qoute you twice what the actual cost of the warranty is. Remember it's negotiable. You don't have to buy it from them and you don't have to buy it at he same time you are buying the car.
This depends on the state. FL has a set rate.
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Old 01-12-2010, 08:33 PM   #15
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Warranty Direct is the only one that I would every buy. I had them on one of my Vettes and never had a problem getting them to pay for anything up front. It was also very easy getting a check from them for the remainder of the warranty when I sold the car.
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Old 01-12-2010, 08:56 PM   #16
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This depends on the state. FL has a set rate.
Well that's no fun.

Seriously, are you prohibited from discounting it?
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Old 01-12-2010, 09:08 PM   #17
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Originally Posted by GotCorvette? View Post
Well that's no fun.

Seriously, are you prohibited from discounting it?
Technically. Of course I do discount them as a service, helps me keep my margin on the car... But it could cause problems in the future; I don't sell enough per month to lose sleep over it...
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Old 01-12-2010, 09:13 PM   #18
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Technically. Of course I do discount them as a service, helps me keep my margin on the car... But it could cause problems in the future; I don't sell enough per month to lose sleep over it...
So then the price is negotiable, but the law is intended to set a ceiling on your markup?
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Old 01-13-2010, 02:12 AM   #19
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AUL is a legit company.
AUL is the best out there.
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Old 01-13-2010, 02:12 AM   #20
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Thats why you talk to the SERVICE WRITER!
You can't buy one from the service writer.
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