Do not buy a service/warranty plan with a third party company. - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 13 (permalink) Old 04-26-2010, 06:27 PM Thread Starter
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Do not buy a service/warranty plan with a third party company.

Its not worth it.

I bought my 3 used and my dad talked me in to a warranty with Vehicle Protection Plus offered by the dealer, the highest coverage.

When my car needed a fuel pump, they didn't want to pay to fee to have the gas drained and refilled. I called and explained its part of the job, and they told me its not listed and may not be necessary etc. So I argued and they gave in.

Today I took it in because the A/C cuts in and out. They diagnosed and told me what it needed. The company will cover the labor to fix it, and the part, but not the diagnostic fee, because it is not listed in the Alldata/Mitchell database for the part.

I argued, and now dad is arguing. I'm like how do you think they figured out what was wrong, magic?

Now, it is in the exclusions section about not covering things that aren't listed. So I will most likely not get anywhere. But common sense will tell you that the diagnosis is legit.

So the point is that instead of spending $1300. on an extended warranty, which is just insurance. Put that money in an account you wont be tempted to spend and save if for when your car needs work.

My rant is over, thanks for reading!

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post #2 of 13 (permalink) Old 04-26-2010, 06:34 PM
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Re: Do not buy a service/warranty plan with a third party company.

Pretty much my argument against all extended warranties, but especially third-party warranties.

Put the $1k-2.5k you'd spend on one and set it aside for any repairs. You'll likely come out way ahead (or else they wouldn't even sell them....). These things are cash cows for dealerships.
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post #3 of 13 (permalink) Old 04-26-2010, 06:44 PM Thread Starter
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Re: Do not buy a service/warranty plan with a third party company.

Yeah you are absolutely right. My dad helped talk me in to it (Now he isn't going to hear the end of it), I must have said no at the dealership like 3-4 times before I gave in. Oh well lesson learned. I'm gonna cancel the contract and get what little money is left back.

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post #4 of 13 (permalink) Old 04-26-2010, 07:10 PM
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Re: Do not buy a service/warranty plan with a third party company.

No shit? LOL, sorry dude, but I could've told you it was a rip just from their marketing tactics.


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post #5 of 13 (permalink) Old 04-26-2010, 07:35 PM
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Re: Do not buy a service/warranty plan with a third party company.

Toyota offered me 7 yrs / 100k miles for 1300. Also if you don't use the warranty by the time the mileage expires you get the money back. Sounds too good to be true but that's how it was explained to me by the F & I guy.
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post #6 of 13 (permalink) Old 04-26-2010, 07:36 PM
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Re: Do not buy a service/warranty plan with a third party company.

[quote author=biggee72 link=topic=171554.msg3634106#msg3634106 date=1272324918]
Toyota offered me 7 yrs / 100k miles for 1300. Also if you don't use the warranty by the time the mileage expires you get the money back. Sounds too good to be true but that's how it was explained to me by the F & I guy.
[/quote]

of it sounds too good to be true, it usually is!


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post #7 of 13 (permalink) Old 04-26-2010, 07:39 PM
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Re: Do not buy a service/warranty plan with a third party company.

100K in 7 years? HAH, double the mileage, that's way too short a period for only 100K.


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post #8 of 13 (permalink) Old 04-26-2010, 07:40 PM
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Re: Do not buy a service/warranty plan with a third party company.

My wife only drives about 10k/yr and I drive my work truck most of the time so my car moves about 5k / yr. It's def. doable for the two of us..
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post #9 of 13 (permalink) Old 04-26-2010, 08:17 PM
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Re: Do not buy a service/warranty plan with a third party company.

i only put on about 10,000km a year. and thats a BUSY year. my cars a 2006 and only has 21000km.

people drive wayyy too much now-a-days.


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post #10 of 13 (permalink) Old 04-26-2010, 08:39 PM Thread Starter
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Re: Do not buy a service/warranty plan with a third party company.

Yeah it might be different/better when you go through the factory. Always read the fine print.

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