Vehicle Extended Warranties: Vehicle Service Contract Types, Cost, and Pros/Cons
ฝัง
- เผยแพร่เมื่อ 2 ก.ค. 2024
- Will Benedicts, the finance director at the Proctor Dealerships talks about what you should consider before purchasing a vehicle service contract or extended warranty for your car. He talks about what the contract is, how long it covers your vehicle, the types of coverages, deductibles, pros and cons, and many more insider tips to help you in choosing the right vehicle service contract for you.
Learn more at,
www.proctorcars.com
Vehicle Extended Warranty: Types, Cost, and Pros/Cons
• Vehicle Extended Warra...
Learn more about common car issues, new car features, car parts, car financing, or new cars on the Proctor Car Tips Channel. These helpful car tip videos will help you learn more about car parts, how to fix common car issues, purchasing a new vehicle, trading in your old vehicle, understanding new car features, or virtually road testing the newest cars on the market.
Proctor Car Tips
bit.ly/ProctorTH-cam
The Proctor Car tips channel is owned and operating by The Proctor Dealerships which include:
Proctor Honda www.proctorhonda.com/
Proctor Acura www.proctoracura.com/
Proctor Subaru www.proctorsubaru.com/ - ยานยนต์และพาหนะ
![[MIRRORED] LISA - ROCKSTAR 🎸 MV version #LISA #BLACKPINK #ROCKSTAR](http://i.ytimg.com/vi/-U58DuCCtZk/mqdefault.jpg)
![CAMPปลิ้น | EP.77[1/2] ก็ไม่ได้ชอบเอาชนะ แต่เรื่องอะไรต้องแพ้!!](http://i.ytimg.com/vi/JraaBYOd7I0/mqdefault.jpg)
I buy through the dealer a manufacture extended warranty with a full service contract. I only pay for fluids, and normal wear type parts. Under the contract I am not allowed to do anything myself to the vehicle unless it is an emergency situation. When I bring in the vehicle for service they give me a loaner if they have to keep the vehicle for more than 1 hour. I often take a contract for 6 years or 100K miles.
On my last vehicle, under the duration of the service contract they changed the transmission, some suspension parts, and ABS control module. I got my money's worth.
Thank you Will for helping inform this senior ! :)
Wow I did not know any of this information. Thank you.
thanks for the straight forward info!
Very informative. Thank You.
Great info. Now I know what to ask when talking to the dealership about an extended warranty.
Thanks for the information!!
This is great information.
Honest (if not completely inclusive) review. The real stat that needs to be revealed is how many of the vehicle warranties purchased are actually USED beyond their value ? Otherwise, take the same money and put it in an investment that is liquid. Then if the car breaks down, you have money to fix it. If it doesn't....you have money for a NEW car.
Cars like Subaru, Honda, Toyota etc are very reliable cars with low repair costs. To me.....extended warranties for these don't make sense.
Amazing!!!!
I can vouch for Fortegra. I've had 4 instances in a year and a half that I've had to use their insurance went they don't bat an eye at claims. The only issue is that they have a dealer Network and they don't sell to the general public. In other words, you can only get it through an authorized auto dealer that has sold a vehicle. It would be nice for people to share other company's that aren't scams
Wish u gave more detail... year make models... preOwned. After driving off lot, etc.
What is the music is called? I love it
no I am a finance manager and the warranty you bought is awesome. trust it will pay for itself the first time you use it!
yeah right
You're a liar. They will find any and every reason not to pay even things that are covered.
Come on people, wake up! With the money you pay for the premium of this "unknown" policy, you can "deposit" that same money into your own account and most likely have the funds to pay for repairs and maintenance when needed and not have to "hope" the repairs are covered by their policy which in so many cases are NOT. OR you can put the money saved toward a BETTER VEHICLE!
THIS. We just bought a new Rav4 Hybrid and the dealer wanted to sneak a nearly $4k VSC! No thanks!
@@rachelh6826 You are "marked" as a SUCKER the moment you walk into the dealership.
Thank you for the video. What is your opinion on the Honda plus extended package. Is it worth the money? Is the coverage comprehensive enough for new vehicles?
what are aftermarket warranty companies that you suggest? seems like a lot of them are new/startups and that is not a good sign.
What is the procedure to cancel an extended warranty from Subaru? I was told by finance manager that i need to write a notarized letter stating i want to cancel my warranty.
If I bought the car 6 months ago, would I still be able to cancel the Allstate extended warranty? I found out the dealership snuck this in at the time when I bought the car just a few weeks later.
with the tech on cars today, I have a bumper to bumper ext. warranty
Smart. I bought a 7 year 100k on a subaru impreza. I was told of the touch screen breaks its about 3k
I just got the Endurance (Supreme) warranty for my 2017 X3 X35i ,please let me know about it if you're familiar with this plan,it's the highest one from Endurance, thank you. Btw the car has all the packages, cold weather, driving assist plus ,parking assistance plus ,technology package, Msport package, it has alot of sensors and cameras.
How is endurance treating you so far
Sir! Factory warranty covered 3years or 60000 right? Whichever goes first and my questions is are they replacing oem parts? Sir! Buying extended warranty after the factory warranty? And are they going to replace oem parts as well? Can i call the dealer before my Factory warranty expire and tell them I need extended warranty and add the $$$ whatever the cost of warranty on my monthly car payments? Thanks!
You can add a factory warranty before either the original warranty is in place, or while the extended warranty is already in place. Be sure to go with manufacture rebate, much better than aftermarket.
Great video! Is it worth paying $2740 on a Toyota Platinum extended warranty for a used 2011 Prius 60 months/60,000 miles. Is the dealer just ripping me off. The car only has 32,000 miles. Help!!!
Don't get one until you reach 60k
Like all extended service contracts, ITS A RIPOFF !!! Dealers try to scare you into getting them
🤙🏼
Can I extend a extended car warranty
huh?
more information on this topic: www.nationalrepairsolutions.com/#!auto-warranty-buying-tips/c7ms
Don't buy from GAI Warranty Company of Florida(The great American insurance Group). They will screw you.
Of course, being the finance director of a car dealership, Mr. Benedicts isn’t exactly a neutral, unbiased person. It’s his job to sell service contracts. What he doesn't tell you is that most service contracts only cover the things that almost *_never_* go wrong with cars. Typically they only cover things like “internally lubricated engine parts” - i.e., the pistons, the connecting rods, the crankshaft, the camshaft, etc. Those things almost never break.
Don’t ever get a service contract that just lists what’s covered. It will look like a long list, and it’ll makes you think you've got good coverage. But cars have *_thousands_* of parts, and as sure as night follows day, when something on your car breaks, that part won’t be on the list. If you _must_ get a service contract, get one that at least purports to cover everything and then lists the exceptions, rather than the other way around (that is, a contract that only lists what’s covered). That way you'll have a better chance of your needed repair being covered. (But still, always be sure to carefully read the list of exclusions before buying the contract!)
A comprehensive service contact that covers most components on your car (no service contract covers _everything)_ will of course be very expensive. It may not be a good deal. But a cheap contract is even worse - it’ll be almost worthless, because, as I said above, it will only cover the kinds of things that never break anyway. So your choice is basically between a so-so deal (an expensive but fairly comprehensive contract) and a bad deal (a cheap contract that covers almost nothing that is actually likely to break).
I appreciated that. You know your stuff.
@@dsmith019: Thanks, Niecy. :-)
@@Milesco Not really, take a look at a Ford Premium warranty, it covers a ton of things that can go wrong with a vehicle, including modules, sensors, and electrical. fordprotect.ford.com/premiumcare/
Vehichle service contracts are NEVER a good buy for consumers. That’s why companies sell them. Take the money you would spend on a service contract & put it into an emergency fund to take care do repairs IF you need them. If you can’t afford to service your car, then you can’t afford the car.
The only type of extended warranties is Scam :)
scam