Why Not to Buy an Extended Car Warranty (Scam)
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- เผยแพร่เมื่อ 23 พ.ย. 2017
- Extended car warranty scam. Why not to buy a extended warranty for your car. Extended warranty scam with Scotty Kilmer. Should you buy an extended warranty for your car or not. When buying a new or used car at a dealership, salesmen always push buying this extended warranty, and I'll tell you the truth about if it's worth buying or not. DIY Car repair with Scotty Kilmer, an auto mechanic for the last 50 years.
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Notice how CarShield and other extended warranty companies turn off comments on their videos? They don't want customers to hear the truth.
I’m a lawyer. By watching Scotty I will be mechanic. Lawyer-Mechanic.
My God somebody please give this man the Nobel Peace Prize.
Never buy an extended warranty. Once they sit you down with the finance person, they'll try and sell you everything. It's like a single person with no kids buying life insurance. LOL
Doug Demuro disliked this video.
Yep, happened to me. Had a policy, went to use it and the company didn't exists anymore. Thanks Scotty.
I work at a Ford dealer and can say this first hand. IF you are going to buy an extended warranty by all means buy the one from the manufacturer. 3rd parties are a joke.
I did a video about how dealerships rip people off. The comments section is FULL of dealership employees getting so mad lol.
Another important note: if you did make the mistake of getting an extended warranty, you can cancel it, no matter how long it's been since purchase! Just go back to the dealer and tell them you don't want it anymore, and they're legally obligated to cancel it and refund you the remaining amount.
I never buy extended warranties on anything and have never regretted it.
When I purchased my first new Toyota Camry back in 2002, the salesman tried to sell my an extended warranty. I told him, "you mean, you want me to pay for something that could fail on the car because it wasn't built right in the first place?" His response was, "Oh, even our Toyota mechanics purchase extended warranties." My response, "Well, now I'm wondering if I should purchase this car at all. Especially if your mechanics feel it's necessary to get the extended warranty. Can't be that good of a car if that's the case!" The salesman never mentioned anymore about an extended warranty as he didn't want to lose a sale. Never had any major issues with that car and traded it in on another Camry after 10 years and 245,000 miles.
I used to be a car sales man. These are facts.
I spent 5 years of my life selling cars for a new car dealership. What Scotty says here is 100% spot on!
I have been a tech for 22 years, I also worked as a claims adjuster for an extended warranty company here in Tampa Bay *cough PMC cough*. Let me tell you first hand, these warranties are a complete rip off. I could go into details that would literally blow your mind, especially if you’re mechanically knowledgable. I worked there for 4 months and quit because I couldn’t sleep at night seeing how badly people were getting reamed up the bunghole. They target lower income people to begin with, lie about coverage and deny claims based on fine print technicalities. You have to have no soul to work for these companies. Stay the hell away from extended warranty companies, your shop will thank you as well. No one wins except the warranty company. If anyone wants to know the details, I can probably make a video explaining everything in depth.
Put that same payment into an account, and by the time you need it, you'll have your own auto repair fund.
Bought a bunch of new toyotas.When they try to sell the warranty i ask them "has the quality of your vehicles dropped to the point i have to pay extra?"they say no but i cut them off and say if you mention this again deal off.Shuts them right up.
I used to work as a service adviser a a car dealership, it seemed like at least 9 times out of 10 those extended warranties weren't worth the paper they were written on.
Another top tip. Don't buy anything through the dealership. Tinted windows, alarms or stereos. They use outside vendors and charge you twice what it costs.
I had both the sales and finance guys tag team me on the extended warranty once. I had to tell them at least 10 times I didn't want it. But they just kept rolling through the different plans. When no to the platinum plan, they started talking about the gold plan. I say no to that, they started talking about the silver. I had to get angry and give them both a hard look and tell them very slowly. "I do not want an extended warranty. If you ask me again, I will walk out of this building."