Worst Car Warranties! (And Best)
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- เผยแพร่เมื่อ 17 พ.ค. 2024
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We're at it again. Many of you have asked us for feedback on a few aftermarket car warranties, so here it is.
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💡 Highlights from Today's Video:
• Worst Warranty Marketing Strategies to Watch For 0:49
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I have an unintended son in law who just spent $11,000 on an extended warranty. All I could do is say ahh well okay then, he is the type that knows everything and isn’t afraid to tell you so.
Been around for a while and worked in for 3 dealerships back in the day/correct me if I am wrong - I doubt if there is a dealership that does not commit fraud several time a day between their sales, service desk and their repair shops. Woops, forgot that I have known many mechanics who agree with me. Just mt experiences
I prefer the self insure path, banking the premium montly.
My niece makes 250 thousand dollars a year for selling these warranties in a Mercedes dealership.
A comment: when buying a new vehicle, it comes with a standard manufacturer warranty! The extended warranty they are pushing can be purchased Anytime. So if the vehicle is a problem then get the warranty later, if not you saved $$$😊
Last fall i bought a used Subaru. I registered it where I live in Western Pennsylvania. To this day i still get calls, text messages,emails and mail dria number of these companies. Dod some research and found out the Pennsylvania DMV actually sells my information to these warranty companies ! Crazy and just pisses me off !
I operated an auto repair shop for 40 years, One guy came in with a transmission problem and we went through the procedure of contact the warranty company and I believe the estimate was about $1,500 at the time, so they said that the car was only worth $895 which wasn't really accurate and they would only pay up to the amount the car was worth. They charged the guy $1,200 for the warranty that they would only pay $895 maximum out on. I told him to file a complaint with the State insurance commission.
When we wanted Hondacare for our pilot, i called then visited 3 dealers here in the DFW area. Not one would sell me a honda dare but sure tried to steer me to an aftermarket one. One dealer finally admitted they would sell a hondacare, but it had to be approved my gen manager- and he was on vacation for 2 weeks. I laughed in his face and left. Found a young man in Nebraska who sold hondacare online from a honda dealer. As I said in earlier post on part 1, we have been happy with factory extended warranties for 25 years. Thanks again for your great videos, kind sir.
After owning so many cars in my lifetime, as of now, factory extended coverage IS the way to go....period. Yes, they might charge you a bit more, but its worth it. Zero headaches, zero deductible , always a loaner driving home with and no question asked. I will never buy after market coverage, even if Oprah promotes them. And in the end, they even clean the car like new, before I get it back.
How do these 3rd party outfits know my car warranty is about to expire?
What it boils down to is that there are a lot of liars at car dealerships!
If you must buy, try to find an exclusionary warranty. One that lists what is NOT covered.
Thank you for your channel. My sad story is about the exclusions. A chevy 305 motor with aluminum heads. Yes your correct, head gaskets, so while driving down the road, check engine light comes on. Pull over ASAP, car gets towed to a repair shop. Clause K (O from Car Shield), reads if any damage caused by lack or contaminated lubricating oil, claim is denied. Well as we know, head blown gasket means ani-freeze in the oil. Spun a few bearings, engine knocking and so on. A known 305 cast iron block, head gasket issue. Claim denied.
Just watched a video about how endurance screwed a guy over big time. They'll pay the little things but when something big breaks they want nothing to do with you.
About 5 years ago, bought a CPO used car. Pretty much got the push on the add ons....sealant and warranty etc. I pushed back on them...."don't you want to save time and not have to wax your car?" I responded, I'm happy to do it myself...I find it relaxing to detail my cars. With the extended warranty, he started to pit my wife against me....about the security and expense of modern electronics. I pushed back...suddenly, I found he was willing to negotiate on price. So we got the warranty. I've used it once...to replace a door mirror switch which was covered with no hassle. But based on that..they are still making a profit even after paying that signal repair. The service writer will caution by saying, we have to get the approval first.....and I remind him how the dealer touting the advantages of the warranty when we bought the car.
I can’t believe all of our beloved celebrities and coaches would work on behalf of CarShield if they weren’t totally above board 🤨
I've seen Endurance ranked #1 in a couple warranty-review sites. I always figure those review sites rank things according to the size of their affiliate commission so it's good to hear from an actual shop that they're one of the better ones.
The dealership gets 3 percent of the MSRP back from the car company when they sell
I called my Senators office and asked them to look into auto and home warranty companies.
Thank you for this information Shadetree Automotive!