Alan L.
Elite Member
Have any of you purchased extended warranties for vehicles off the internet? I'm fixing to buy a new Yukon XL 4WD and called 2 GMC dealers to get quotes on the 5yr 100K extended warranty. For $0 deductible its $2,385, for $100 deductible its $1920 and for $200 deductible its $1,575. I only paid $1275 for the one on my 1997 Suburban when I got it.
I found two online warranties for $1,250 - Warranties Direct,and 1 Source Warranties. They have wear & tear coverage, and cover everything except listed items. They say they are good anywhere because they pay the repair facility using a corporate credit card.
One of the dealers I spoke with (who of course wants to sell THEIR warranty) said they won't honor the third party warranty. My response was, what is there to honor? All you do is take their credit card charge over the phone. The dealer response was that they WON"T accept payment from a warranty company period.
Do any of you have experience with these internet warranties?
Alan L., TX
I found two online warranties for $1,250 - Warranties Direct,and 1 Source Warranties. They have wear & tear coverage, and cover everything except listed items. They say they are good anywhere because they pay the repair facility using a corporate credit card.
One of the dealers I spoke with (who of course wants to sell THEIR warranty) said they won't honor the third party warranty. My response was, what is there to honor? All you do is take their credit card charge over the phone. The dealer response was that they WON"T accept payment from a warranty company period.
Do any of you have experience with these internet warranties?
Alan L., TX