Extended car warranties are B.S.

[caver]

I used to deal with a local UPS driver and he bought an extended warranty on a Polaris ATV. No fault of his the engine sh** the bed. They wouldn't cover it and he went round and round with them. I did buy an EW on a refurbished laptop maybe 20 years ago but never had to use it.

 

[LouNY]

Well I have bought 2 extended warranties, one on my Harley that hasn't been used and one on my RAM 1500,
the RAM one just got used a month ago to replace the tone ring on the engine.
The Tone ring and sensor where several hundred, the tow was almost $200 and labor was a few thousand,
as it requires pulling the transmission and transfer case to remove the engine flex plate to R/R it.
This was the second use of that warranty.

 

[crashz]

I bought an off-lease 1997 F150 with the horrible 4.2L V6 and 5 speed transmission, short bed 4x4. I twas a fun little truck to drive.

At the time of sale I was talked into the extended warranty (it was my first newish vehicle). It had something like 30K on it and at 69K the engine started using coolant and steaming after start up. They were known for timing chain cover leaks, intake gasket and head gasket issues.

No dealer would touch it, even though I was covered by a Ford extended warranty up to 75K. They kept pushing me out of the door saying they could not locate the coolant leak. I think they hoped it would make the last 6,000 miles. Finally after a very hard start and coolant pouring from the tail pipe, I got the selling dealer to do something about it. On a Saturday afternoon, I pulled it up (not daring to shut it off) to the glass showroom windows and talked to the service adviser. While talking, it was steaming and leaking antifreeze from the exhaust. After being rejected again I told them I'll be leaving right there out front for the customers to see and smell. The service manager pulled the owner and parts manager aside and suddenly I was offered a very high trade in value for a truck on the lot. I happily accepted and picked a nice little black one that was out front.

Not surprising, I did not opt for the extended warranty.

 

[Tomtint]

Hmmmm ...extended warranty.. so a car comes with a factory 5yr 100k warranty, ..and the dealer wants to sell you a 6 year 150k warranty... in actually hat you are getting is a 1 year 50k warranty...just as long as you have all the service records to show you have done every mfr recommend service on time. ..yes, it's a scam. There are dozens of companies who will fill your mailbox with 3rd party warranty offers just about the time your. Factory warranty is about to expire.. all with different scams and price points.

 

[k0ua]

To the OP, thank you for sharing your story. I have never bought one of the extended warranties, but the wife mentioned it a while ago about getting one for our 2013 Chrysler minivan, as we are getting older and neither of us are working and making the money like we used to bring in. I thought about it but resisted the urge. Thank you for solidifying my first impression that these are probably not a good investment for us. I wish you well.

 

[Bird]

I'm sure everyone knows that a so called "extended warranty" is simply insurance, and just as with any other insurance company, or insurance policy, you need to read and hope to understand all the fine print.:laughing: The factory 3 year warranty on my car expires next month, and I've already paid for a so called extended warranty. And I hope it was money wasted, and that I never have to use it.:laughing:

 

[Diggin It]

"Drivetrain" warranties are generally very restrictive and don't cover accessories like starters, alternators, power steering pumps, u-joints, seals etc. In other words, anything likely to wear out is not covered.

I don't consider a starter to be an accessory. Not like the old days when you could hand crank one.


On the other hand, I have at times seem language that specifies mechanical components only and excludes all electrical components.

 

[aczlan]

I don't consider a starter to be an accessory. Not like the old days when you could hand crank one.


On the other hand, I have at times seem language that specifies mechanical components only and excludes all electrical components.

Looking at the only Genesis warranty manual I could find online which (was for 2016), the drivetrain warranty seems to cover internal parts of the engine and transmission, not external parts such as the starter, alternator, etc.

Aaron Z

 

[herm0016]

i just paid 300 bucks for over 5k worth of work, warranty paid for it self almost double at over 100k miles. pinion bearing, radiator and transmission cooler lines. I get them, as long as its manufacture backed. have not gone wrong on it yet.

 

[txdon]

i just paid 300 bucks for over 5k worth of work, warranty paid for it self almost double at over 100k miles. pinion bearing, radiator and transmission cooler lines. I get them, as long as its manufacture backed. have not gone wrong on it yet.

Did they ask to see you maintenance records like they did to the OP?