RE: Extended warranty

From: Rick Barnes (barnesrv@comcast.net)
Date: Thu Mar 17 2005 - 09:06:06 EST


An insurance policy is exactly what it is, not a warranty at all. Andy is
right, your best bet (if you must have one), is from the stealership.

Rascal

-----Original Message-----
From: owner-dakota-truck@bent.twistedbits.net
[mailto:owner-dakota-truck@bent.twistedbits.net] On Behalf Of Andy Levy
Sent: Thursday, March 17, 2005 8:34 AM
To: dakota-truck@dakota-truck.net
Subject: Re: DML: Extended warranty

On Thu, 17 Mar 2005 07:32:41 +0000 (UTC), baddak@excite.com
<baddak@excite.com> wrote:
>
> In article <024901c52ab2$7cdc8820$5ffaded1@amd500>,
ttroidl@bluefrognet.net
> ("Ttroidl") writes:
> >
> >
> > Has anyone used "Extended Warranty Broker"?
> >
> > I was looking at a plan from them for my '02 Dak, as the 7-70 will be up
> > shortly, they have a plan that will cover me till 115K with $100
Deductible
> > for around $1300, if anyone knows a better option I'd appreciate it!
> >
> > OR if you know them to be a rip off, I'd like to know that as well..
> >
> > Thanks loads!
> > Tony.
> >
> > www.tasteofthemidway.com
> >
> > Hate Spam? try www.friedspam.net
> >
> >
> >
> > --
> > No virus found in this outgoing message.
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> >
>
> I know of only two problems a friend had. He purchased the warranty,
then
> moved about 100 or so miles away and had a hard time finding a dealer that
> would accept his "plan" if you will. Same friend, was told deductible
amount
> was low ($100-150) which it was, but the total bill had to be over a
certain
> amount (I think $800) before the plan would pay the rest not covered by
the
> deductible. So he had to foot the bill for about $6-700. ASK A LOT of
> questions, read a lot of the fine print, and even call other dealers to
see how
> the claims process works. My friend basically got burned by his ignorance.
This
> was about 5 years ago, and I don't know if some things have changed since
then.
>
> Be afraid, be very afraid...

3rd-party warranties are more like insurance than a true warranty.
Usually you pay for the service, then submit a claim back to the
warranty company. As Mike said, it's a minefield out there - there
are a LOT of traps, "gotchas" and other things to watch out for.

These companies aren't infallible, either - like any other business,
they can go bankrupt. Ask the DOC about Warranty Gold, but wear your
Nomex underwear when you do - WG went belly-up and left a LOT of
customers asking "ok, so now what happens with this warranty I bought
6 months ago for $1500?"

An extended warranty directly through DaimlerChrysler may be more
expensive, but factor in the risks and headaches of using a 3rd party
and it is probably the better way to go.



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