http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/ Helping a unique generation achieve financial independence. Thu, 24 May 2012 01:09:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-503061 Bryan W Wed, 18 Apr 2012 19:41:55 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-503061 I purchased a 2007 Mazda CX7 with 40K two and a half years ago from a private party and due to it being the first model year I opted for the extended warranty option with a zero deductible from my credit union.  At around 50K an oxygen sensor went out which was covered. At 80k the timing chain failed which required engine replacement, after showing maint. records, engine was replaced under warranty.  Less than a month later while having brakes replaced, they noticed a problem with the lower control arm and ball joint.  Again, repairs were fully covered with nothing out of pocket to me.  This was the best $1400 I ever invested! And there's still about 20K/2yrs remaining... I purchased a 2007 Mazda CX7 with 40K two and a half years ago from a private party and due to it being the first model year I opted for the extended warranty option with a zero deductible from my credit union.  At around 50K an oxygen sensor went out which was covered. At 80k the timing chain failed which required engine replacement, after showing maint. records, engine was replaced under warranty.  Less than a month later while having brakes replaced, they noticed a problem with the lower control arm and ball joint.  Again, repairs were fully covered with nothing out of pocket to me.  This was the best $1400 I ever invested! And there’s still about 20K/2yrs remaining…

]]> http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-484405 terilyn Thu, 15 Mar 2012 22:35:21 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-484405 OKay we bought the car with 66,000 on it and purchased the extended warrenty because of the batteries would cost alot to replace now I am wondering does the warrenty depreciate after you buy it so that later they wont have to pay the total amount OKay we bought the car with 66,000 on it and purchased the extended warrenty because of the batteries would cost alot to replace now I am wondering does the warrenty depreciate after you buy it so that later they wont have to pay the total amount

]]> http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-484401 terilyn Thu, 15 Mar 2012 22:30:15 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-484401 Do the extended warrenties start depreciate after you buy it and after it has the 65,000 miles? Do the extended warrenties start depreciate after you buy it and after it has the 65,000 miles?

]]> http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-477741 mcfadde Sun, 19 Feb 2012 16:33:33 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-477741 I just purchased a 2009 cadillac cts 4 wd w/ 21000 mi. Car fax reported no reported breakdowns and only regular service appts kept and car in good standing with no problems. I turned in a chevt malibu that i bought new 2008 but with only 12500 miles. Theyre trying hard to sell me an extended warenty that will not be in my budget. Its not by the mile its by the year and i dont use the car daily. As you can see i put 12,500 in 3 years! Also they want a 100 dollar deduct. Because its a used car they r urging me to make this additional purchase. Should I trust theCarFacts? It drives nice, no indicatio that the car was abused in any way and the owner had it 4 3 years with no apparent problems?? What should I do????? I just purchased a 2009 cadillac cts 4 wd w/ 21000 mi. Car fax reported no reported breakdowns and only regular service appts kept and car in good standing with no problems. I turned in a chevt malibu that i bought new 2008 but with only 12500 miles. Theyre trying hard to sell me an extended warenty that will not be in my budget. Its not by the mile its by the year and i dont use the car daily. As you can see i put 12,500 in 3 years! Also they want a 100 dollar deduct. Because its a used car they r urging me to make this additional purchase. Should I trust theCarFacts? It drives nice, no indicatio that the car was abused in any way and the owner had it 4 3 years with no apparent problems?? What should I do?????

]]> http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-245054 Huongtrung Mon, 18 Apr 2011 01:13:41 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-245054 Please someone tell me which company that provide reasonable extended warraty WITH free car loan and free towing service. I just bought a used car last week. I appreciate your help. Huongtruong Please someone tell me which company that provide reasonable extended warraty WITH free car loan and free towing service. I just bought a used car last week.
I appreciate your help. Huongtruong

]]> http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-155870 sam Thu, 18 Nov 2010 23:12:06 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-155870 sometimes they can be good, but other times they are not so good. Sometimes the aftermarket warranty compaies won't honor problems poeple are having with the the car sometimes they can be good, but other times they are not so good. Sometimes the aftermarket warranty compaies won’t honor problems poeple are having with the the car

]]> http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-140223 NEV Sun, 15 Aug 2010 11:12:28 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-140223 I bought a Jeep which only had 53000kms on it and took out an extended warranty,(thank God)the first lot of repairs within 8 months were nearly $600 The second lot of repairs were $680 and now it has buggard up again and has to be towed and I need a car. Thankfully everything is covered under this warranty including the towing and hire car. So in this instance taking out the extended warranty has nearly paid for itself and there is still 12 months left on the warranty. Jeeps are a great car to drive, but the cost of repairs and labour at Dealerships is way over the top, so if your'e buying an imported vehicle the extended warramty is a good way to go I consider it as $2000 well spent I bought a Jeep which only had 53000kms on it and took out an extended warranty,(thank God)the first lot of repairs within 8 months were nearly $600 The second lot of repairs were $680 and now it has buggard up again and has to be towed and I need a car. Thankfully everything is covered under this warranty including the towing and hire car. So in this instance taking out the extended warranty has nearly paid for itself and there is still 12 months left on the warranty. Jeeps are a great car to drive, but the cost of repairs and labour at Dealerships is way over the top, so if your’e buying an imported vehicle the extended warramty is a good way to go
I consider it as $2000 well spent

]]> http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-133182 justin Fri, 07 May 2010 15:16:15 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-133182 I purchased an extended auto warranty from http://www.noriskrepairs.com a few weeks later, my water pump went out on my Chevy Sivlerado and I didn't pay anything but my $50 deductible! I purchased an extended auto warranty from http://www.noriskrepairs.com a few weeks later, my water pump went out on my Chevy Sivlerado and I didn’t pay anything but my $50 deductible!

]]> http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-130328 Sue Britt Mon, 05 Apr 2010 00:45:20 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-130328 I bought the used car extended warranty because I live in a remote area and the warranty appeared to cover costs of getting the vehicle to an approved repairer and travel expenses. The nearest dealer is over 500km away. I did read the fine print but, of course, I'm not a mechanic or a lawyer. I could not even find out why the warning lights were on until I had transported the car (which was still in good working order) at my own expense 500 km away. Then I was stuck with a $1000+ repair bill, a car 500km away and the situation of having to take time off work to go get it. Did the Allianz warranty cover any of it? Of course not, waste of money. I bought the used car extended warranty because I live in a remote area and the warranty appeared to cover costs of getting the vehicle to an approved repairer and travel expenses. The nearest dealer is over 500km away. I did read the fine print but, of course, I’m not a mechanic or a lawyer. I could not even find out why the warning lights were on until I had transported the car (which was still in good working order) at my own expense 500 km away. Then I was stuck with a $1000+ repair bill, a car 500km away and the situation of having to take time off work to go get it. Did the Allianz warranty cover any of it? Of course not, waste of money.

]]> http://genxfinance.com/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/comment-page-1/#comment-129038 lee rosenthal Mon, 15 Mar 2010 14:30:39 +0000 http://genxfinance.com/2008/11/19/is-an-extended-warranty-on-a-used-car-worth-it-the-good-bad-and-ugly-of-these-service-contracts/#comment-129038 Very good information as I have a extended warranty I purchased on my 2007 chrysler convertable. I haven't had to use as yet but I plan to keep car and decided to have the warranty available when needed. The comment I would like to make is the car dealers make every effort for you to purchase a extended warranty when buying a new car. Keep in mind that if you decide to do that your going to be paying on the warranty as long as you have your loan. So you need to keep that in mind that your paying interest on the money your financing for the warranty. I think you better off waiting until your a couple months away from the original warranty expiring then finding a good warranty. Very good information as I have a extended warranty I purchased on my 2007 chrysler convertable. I haven’t had to use as yet but I plan to keep car and decided to have the warranty available when needed. The comment I would like to make is the car dealers make every effort for you to purchase a extended warranty when buying a new car. Keep in mind that if you decide to do that your going to be paying on the warranty as long as you have your loan. So you need to keep that in mind that your paying interest on the money your financing for the warranty. I think you better off waiting until your a couple months away from the original warranty expiring then finding a good warranty.

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