car extended warranty

DirtySCREW

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What are good extended warranty companies to purchase from if it not the dealer?

I got my daughter a car with a CVT transmission.....and have been reading horror stories about CVT transmissions after the fact of course. I don't know as this is the first car I've even driven that had a CVT.

@Mike Overlay


DS
 
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Aftermarket extended warranties (actually some form of insurance) are not all that great. Really pay attention to the details. Stuff that is covered with ease usually never go bad. Other stuff comes with hassles, high "deductibles". Plus, the cost of the warranty usually is more than the rare big component failures.

They also dont like to pay for things done correctly from our experiences. Its gotten to the point we do the work correctly. The customer pays us then submits and fights for reimbursement from the "warranty" companies.
 
What are good extended warranty companies to purchase from if it not the dealer?

I got my daughter a car with a CVT transmission.....and have been reading horror stories about CVT transmissions after the fact of course. I don't know as this is the first car I've even driven that had a CVT.

@Mike Overlay


DS

CVT are hit and miss.
My car, a Ford, has some models that are HORRIBLE...including my car. Knock on wood, I've not had a tranny failure and am close to clipping 100k on her. Most have had them go under 60k.

Personally, Im not a fan of extended warranties, seems like too much isnt covered by it (ie: on my car they'd cover the programming of the transmission, but not the clutch packs etc...does me little good if she let go etc), but if I did choose to get one I'd have to go dealer
 
Like all insurance it depends on the company issuing the insurance and the item being insured. For most cars it is not worth the $$$. I had one on an Audi A8L and between a air suspension compressor, relay, upper control arms & upper oil pan I came out a little bit ahead but I could have self insured for about the same $$$.

Lots of people who run high end cars use them because one repair is often the break even point. In general I do not recommend them but if you are looking at coverage look for ones that are blanket coverage that only lists exclusions. You want a list of the "few" things that they will not cover. These types of policies in general pay better than the ones with "listed".

With your particular situation look at the cost of a replacement transmission. If the warranty coverage that covers that repair pass. Also as i alluded to can you self insure. Take the $$ you would have paid for the warranty monthly and place it in a savings account. If your transmission does not dump early in ownership there is a good chance you will have enough cash to cover it. If if doesn't dump you have the cash for the next cars down payment.
 
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My daughter's car is a 17 Nissan Sentra S 1.8L with CVT. Only had 5k miles on it. I'm driving it back and forth to work to save some gas (35.2 MPGs as of now). It's close to 5200 miles now. According to the interweb.......Nissan seems to be about the worst on cvts....or maybe just more people complain about them....dunno

DS
 
My daughter's car is a 17 Nissan Sentra S 1.8L with CVT. Only had 5k miles on it. I'm driving it back and forth to work to save some gas (35.2 MPGs as of now). It's close to 5200 miles now. According to the interweb.......Nissan seems to be about the worst on cvts....or maybe just more people complain about them....dunno

DS
Did you buy it new or certified preowned. If so I think it had the lifetime powertrain warranty.

I know my girlfriend's 16 altima has the lifetime powertrain warranty

And if not it may also have the 10 year 120k cvt extension due to a lemonlaw case.
 
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Did you buy it new or certified preowned. If so I think it had the lifetime powertrain warranty.

I know my girlfriend's 16 altima has the lifetime powertrain warranty

And if not it may also have the 10 year 120k cvt extension due to a lemonlaw case.

Agreed should be under warranty from the manufacturer most likely longer than she will have the car. I would definitely pass on an aftermarket warranty on a car still under factory warranty.
 
I don't buy em, cos if I can't break it inside of 3 years, it's indestructible.

FWIW, we've got a '12 Nissan Rogue with CVT & 115k on it with zero issues of any kind.
 
We bought one, about $2,500 for it from Warranty Direct, and I'll be damned 5 years later it is about to expire and we have never used it once!

I want that money back so I can go buy gun stuff!
 
Warranty company's are in the business to make money, not to lose it.. Just like the insurance company's you have to use so you can drive your car on the road/ liability and collision.. Their rates are based on what they have to pay out on average unit, then they add on profit for them. It IS a business after all.. I am a service advisor at a Dodge/Jeep/Ram and Fiat dealership but only have been doing this for about a year, before then I was tech for just about 40 years. I have limited experience with non factory or non dealership based warranty company's. I would probably stay away from company's that make you pay for the repair and then they would reimburse you..Ive had a few customers come back to me, cussing me out because their company didn't pay.Of the company's, that will pay me direct, it might take take me a few days to get the payment and unfortunately I cannot release your car back to you until they do. I would think hard about extended warranties and what they will cover. Most of the major repair bills are for internally lubricated components. They include engines, transmissions, differentials, transfer cases and sometimes AC compressors. There are different levels of coverage, If you think you can cover out of pocket sensors and the such, just buy the lubricated components, it will save you some money, maybe. If you decline electronic coverage,, and a control unit goes out,, that can be pricey. There is no good answer here, todays cars are expensive to repair after their warranty expires. See sentence #1 above and buyer beware. Hope this helps..
 
Do not buy one. I deal with these companies every week and there are very few that are worth a crap. Most things they will not pay to fix correctly or they want to mail the shop parts they provide which means the car will be down for long periods and fixed with crap parts. They will not pay the full cost of repairs most of the time and the customers ends up eating the rest. Total waste of money.
 
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