Postby allisojh » Mon Jan 24, 2011 2:31 pm
Buyer beware.
the "extended warranties" from third party companies are nothing more the "service contracts". I have heard many, many, many bad experience stories about them. Both warranty side and mechanic side. mechanics cringe because they don't want to deal with the companies because they hassle them on what, how, and when and will only pay a certain amount. Warranty companies tell their clients its "wear and tear" and won't pay for it, deductible is too high, vehicle owner has to pay the mechanic and then get reimbursed by the warranty company.
All kinds of problems.
Many mechanics won't deal with them. Our Nissan dealer will not deal with any extended warranty companies. If you want Nissan to work on your vehicle, you pay then get reimbursed by the warranty company.
With that said... My wife bought an extended warranty from Zurich and it was awesome. In fact, it was the only Extended warranty the service manager would accept. I mean... My wife's policy with Zurich was the last policy he would deal with. He turned everyone else away. Now... My wife is a total fox and can make mince meat out of most men but... Zurich NEVER hassled the dealer, they just paid right over the phone. She was towed twice, they have a 24/7 number to call and we had a tow truck at the location within 45 minutes.
Look into Zurich as a 3rd party one if you think you need it.
The way I look at it is what's covered with the factory warranty. Drive train has been extended to 100k, radiator has been extended to 80k. maybe a head gasket could go, etc....
But... all in all are you going to spend 2-3k in repairs over the next 4 years? If you think so and don't mind the hassle you may get from your dealer and the warranty company go for it. I just don't have the temper to deal with it. My luck, I buy the warranty and then they won't pay to have it fixed, or they send my tranny mechanic a tranny from the shop they deal with, I got to wait 4 weeks for it to come in, then once its fixed, the tranny is a POS and now I am dealing with my mechanic, Nissan, and the warranty.
F that... if something goes wrong, i will pay out of pocket or fight the dealer. At lest then I know its going to get fixed immediately.
I have AAA so if I need a tow, I call them.
Its all what you want.
I say look into Zurich if you are set on buying one though for peace of mind.