I believe you missed the point of my post. 'Historically only
about ONE PERCENT of all manufactures extended service plans,
ever pay out more than the cost of the plan and its
deductibles.' I was referring to the fact that even the best of
warranties from manufactures paying just claims are not a good
investment. On average 99% never pay out what they COST, let
alone more than they cost. Believing one will save money buying
an extended warranty is a fallacy.


mike hunt



Refinish King wrote:
>
> Extremely good advice:
>
> Except for the payment!
>
> Most paid before we had the car finished.
>
> Some were PIS'a, but the State Insurance Commission of Pennsylvania oversees
> the Extended Warranty Companies, and licenses the sellers, mostly the used
> car dealers not affiliated with a car company for the aftermarket brands.
>
> Call the State Insurance Commission, send the complaint with a copy to the
> warranty company. See how fast they resolve it.
>
> Refinish King
>
> <MajorDomo@mailcity.com> wrote in message
> news:404A253A.EBF9F0EB@mailcity.com...
> > Save your money!! Historically only about ONE PERCENT of all
> > manufactures extended service plans, ever pay out more than
> > the cost of the plan and its deductibles. If it were me I would
> > put the price of the warranty in an interest bearing bank
> > account. If you have a covered repair draw the repair cost, less
> > what the deductible would have had to pay, to pay for the repair.
> > The odds are you will come out way ahead. IF you believe you
> > will beat the odds, then buy one sold by the manufacture. Few
> > dealers or repair shops will honour after market warrantees
> > because of their many restrictions. You have to pay the bill,
> > then seek reimbursement from the warranty seller.
> >
> >
> > mike hunt
> >

 

I believe you missed the point of my post. 'Historically only
about ONE PERCENT of all manufactures extended service plans,
ever pay out more than the cost of the plan and its
deductibles.' I was referring to the fact that even the best of
warranties from manufactures paying just claims are not a good
investment. On average 99% never pay out what they COST, let
alone more than they cost. Believing one will save money buying
an extended warranty is a fallacy.


mike hunt



Refinish King wrote:
>
> Extremely good advice:
>
> Except for the payment!
>
> Most paid before we had the car finished.
>
> Some were PIS'a, but the State Insurance Commission of Pennsylvania oversees
> the Extended Warranty Companies, and licenses the sellers, mostly the used
> car dealers not affiliated with a car company for the aftermarket brands.
>
> Call the State Insurance Commission, send the complaint with a copy to the
> warranty company. See how fast they resolve it.
>
> Refinish King
>
> <MajorDomo@mailcity.com> wrote in message
> news:404A253A.EBF9F0EB@mailcity.com...
> > Save your money!! Historically only about ONE PERCENT of all
> > manufactures extended service plans, ever pay out more than
> > the cost of the plan and its deductibles. If it were me I would
> > put the price of the warranty in an interest bearing bank
> > account. If you have a covered repair draw the repair cost, less
> > what the deductible would have had to pay, to pay for the repair.
> > The odds are you will come out way ahead. IF you believe you
> > will beat the odds, then buy one sold by the manufacture. Few
> > dealers or repair shops will honour after market warrantees
> > because of their many restrictions. You have to pay the bill,
> > then seek reimbursement from the warranty seller.
> >
> >
> > mike hunt
> >

 

I believe you missed the point of my post. 'Historically only
about ONE PERCENT of all manufactures extended service plans,
ever pay out more than the cost of the plan and its
deductibles.' I was referring to the fact that even the best of
warranties from manufactures paying just claims are not a good
investment. On average 99% never pay out what they COST, let
alone more than they cost. Believing one will save money buying
an extended warranty is a fallacy.


mike hunt



Refinish King wrote:
>
> Extremely good advice:
>
> Except for the payment!
>
> Most paid before we had the car finished.
>
> Some were PIS'a, but the State Insurance Commission of Pennsylvania oversees
> the Extended Warranty Companies, and licenses the sellers, mostly the used
> car dealers not affiliated with a car company for the aftermarket brands.
>
> Call the State Insurance Commission, send the complaint with a copy to the
> warranty company. See how fast they resolve it.
>
> Refinish King
>
> <MajorDomo@mailcity.com> wrote in message
> news:404A253A.EBF9F0EB@mailcity.com...
> > Save your money!! Historically only about ONE PERCENT of all
> > manufactures extended service plans, ever pay out more than
> > the cost of the plan and its deductibles. If it were me I would
> > put the price of the warranty in an interest bearing bank
> > account. If you have a covered repair draw the repair cost, less
> > what the deductible would have had to pay, to pay for the repair.
> > The odds are you will come out way ahead. IF you believe you
> > will beat the odds, then buy one sold by the manufacture. Few
> > dealers or repair shops will honour after market warrantees
> > because of their many restrictions. You have to pay the bill,
> > then seek reimbursement from the warranty seller.
> >
> >
> > mike hunt
> >