Tuesday, April 2, 2013

Consumer Reports magazine auto extended warranty testimonies about? Case

Main problem merely by Ken D: If consumer reports magazine have or would rate auto extended warranties?

Seems like the there is a general consensus (my opinion) that these warranties are not recommended and there is no way that I know how to find who is reputable and who is not. I contacted one company by their web site and I received a “not a valid e-mail” when I contacted the BBB and who also did not have any information listed for this particular company.


This is everything about If consumer reports magazine have or would rate auto extended warranties? that you could need to fix complications on his or her. I hope this will help to in lots of ways… to create your life considerably better. With the expectation everything about If consumer reports magazine have or would rate auto extended warranties? might possibly be a method in the coming years.

Most practical answer:


Answer by PEACE ON EARTH

Hi Ken,

It sound like you’re doing the right things by researching companies before doing any business with them. The BBB is an amazing source for so many things that consumers could benefit from using more often. I use the web to do my researching. I go to as many places until I feel I’ve got my answers.

I am not too thrilled with CR (under statement!). I’ve been a member for over a year now and they’ve not been of help in deciding on the purchases of MANY things. The items they recommend have negative reviews from owners/users. Going to other research sources usually shows the CR recommended items negatively. The forum part of CR has members complaining about the fact that CR doesn’t pay attention to them and their needs, that they do not provide enough information or the wrong information.

So, there is my 2 cents worth.

Good Luck!


Answer by John M

Its been my experience, when I have listened to or read the various extended warranty sales pitches, is that the kinds of things excluded from the coverage are the most likely things to fail. Conversely, the items that are covered are unlikely to fail, and even then the coverage usually has some fine print to eliminate a lot of those claims from being paid as well. So, on average, people as a group do much better not buying extended warranties. Similarly, if I owned a large fleet of vehicles, I would be better off not buying extended warranties. The costs of the premiums will exceed the amount of the covered repairs when averaged over time. The people that do make out on an extended warranty are the ones who happen to have an expensive item fail, and it happens to be covered under the terms of the warranty. This is fairly rare.


You are basically buying pretty expensive insurance. Compare the cost of the premiums with the cost of selling your vehicle and applying the premiums toward a new car payment, or a car with a factory warranty remaining. It will be a newer car, nicer, and probably more fuel efficient. If you are on a budget, perhaps you’ll be happier with a car under factory warranty that is smaller, less expensive, or nice enough to be worth chipping in some extra money.


Its all a matter of preference, but the company offering the warranty must make a profit, so going into the deal, you are not going to come out ahead unless you happen to be one of the people that has a serious problem with a car that isn’t expected to have that kind of a problem yet.


Answer by Byron

Only buy a warranty backed by the car manufacturer and ask the sales person to offer you full coverage. If the full coverage seems to expensive, then skip purchasing an extension. 100,000 miles will cost about $ 2,000. If you are still under the factory warranty, the price may be less. Here is a list of warranty durations to see if your car qualifies: http://www.factorywarrantylist.com/


Answer by Karl Kern

Yes, only get the MANUFACTURERS’ WARRANTY, and the BUMPER TO BUMPER kind. The other, power-train, or drive-train is riddled w/ exclusions.


When I was shopping for a mini-van, I got copies of Toyota’s various warranties from dealers’ finance managers & studied them.


The managers werent informed on the details, so I had to call Toyota Headquarters for clarification.


Shop @ diff dealers, cuz cost varies significantly.


IMO, they’re def worth it. A fancy side-view mirror might cost $ 250, maybe a 90 warranty + 1 hr labor to remove & replace. Then it fails again. Not covered under power-train, prob covered under btb.


Consumer Reports is the only game in town for ratings and comparisons of products n services. It doesnt accept ads, buys test products anonymously on open market [wont accept donations from corps], and I think it’s non-profit. It has a huge readership, so when it solicits customers’ opinions, it gets 100k+ responses.


They’re not perfect. IMO [altho I dint research it] they totally dropped the ball on Toyota’s probs and now are trying to play catch-up.


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Consumer Reports magazine auto extended warranty testimonies about? Case

1 comment:

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