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Auto Warranty Broker

104 messages,  Last post on Feb 15, 2008 at 12:39 PM

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What is this discussion about? Car Warranties

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#29 of 104 by maxx4me Aug 07, 2004 (5:15 pm)
no one is denying your points, especially that manufacturer's warranties are the only way to go (other than keeping the money in a short term money market account. My point of view is this:   1. I bought a Ryan Warranty for my 626 in '96 for $650. I put $3,500 in repairs on that warranty. Ryan paid out each time without any problem. Obviously Ryan lost on my deal. Is that why it costs $2,000 for a warranty 8 years later??? 2. Why offer an extended warranty at all if you don't want your GM salespeople to sell them?? I had to initiate the conversation with my GM finance officer. Seems to me that he would have at least broached the subject since that is his job (I guess he didn't want to earn his t-shirt). He didn't care to give me anything more than the retail price. I don't do retail 3. Of my 30 e-mails to GM dealerships asking for their best price on a warranty for a Cat II vehicle, why did 3/4th of them ignore my e-mail?? Why did half of the ones who responded quote me the retail book price?   I love retail in the US. Business people do some pretty stupid things, which explains why over 50% of start-up businesses go OUT of business. Bottom line, if they don't want to sell them, then stop selling them. If you want to sell them, then give us educated people our due......don't give us a bogus "take it or leave it" price. And for the less than educated, why not give them a "price they cannot refuse" to get them to shell out more $$, instead of quoting them extremely high prices for a warranty??? Sorry, seems like dumb business practice to me! Replies to this message: isellhondas (Aug 08, 2004 7:32 am)
#30 of 104 Wow! by driftracer Aug 07, 2004 (7:01 pm)
"I had to initiate the conversation with my GM finance officer"   If any of the GMs I've worked for were ever told that by a customer, they'd help the F&I Manager clear his/her belongings out of the office...
#31 of 104 Re: [maxx4me] by isellhondas Aug 08, 2004 (7:32 am)
Replying to: maxx4me (Aug 07, 2004 5:15 pm) You are correct. Some business people do some very stupid things.   Discounting their product is one of those stupid things that cause business failures.   Some people will automatically ask for discounts on everything even though the price offered may represent a good value.
#32 of 104 Re: Dealership is Sticking it to ya' [sirbt] by nancyw Dec 16, 2004 (9:35 am)
Replying to: sirbt (Aug 07, 2004 9:18 am) Sounds like you work for Auto warranty associates. They have been in business for a few months and have little or no experience. I called Ultimate and they have never heard of them.   The 2 guys who own Auto warranty associates worked somewhere else before they started on 8/17/04. If you bought an Ultimate warranty from them, it is illegal and a stolen contract. Better call and check to see if you have coverage.   Ultimate does not sell its product direct to the public only through dealerships or private label programs. Try www.extendedautowarrantybrokers.com for a true broker and real experience.
#35 of 104 nancyw by audia8q Dec 18, 2004 (11:27 am)
Can you tell us why so many aftermarket warranty companies (the majority) have failed and left consumers high and dry??   Seems to me the odds are working against the aftermarket companies success since the success is based on not paying claims. The manufacturers have a big incentive to keep the consumers happy.. they want to sell you another car? What incentive does the aftermarket warranty company have??? They never seem to be around long enough to gain any loyal customers.
#36 of 104 Exactly! by isellhondas Dec 18, 2004 (11:45 am)
Most have gone out of business, just like car brokers. Why would anyone take a chance with a Johnny Come Lately warranty company anyway?
#37 of 104 Re: You are an accountant highrolla... [chrisgivens] by mani3 Feb 17, 2005 (12:23 pm)
Replying to: chrisgivens (Mar 08, 2004 7:09 pm) The Majority of dealers out there tend to be dishonest. There are Co/companies out there that are helpful and honest. About a year ago I bought a contract from Auto Warranty Broker and I have had to make several large claims since then. They have been nothing but helpful, and efficent. When I first bought the warranty the representitives cautioned me and encouraged me to compare them with other companies. They answered all of my questions and until now they their answers were correct. I am sure that they make money however, some people must still enjoy selling products that they can stand behind not HIDE behind.
#38 of 104 press request by kirstie_h HOST Mar 15, 2005 (5:33 pm)
A reporter with a national magazine would like to speak with anyone who has used a car broker to buy a car. The article is about the pros and cons of using car brokers. If you fit what the reporter is looking for, please email Kirsten Holguin at kholguinedmunds.com by Thursday, March 17.

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