EasyCare Extended Warranty - Worth It?

Thanks for the plug, B.O. I will say that Easy Care is one of the few service contract providers that you can count on to be there when you have a claim, but there is a whole list of others out there that can and do dissapear after they take your money. Particularly if you are shopping an on-line provider. The problem is that even if they are representing an established product, you never know if your money ever makes it to the actual service contract administrator or not.

Buying through a dealer is safer, because in some states the dealer is on the hook if the service contract admninistrator goes out of business. The better dealers tend to be careful about what products they choose to sell. They also offer you the advantage of building the cost of the service contract into the financing. The prices are negotiable, unless you live in Florida where the prices are fix by law.

Good Sam Extended Service Plan is a great alternative to either the on-line or dealer sold service contracts. It is actually an insurance policy, which is more secure than a service contract and it will allow you to pay by the month, quarter or year. For cash buyers, this is a great benefit. If you finance, it will save you a lot of finance charges. You can keep the coverage in place for up to 18 years (or 150,000 miles for motorized RVs) and cancel anytime.

You can get an instant quote by going on-line at GoodSamESP.com or calling 877 841-8532.

Have you read the policy yourself to see what it does and doesn't cover? Don't just take the salesperson's word that it is "Bumper to bumper", NONE of them really are.. Many of them don't cover much. Is the company solvent? These outfits come and go often and take your money with them when they go? How and when do they pay if work is needed? Do you pay the bill and wait and wait and wait for reimbursement? These and many other questions need to be asked...These are huge profit makers for the dealer. If you must buy one look at the offerings from Good Sam. They are reported to be one of the better ones at a reasonable price...

B.O.

We never bought extended warranties until we bought one of our new trucks. Less than a week after the warranty was up it needed a new engine. We did all the oil changes, inspections etc that was suggested. Our dealer could not believe that the manufacturer would not cover or at least share the cost. We also had bought 7 new vehicles in 10 years from them. Since that we have bought extra warranty. We have used it twice on different things. Just think..one new fridge pays for it.

Bumpyroad wrote:
there are lots of different views on this. are you prepared financially if you need a $2000 repair? you will get the suggestion, usually false reasoning, to put the $$$ in an emergency fund savings account instead. but that is assuming that you are paying cash that you can deposit/save for repairs and most folks are financing them. so you can pay $10 a month more and be covered.
I took an extended warranty on my Highlander because it also covered me 7-84 and included some oil changes, etc. I believe it was about $2000. I just had a lift gate motor repair that ran $1741. so counting the oil changes, etc. I am about even.
but read the fine print. lots of exclusions, exceptions, etc. if a covered part is damaged by an uncovered part, etc.
bumpy

Tks for the advice. Are these warranties negotiable though? Tks

there are lots of different views on this. are you prepared financially if you need a $2000 repair? you will get the suggestion, usually false reasoning, to put the $$$ in an emergency fund savings account instead. but that is assuming that you are paying cash that you can deposit/save for repairs and most folks are financing them. so you can pay $10 a month more and be covered.
I took an extended warranty on my Highlander because it also covered me 7-84 and included some oil changes, etc. I believe it was about $2000. I just had a lift gate motor repair that ran $1741. so counting the oil changes, etc. I am about even.
but read the fine print. lots of exclusions, exceptions, etc. if a covered part is damaged by an uncovered part, etc.
bumpy