Extended warranty. What are your thoughts
My 2017 Ford dually 350 truck has 12,000 miles on it. Thinking of buying an extended warranty????? I was picking up a B&W hitch I purchase at supply shop just after I purchased the Ford and ran into a...
Forum Discussion
1. Read the actually policy, not the sales brochure, so you know and understand what is and is not covered.
2. Buy the policy from a reputable 3rd party or better yet from the original manufacturer. Many "warranty" companies are pure scams that collect a lot of money for their policies and then quietly go out of business making your policy worthless.
3. These policies are huge profit centers for whomever is selling them, so if a dealer or other person is pressuring you to buy, understand they are looking after their wallet and not yours.
4. Understand these are insurance policies and you never buy insurance for something you can easily replace on your own. That is why you buy insurance on your house but not on your toaster.
5. Know that these policies are carefully written to exclude wear items and items that frequently fail, as they have access to the million of repair orders written to know what breaks and what doesn't.
6. Understand the reimbursement procedure. Often you must receive authorization before any repairs begin, repairs must be at an approved facility, and often an inspector must inspect any parts before they are replaced. That inspector may have 60 days or more to make an inspection.
2. Buy the policy from a reputable 3rd party or better yet from the original manufacturer. Many "warranty" companies are pure scams that collect a lot of money for their policies and then quietly go out of business making your policy worthless.
3. These policies are huge profit centers for whomever is selling them, so if a dealer or other person is pressuring you to buy, understand they are looking after their wallet and not yours.
4. Understand these are insurance policies and you never buy insurance for something you can easily replace on your own. That is why you buy insurance on your house but not on your toaster.
5. Know that these policies are carefully written to exclude wear items and items that frequently fail, as they have access to the million of repair orders written to know what breaks and what doesn't.
6. Understand the reimbursement procedure. Often you must receive authorization before any repairs begin, repairs must be at an approved facility, and often an inspector must inspect any parts before they are replaced. That inspector may have 60 days or more to make an inspection.
