SpeakEasy wrote:
When I bought my truck, the person at the dealership who "handles" the paperwork gave me a really hard sell to get me to buy the Ford extended warranty. I NEVER buy these things, but she offered me a deal I couldn't refuse. I won't go into the details, but I bought it. Cost me about $1700.
Then I started reading the fine print. The thing that got me the most was when i read that any parts that were damaged as a result of a failure of a covered part were not covered. There were other issues as well, including the fact that I misunderstood the total # of miles covered (as a result of misrepresentation, I maintain). Long story short, I was able to cancel the sale that day and get a refund. At least the dealership was kind enough to me to let me do that.
But the thing about damage to non-covered parts that happens as a result of failure of covered parts seemed to me to be an awfully big exclusion.
Lesson learned. No more extended warranties for me.
-Speak
The dealer likely wasn't being "kind". I think NYS law requires a 3 day review period that allows you to cancel the contract. This would also be in the "small print" area of the agreement.
Either way I'm glad you got out. I believe those warranties are all a waste of money for the vast majority of consumers.
