CNA National Extended Warranty

[McIntraveler]

I am offered an extended warranty with CNA National. Does anyone have input on whether this is worth the $1,800 they want to charge me for it?

How about extended warranties in general?

Thanks.

[Fast_Mopar]

dodge guy wrote:
Always get a manuf. extended warranty. never get an aftermarket one.

I agree. In the past, I felt extended warranties were a waste of money. But, due to the complexity of new vehicles, they are well worth the cost. I'm sure there are exceptions, but overall, I would much rather have a warranty from the manufacturer rather than from some salesperson who calls me looking for a commission.

[McIntraveler]

patperry2766 wrote:
I bought the CNA warranty when I got my truck (Ford) used at a Toyota dealership. I have had to use it once with absolutely no problems or issues. I just had to pay the deductible and they covered the shop & rental car.

CNA is one of the more reputable companies.

Thank you for passing that along.

[patperry2766]

I bought the CNA warranty when I got my truck (Ford) used at a Toyota dealership. I have had to use it once with absolutely no problems or issues. I just had to pay the deductible and they covered the shop & rental car.

CNA is one of the more reputable companies.

[McIntraveler]

bguy wrote:
That's $1800 for 2 years?

I believe it extended the original 3/36,000 to 6/100 bumper to bumper.

[bguy]

That's $1800 for 2 years?

[minnow]

Shop the net for extended manufacturers warranty. The prices vary considerably for the same product. When you get the lowest price, take it to your local dealer and ask the finance manager to meet or beat the price. Sometimes they will. That way you'll have the manufacturers warranty and you'll have bought it from the dealership who will be fixing your truck. A win-win.

[bpounds]

As said, never buy 3rd party warranties. If you want one at all, get the one your manufacturer stands behind.

The 3rd party warranties will fight against paying anything every step of the way. Even when the repair is obviously covered, they will play games to avoid paying. For example, you take your truck in for a covered repair. The shop (hopefully the dealers shop) will have to diagnose the issue, then seek authorization to make the repair. Might be a simple part to replace, but they are not authorized to make the repair until they get the warranty company involved. Meanwhile, your truck is sitting on the operating table, and your technician is pulled off to work on the next patient. Warranty company drags their feet with an approval, hoping you will get impatient and authorize the repair on your own. They have plenty of delaying tactics and they will keep you and your shop swinging in the breeze.

Compare to a manufacturers warranty, where the tech diagnoses the problem and usually has an immediate authorization to make the needed repair.

There is much more to it, like the 3rd party warranties that file BK every few years, reorganizing under a different name, but you get the idea.

Shop around for your Dodge warranty. Prices vary, and you do not have to buy it from your original dealership.

[McIntraveler]

Thanks, everyone. I'm going to ask about the factory one on Friday.

[dodge_guy]

Always get a manuf. extended warranty. never get an aftermarket one.

[Terryallan]

IMOP. IF you want a extended warranty. Get it from the folks that made your vehicle. Never trust the ones you get in the mail, or are called on the phone about. In fact. Ford will tell you that most of those are scams.

[thomasmnile]

If interested, this might be a better expenditure/choice.

[jfkmk]

I used to avoid extended warrantees, and still do for most things. I bought my daily driver as a pre owned, and bought the extended warrantee because I got a great price on the vehicle and the warrantee wasn't that expensive.

To date, I've saved twice what I paid for the warrantee in covered repairs.

[winnietrey]

Edmonds has a decent piece, on understanding extended warranties. I would google it. First thing to understand is, they are not warranties, they are an insurance product. Two very different things ( with very different laws). They tend to more difficult to get them to pay for anything, than say a true manufactures warranty.

If you deicide to get it, they should come down on the price fairly easily. Dealer gets a big cut. Might want to offer somewhere in the 1000 to 1200 dollar range.
see what happens. Dealers point of view some money, better than no money. I don't know how low you can buy it for, but I will bet dollars to navy beans you can get it for quite a bit less than 1800

[McIntraveler]

guidry wrote:
Take the $1800 and put it in a savings account; when something breaks,use it to buy the part and fix it yourself. Extended warranties, in my opinion (and I fell for one once) are a scam! They will find any reason to deny you the warranty, ie: "you didn't maintain your roof every 6 months so the leak is on you". You may have to prove you had maintenance done frequently, even if you do it yourself. It is a money maker for the dealers! And, if you decide you don't want it and ask for a refund, then it will be pro-rated and applied to the end of the loan.

Thanks, I passed on the one offered on our 5er. Here I'm asking about the Ram truck. I should have been more clear in my original post.