Apr-09-2020 08:57 AM
Apr-14-2020 06:26 AM
Apr-14-2020 12:15 AM
Apr-14-2020 12:14 AM
Apr-13-2020 04:33 PM
BenK wrote:
That is how insurance works...the same for life insurance, health insurance, home insurance, etc. look it up and learn how insurance works
Sell many, many and just a small number will need it
Why don’t folks cancel their home insurance...because they haven’t had the need to use it?...or your health insurance because you haven’t had a need to use it?...etc
Of course...there are good insurance companies...ok insurance companies...to rotten insurance companies...
Apr-13-2020 02:58 PM
Apr-13-2020 10:19 AM
OH48Lt wrote:
Generally, extended warranties are mostly a gamble that the manufacturer and dealer usually win. I have never bought one for anything I own, except for my last purchase. That was for my Mustang Bullitt, and it has a TON of electronics and Bullitt-specific parts. I bought the 8yr/60K plan because I know I'll keep it that long.
If you are going to buy an extended warranty, NEVER go with a third party. Buy Ford's ESP.
Apr-13-2020 12:04 AM
Apr-12-2020 07:05 PM
Apr-12-2020 06:55 PM
Apr-12-2020 11:48 AM
deltabravo wrote:Chuck .. wrote:
He told me years ago that the best advice he would give anyone is to purchase an extended warranty before your truck factory warranty runs out. With the newer truck electronics, if anything needs replacing it will cost you thousands.
I'm not sure how advice from "years ago" has any correlation to "newer trucks"
add-on warranties are a huge profit center for dealers, that's why they push them so hard.
Apr-12-2020 10:17 AM
Apr-12-2020 06:11 AM
Chuck .. wrote:
He told me years ago that the best advice he would give anyone is to purchase an extended warranty before your truck factory warranty runs out. With the newer truck electronics, if anything needs replacing it will cost you thousands.
Apr-11-2020 10:12 PM
blofgren wrote:mtofell1 wrote:
Good advice so far about shopping around and going only with a factory backed service contract. As everyone says, the warranty companies and dealers are in business to make money. Keep in mind A LOT of that money is from people overpaying so you can do a lot of damage control just by purchasing right. They also make a lot of money by people selling the vehicle before the coverage runs out.
I bought one on my 2014 Ram and it's paid off big time. I've had exhaust manifold bolts (2K?) and a tranny rebuild (4-5K?) done. Mine is a a lifetime which means it's good until the repair exceeds the value of the truck. I paid $2200 for it. Mainy, for me, if I didn't have the warranty there's no way I'd still have the truck. It's a company vehicle and I have to be able to manage my costs. I can't have a sudden 5K expense. When I look at how much it costs to do a trade-in and buy a new truck it's a no-brainer. Having the warranty/service contract has allowed me to save a lot by not having to buy/sell. Nonetheless, there will always be the bashers telling me I'm crazy and am throwing money away which is fine. To each their own.
I had forgotten about that lifetime warranty until I read your post. I'm interested in more details on your Ram including engine, transmission, mileage, etc. and what the repairs were.
Apr-11-2020 06:00 PM
Apr-11-2020 05:37 PM
blofgren wrote:mtofell1 wrote:
Good advice so far about shopping around and going only with a factory backed service contract. As everyone says, the warranty companies and dealers are in business to make money. Keep in mind A LOT of that money is from people overpaying so you can do a lot of damage control just by purchasing right. They also make a lot of money by people selling the vehicle before the coverage runs out.
I bought one on my 2014 Ram and it's paid off big time. I've had exhaust manifold bolts (2K?) and a tranny rebuild (4-5K?) done. Mine is a a lifetime which means it's good until the repair exceeds the value of the truck. I paid $2200 for it. Mainy, for me, if I didn't have the warranty there's no way I'd still have the truck. It's a company vehicle and I have to be able to manage my costs. I can't have a sudden 5K expense. When I look at how much it costs to do a trade-in and buy a new truck it's a no-brainer. Having the warranty/service contract has allowed me to save a lot by not having to buy/sell. Nonetheless, there will always be the bashers telling me I'm crazy and am throwing money away which is fine. To each their own.
I had forgotten about that lifetime warranty until I read your post. I'm interested in more details on your Ram including engine, transmission, mileage, etc. and what the repairs were.