5 Things you need to know about A Car Extended Warranty

[@Blackjack691]

My current car is a 2007 Mazda CX9. I purchased it in 2017 with 54K miles. Since the car was already 10 years old I purchased the dealer's Extended Warranty through Mazda. The cost of the contract was $1300. I have always purchased the warranty with every car that I have ever purchased. Most times the warranty went unused. This time I was extremely happy that I made the purchase. The warranty was 48 months, 48K miles. As it went I had another 8K left on the extended warranty when my water pump failed and dumped coolant into the engine. The dealer told me that I needed a new engine. I told them to go ahead since I had the extended warranty. As it turned out the warranty covered most of the new engine (they would not cover more than I had paid for the car and I had previously had some work done under the warranty.) I ended up with a rebuilt engine in my car and they provided a new loaner for me to use for at least a month. Glad I made that purchase.

[@daveisdead]

They almost never pay for a reman engine. It’s always a junkyard used one. Look at the countless mechanics on KZbin that say this. They deal directly with the warranty companies, Chevy dude is not a mechanic and I wouldn’t expect him to know about the actually claims process as a mechanic

[@clifbradley]

Mike is dropping knowledge. Yet some people refuse to pick it up because they know better. Just remember, like YAA on KZbin says..if it's taxable, it's negotiable

[@christianmorales8979]

Not every state taxes extended service contracts so not true

[@randyneary842]

My wife's Rav was on the final month of the 7yr extended warranty of her car when the alternator and AC went out. That warranty was the best money I spent. The next three cars I bought all have extended warranty, I also negotiated the price down on all of them. One thing I learned from Chevy dude is negotiate every step of the process, price of the car, trade in, extended warranty and financing. It can be weary but worth it.

[@jerrya2006]

How much did the warranty cost vs the cost of repairs?

[@lakesideag]

@@jerrya2006 I don’t remember the exact number but I the cost of repairs was just about double what the warranty cost. The owner of the shop is a friend and he told me that warranty was worth 2x over.

[@Electragirl5]

Okay but how old was the car lol

[@kellykeefe3610]

See my post

[@inspectorgadget346]

@@lakesideag Either you drive an import or have an old vehicle because on average about 12 percent of SVC price go to the insurance and the remainder is laid to the overhead, pay for building commissions, wages. And most people buy in and never use on average. Yes there are people who do come out ahead but those are outliers.

[@ingamz5200]

I’m a single mom taking care of everything.. car, living expenses & my kid so I value your honesty and knowledge, it’s videos like this that make my life a lil easier!! Thank youuu

[@TheMrlucky510]

@ingamz5200: Congratulations on being an adult 👍🏻

[@johnfatorich3494]

Hi Inga, you're very nice looking.😊

[@bv2745]

Super creepy🤮

[@bv2745]

Right? “Single mom” and the babies daddy is the one paying through child support😂

[@WilliamLeonard]

Why is your dog limping? 😂😂 you should’ve gotten an extended warranty for him.

[@IceManLikeGervin]

One thing you need to know about a car extended warranty from the dealership- don't get one. Only get a FACTORY extended warranty!

[@AllAboutPurple]

How do know which one is which? 😩😩 These dealers can lie

[@scottr2706]

@@AllAboutPurple You might consider checking the paperwork for the name of the provider.

[@richardpeoples8019]

100% correct.

[@MissionOffRoad]

Thanks for the video. This year alone, my 2016 Tahoe had a failed trans and a/c. I spent thousands to get fixed because the warranty expired last November. I'm considering either selling it or getting a 3rd party warranty. I've read so many horror stories because these companies try to avoid covering claims. I don't which warranty company to trust.

[@scottr2706]

Do not trust any third party provide of an extended service contract. These are not warrantees, only the manufacturer issues a warranty with the sale of a new vehicle. All third party ESCs are garbage. They all have small print designed to not pay claims. Always remember neither Chris Berman or Ice-T are your friends. Do you really care if Ice-T loves his cars? If you want an ESC, only buy one from the manufacturer. Those will actually pay claims.

[@debl9957]

Don't trust any of them. Chevy Dude has his head in the clouds about this topic.

[@markremillard5135]

Listen to the Chevy guy.They know all about broken down vehicles

[@buywithbenny]

Great video. So much confusion with warranties. Definitely find this helpful.

[@scorchthelost]

Picked up a used 2015 Fiesta ecoboost a couple years ago, we paid for the extra warranty. A month later the engine seized while I was on vacation. Got a brand new engine for 400 bucks total. And those 3 cylinders are pricey.

[@FrenchHawk878]

Extended warranty wouldn’t have mattered. If only a month then you would have had a warranty from date of purchases. Extended warranty wouldn’t have even kicked in yet.

[@scorchthelost]

Its likely if I had tried to fight the dealership I would've probably ended with a completely different used car. Instead the warranty got me an engine worth half the cost of the car. And the SFE Fiestas are difficult to find.

[@RoadRunner-yu8cu]

@@scorchthelost well...a FORD was your first mistake so i'm not surprised that the engine seized...lol also why was your deductible so high? $400??

[@scorchthelost]

@@RoadRunner-yu8cu We had them replace spa to plugs, wires, etc. Also the engine new is like 4k

[@RoadRunner-yu8cu]

@@scorchthelost that's nuts

[@donniesmith8779]

Great Video.. I was kicking myself for buying one yesterday, but after this, glad I did... SInce in 5 years, I will be on fixed income.. this will be ok then..

[@edstingray3828]

Love your Boxers. I've had several. Great family dogs. We currently have Boston Terrier there cousin.

[@robertblaney5033]

If extended warranties were a good deal for the consumer, the insurance companies wouldn’t be selling it. Yes, there MAY be an occasion where it would pay off, but the the odds are heavily in favor of the insurance companies. You would be better off to invest the cost of the warranty

[@lorenasasa603]

Insurance company’s don’t sell extended warrantys that cover electric or mechanical this is false information

[@randy74989]

Exactly, they (Insurance companies or dealerships) are not in business to lose money, period. So, it's a suckers bet and "There's a sucker born every minute" is a phrase closely associated with P. T. Barnum.

[@darkNovaskar]

If your policy expires can you get that money back since you never used it?

[@JoshPaterson]

This was very useful. I'm in the process of purchasing a 2022 corvette and contemplating an extended warranty for the first time because it is an expensive purchase.

[@kevinjardine9528]

2012 Subaru on my second extended warranty. The fist one paid for itself with a few repairs. Only have like 70k on it, another 2 years left on this warranty. Also do all my work at the dealer and my dealer took care of me I was two months out of warranty, when I head gasket went. Why I love my dealer.

[@dogsarefun2]

Just bought a 2023 Mazda CX-5 turbo signature with 6.k miles. Bought an Allstate 10 yr. extended warranty, $0 deductible, just about everything included for $3,800 plus tax. Smart or Dumb move? I drive only about 8k miles per year. I can afford it.

[@jonmurman8117]

i am an expert in Vechicle service contracts. 99.9% of the "coverage" being sold over the phone is no better than toilet paper. They will actually lie to you when selling you the garbage. One big factor very few buyers even realize is a big factor is who is the reinsurance provider on the product you are buying. Many are not reinsured and are literally worthless. Florida residents have an advantage because warranty coverage are considered an instrument of insurance so it's much harder to sell garbage warranties in Florida. i like Zurich personally.

[@noeorozco5054]

well zurich is trying to cancel my warranty cause I filed a claim

[@pc4189]

Back in 2006 I bought a used '97 f150 v6 2wd (totalled truck in 2014). I was dumb enough to pay an extra $400 for a Lubrico used car extended warranty. In 2008 the truck got this vibration but only between 80-100 kph, below or above that the truck ran fine. The warranty was their full coverage warranty which included electronics, AC and power train etc... I had the truck fixed (a weight had fallen off causing the driveshaft to become unbalanced.) for $220. When I went to make a claim on the warranty I was told that the drive shaft is not a part of the powertrain. After multiple calls to them and getting the same BS answer I asked the guy on the phone that if the drive shaft is not part of the powertrain then how exactly does the power get to the rear differential from the transmission??? The guy just told me to F-off and they would no longer take my calls and they blacklisted my account. Lubrico??? hmm the only thing the "Lubricoed" was $400 outta my wallet. I have never bought another warranty since.

[@RoadRunner-yu8cu]

i'm Quite sure the Drive Shaft IS part of the Powertrain.....that's some real Malarkey right there lol

[@natural-born_pilot]

I had a similar experience with a 2018 Mustang GT 6sp manual, I purchased new with a 3yr extended warranty. In 2021 my shifter broke off and I took it to the dealer who told me the shifter was not covered. I disputed that until I was near blue in the face and they staunchly stood by their story. My luck with warranties runs about 50%. It seems most times I bring a car in for repair under full coverage bumper to bumper the dealer has some BS explanation that the repair isn’t covered. Ya I’m fed up with warranties but what are you going to do? You can’t go without them because your setting yourself up for more expense just by the small stuff it covers. I think it’s all a scam just like back in the old days with the added cost for undercoat, what a joke and a rip

[@robertscott305]

He is 100% Correct about the average cost of a repair at a dealership see the garage rips you off just like the sales department then charge you a $120 for 5 minutes of work right off the bat. Average cost of a diagnostic at a car dealership is $120 and they charge you theoretical hours if the computer says the job takes 3 hours to do the job and they have a really good mechanic who does it in 2 you're still get billed for 3 and the average dealership is charging right around $75 a hour in labor.

[@lacherokeedecaceria1263]

As a certified mechanic , yes you are correct but that mechanic spent thousands of dollars buying tools to be able to get the job done in half the time. That’s how he remains profitable .

[@robertscott305]

@lacherokeedecaceria1263 Yes, I'm a 100% sure. Yes, I know you buy your tools. But you don't buy them all once you buy them over time. the company that I work for their mechanics. Get a tool allowance to help pay for those tools. The company also has a laptop that runs diagnostics on their trucks. it don't take the more than 5 minutes to find out what's wrong with the trucks. And they don't take them or to 5 minutes to clear the codes and check them again. It's not worth a 125 to $200 to check f****** codes on a car.

[@robertscott305]

@lacherokeedecaceria1263 Besides that, I use a local garage to fix my cars. I don't trust dealerships.he charges around $50 an hour less, and he doesn't charge me theoretically hours. He charges me what take, and there's never a diagnostic feed on the bill. I have been going to him for over 30 years? Why? Because he doesn't rip me off. Besides that modern Vehicles for nothing but big computer. Information center on the dash is nothing but a laptop. The manufacturers could put the software in that laptop (information center) On your dash it could read all the codes itself. if they did that the garage couldn't rip you off.

[@lacherokeedecaceria1263]

@@robertscott305 wrong !! The computer tells you the trouble code but it’s up to the mechanic to find out why that code popped up . Broken wire , corroded connector , shorted wire , bad sensor ,bad ECU etc etc etc etc….. Many people think it’s as simple as plugging in the OBD scanner and presto ! It tells you what is exactly wrong. There are technicians/mechanics and there are part swappers that like to guess at what failed and they use the customers money to do so . I used to work at a local parts house many many years ago and you’d be surprised at how many people would come in and buy a part and 2 hours later buy another part or try to return the first part they bought because the mechanic sent them there , back and forth , back and forth until they guessed it right . Or many people would come in and buy hundreds or thousands of dollars because the mechanic said so . Basically rebuilding the entire system hoping that amongst all those parts the bad one was also replaced and the problem fixed.

[@robertscott305]

@lacherokeedecaceria1263 I'm gonna straight up call you Liar. I owned a 04 SS impala. The check engine light came on, so I called the dealership that I purchased the car from and made an appointment to have it checked. When they took my car in to check it from where I was standing, I could see my car. The mechanic brought this cabinet out. I'm assuming it had a desktop in it because I could see the keyboard and the monitor with a cable coming out of the side of it, he plugged in to my car, he hit a couple keys, walked over to me and said you're gas cap is bad You need a new one. He put a new gas cap on it. Punch to couple more keys. Put the cabinet away and hand me a bill for $140 to replace a gas cap. You're a bunch of thieves. Trade the impala on a 13 cruise. Now GM wanting to pay for Onstar so they told me they could run Diagnostics straight through the Onstar system. The dealership told me even though i'd start can run to diagnostic. I should allow them to run the diagnostic Just to make sure they're not wrong. No, just to make sure you can rip me off.

[@1973Hog]

@2:00 Love your Boxer. ❤️🦮

[@rjd7697]

If I ever bought a Chevy I definitely would get a warranty

[@Boobtube.]

because other cars never break. LOL

[@danieldavis7784]

Both times I bought an extended warranty I had breakdowns that weren't covered. Now I have a limited lifetime powertrain warranty the dealership gave me that will never get me anywhere, so just my experience has put me off of extended warranties.

[@kellykeefe3610]

BTW if you don't have Documation that your engine and powertrain were serviced (on a regular basis)-I believe that claim would not be paid.

[@michaelfelt8940]

What KIND of extended warranty? I purchased a FORD extended factory warranty that extended my 36,000 miles to 100,000. $4,500 gave me 64,000 extra miles of peace of mind for my new truck.

[@scotthoof1291]

If you look at the window sticker on a 2021 brand new Ford it does in fact say 3yr/36000 Bumper/Bumper. I work at a Ford store it’s plain as day.

[@jonsmith1259]

Depends on the vehicle as well. With his Land Rover, Doug Demuro spent $3,900 for the car max warranty. total repairs were over $21,000 over the duration of the warranty, if I recall correctly.....

[@bindingcurve]

And now the extended warranty on a CarMax Land Rover is so much more. They are not stupid and will always make money, And CarMax got way more than 20K in advertising from him anyways.

[@qzqx3047]

When I was watching this is the case study I had in point. Extended warranties can be a lifesaver. Same thing with GAP insurance.

[@jonsmith1259]

@@qzqx3047 take the $ each month extended warranty would cost, put it in a seperate bank account. When repairs are required, you already have a nice amount of $ to pay!

[@kingranch8516]

Thanks for the rattlesnake, pissed myself 😂

[@ericfitzpatrick785]

Most dealership extended warranties aren't worth the paper it's printed on. You are better off finding out the name of the 3rd party warranty company, and getting it on your own. Plus you will get it at cost, not the 47% bump up they are charging you.

[@it1988a]

A vehicle "warranty" can only be issued by a car manufacturer. Everyrhing else is third party insurance.

[@seanpop2886]

$1,400 for a 10-year, 100k Toyota Platinum VSA warranty seems useless based on their reliability... BUT a bad radio in year 4 is a $1,500 cost. The rear cross traffic radar systems are $800 shop time to calibrate, etc...

[@MrAngmartinez1]

I had a bad experience with dealership extended warranty from Hyundai. 😒

[@nealharris9746]

25-30 yrs ago bought the ex warr on my k2500 for $11t9.00. 8yr/100,000 bumper to bumper. 53 miles and 9 mos left had a AC problem. Dealer service said they had to keep it, gave me a free loaner. Called to come back a week later, service head gives me the parts invoice just for my reference. $14,400.01 (always remember the one cent) Included in that sum was a serious brake problem that

[@The_KitchenTV]

Did they charge you that

[@anthonylarocco6763]

My last LEXUS lasted 395,000 MILES. My last INFINITI lasted 380,000 MILES!!!!👍👍👍👍👍👍👍 no need for any kind of warranty!😀

[@mrdye9140]

Loved everything enjoyed learning while im working but the “thats what she said” part got me😭

[@ScanFan_Ed]

How much can extended warranties be negotiated down? Is it close to 50%? I know the finance managers always start extremely high.

[@MrArob826]

Honestly when I didn't but the extended warranty my 2002 had a minor electrical problem and I was 500 miles over the warranty. But with my 2015 Tahoe I bought the warranty and have LOVED the fact that if something were to happen, I would still be covered. It cheap peace of mind

[@IceManLikeGervin]

Until something actually does happen and you have to fight tooth and nail with the dealership over the coverage particulars. Only get an extended warranty from the factory not the dealership.

[@ManapuaMan187]

@@IceManLikeGervin how do you get a factory warranty

[@anthonylarocco6763]

I appreciate Chevy DUDE’S honesty unlike flying wheels Craig who is nothing but a used car rip off artist who is losing tons of money every month month right now! I tried to tell you about karma Craig and you didn’t listen.

[@QuinnLIFTS]

I've got a Mustang Ecoboost. I've still got an engine claim pending so I don't want to speak of too many details. Let me just say they didn't need to cover the first part of my claim prior to the engine claim as they were notified after the work was already done, and they covered 3200 of my almost 4k bill. I didn't realize my warranty was still valid at the time. It's been at the dealer for 8 weeks since then awaiting an engine claim, and I assume all is going well between the warranty co and the dealership it's being serviced at. So far, I'm pretty happy with the experience.

[@QuinnLIFTS]

My warranty costed nearly 4k and is valid up to 120k miles or 7 years from purchase.

[@RyneLanders]

Who's your service contract through?

[@dwayne1172]

Thanks Mike. I just bought an exclusionary warranty on my new Ram for 4k. Idk it could also be negotiated. 😳😣 I kinda feel like I got hosed there but I'll def be going there for ANYTHING included! I take some solace knowing that I negotiated with the salesman to $3300 below MSRP. 🙏🏾

[@randy74989]

Yeah, you got hosed alright!

[@randy74989]

If you need an extended warranty then you have not done your research on the vehicle YOU should buy versus a bad vehicle. Don't pay upfront, save x$ per month in a savings account and when the OEM warranty runs out you will have plenty of $ in your savings account to pay for service, not at a dealer but an Independent mechanic that does repairs on your specific vehicle. And you must research the Independent mechanics' as well before you buy your specific vehicle. Insurance companies do not lose money on extended warranties because the upfront cost covers 13% for repairs and 87% for overhead, marketing, and profit for the insurance company and dealers.

[@chunt4694]

I have had extended warranties from the dealership and they always covered the repairs that the policy covered. By the way I love your dogs!! Have had many boxers including an albino one, all great family dogs.

[@Mona-mr1cd]

Awesome 👏🏽 thank you so much 🙏🏾

[@thefire7553]

just bought a used 2021 jeep grand cherokee with 27k miles on it. we drive alot so we needed the warranty to cover 150k. I was given $4,710 for a 6 year 150k coverage thru a 3rd party company Endurance. My local dealership where i purchased it started offering me $5,813 for 150k miles. I told them about the 3rd party price and that i know warranty sales have gone up 40-50% in last few years and that they charge 2-3x what it costs them. they brought it down to 4,613. I got them down to $4,500. Still way more than i wanted to be spending.

[@Brian-rs4ug]

Dealership make most of their money on extended warranties, selling loans and your trade in. DO NOT trade in your car at the dealer you buy your car from. Take your used car to three to four reliable dealerships before or after your purchase, and start a bidding war between them to purchase your old car. Tell them, you are taking the car to a number 0f dealerships and highest bidder gets it.

[@GIUL7301]

Never get make a savings for maintenance and repair. I save $ 150. A month. Current account is $4,300 and growing. I do the maintenance.

[@davidhenry9700]

I purchased an extended warranty when I bought my 16 ram 5 years ago, when I traded it in this year they gave me a refund on the unused time remaining.

[@lotus956]

You sometimes have to call the dealership to get gap back or warranty money back. They’re not begging to give money back.

[@IdoNomb]

I just bought a car monday and I asked if I canceled the warranty in 3 months would i get my money vack and they said I would. They gave me the number to call. So i got the warranties just in case but will cancel if I see fit. Pretty cool

[@Roberto-gp3yx]

I put an unlimited mile warranty on my 2021 GMC Sierra 1500 Elevation simply bc I drive over 30k annually and I’m glad they offered such warranty. I don’t like that GM has lowered their factory warranty to 30k but simple maintenance goes a long way my 2015 Malibu LT has 265k and still runs like new

[@angelicasmith1518]

Yeah that's what I have I thought about getting a warranty for my 2015 Chevy Malibu lt I got 128063 on it. Over the weekend had to get shocks in the front oil change and 2 new tires. I will get a warranty for this car soon. I thought about carshield but idk.

[@GoogleDoesEvil]

You can get an extended warrantee from GM that is 8 yrs or 100,000 miles. Should just be standard but luckily their cars are priced very competitively.

[@rodgerpetrick1125]

When I bought my 2017 Ford Escape I bought an extended warranty with my vehicle. I have used my warranty I bought twice and it did cover everything. I bought the extended warranty with my purchase at the dealership not tv.

[@tommays56]

I found the GM Major Guard to be reasonable coverage and there pretty upfront about what’s NOT covered and the dealers in South Carolina don’t like to sell it so it MUST be good But your betting it will break and there betting it won’t

[@campshortclip]

I will not own a Ford because of how they handled a Warranty. One dealership misdiagnosed my problem as clogged cats. And held my vehicle till Friday night to push me out. As he is pushing me out.. he knows it sounds rough.. and tells me the computer is relearning..( In a manual transmission truck).Because any other way and I would have been right back telling them they didn't fix it. Another Ford service manager knew what I was describing and wouldn't even look at it. Another service manager diagnosed the problem as me not buying it from them. Then when I did find a dealer to fix it. 5 to 6 weeks to swap a motor. ( Tick Tick Tick) The other part of Warranty work is that the mechanic hates it. Because it does not pay like regular walk in. They really hate returns of a botched repair. Then the dealer fights with the manufacturer sending pictures and recommendations back and forth bickering about how the repair should be done. (Tick Tick Tick) The other caution on warranties is. That If you have a summer only car. It will break down at the beginning of its usable season. Then sit most of that season at the dealer waiting on whatever authorization or parts. Chewing up whatever time you have to drive it. And notice any other problem. Or even if they fixed it right. They will sit your car running the clock out on a summer vehicle. In my example of my own Ford experience. Watch out for the band aid or distraction repair. Where they fix a simpler problem that really wasn't. Because they dread the real repair. And don't want to do the real job. That they are hoping you'll deal with it long enough to expire the warranty. NOEL Ford of Kittanning Pa. R.I.P. As You went under anyway Murray Ford of Dubois PA. Courtesy Ford of Altoona PA. John Stuckey of Holidaysburg Pa. The 3 of you Pay attention. You are My Ford story. And why won't have another one!

[@davidholligan8172]

Mike , I always purchase a warranty at time of vehicle purchase.

[@anthonyirving6728]

One thing that you didn't mention was extended warranties with payment limits. Purchased an extended warranty only to find out that the max pay out was $4k. The cost of my new engine was 2 times that.

[@CandycaneBeyond]

Fine print always needs to be read.

[@jrsmyth9761]

EXACTLY!!!! You paid $2500 for an additional $1500 of coverage AND if you rolled that into the loan, that amount is even less.

[@bornoncentral4485]

With 8% interest rates, you probably don't wanna finance a warranty.

[@vpirates62]

i dont hate the idea of the extended warranty, just every time i've ever needed it, the amount of work that goes into trying to figure out a way for the dealership to tell me it's not covered is ridiculous. example... transmission started acting up. Yay! covered under the power train warranty. but wait...the transmission itself is fine. the problem is a computer chip inside the transmission...not covered... sorry, thank you, come again.

[@tesorosofthepastmetaldetec3601]

Opinion…. I bought the extended warranty from the dealership Hyundai Tucson Hybrid Limited addition Brand New, they sold me an extended warranty to 100,000 miles for $4250 telling me it was cheaper now than if I wait till 5 years for it to kick in…. What’s your opinion ?

[@josephnier4463]

I learned my lesson a long time ago. The transmission on my Impala would not shift. It turned out that the modulator valve was bad. EXTERNAL PARTS WERE NOT COVERED. When I worked for a Ford dealership, warranty work was always given as punishment to the out of favor mechanic. I buy cheap cars now. When they break, I just throw them away.

[@napaman470]

Bought one for $ 900 in September 2020 on a 2017 GMC Sierra, sold the truck to Carvana in March 2021, took 2 weeks to get any help in cancelling. The warranty company wouldn't send me the refund and wouldn't tell me how much I was getting. The refund had to come from the dealership that sold it. Paid $900 for the warranty, kept truck 6 months, cancelled and only got back $175 from the dealership.

[@natural-born_pilot]

That doesn’t even come close to sounding fair. I wish there were advocates or legal Beagles that go after dealers like that.

[@bucknaked406]

I've sold/financed cars & trucks for 35yrs. I learned a lot about dealerships. There three things that will make your life a whole lot easier when it comes to Vehicles: Never Buy New......Never Buy Extended Warranties......Most importantly never go to a Dealership for anything.....The best way to think when you do walk into a dealership is "Mafia" (Ironically many are Mob owned) every single facet of these companies are to skim as much cream from you as the can and leave you gutted. Want a real extended warranty....Put the money an extended warranty would have cost in a separate bank account. Chances are if you bought a good car to begin with, you may never even use it.

[@Sarasdad91]

Had extended factory warranty on my vehicle. Problem was getting the dealer service to fix it. Had 5 things fixed at dealer under factory Warranty and each time it took 6 to 8 weeks to get the part and put it in. Warranty work gets shoved at the back of the line. But, when I had something fixed out of Warranty, it was 2 weeks tops to get it done. After extended research, I found that with warranty work, the dealer has to cross every T and dot every I, and doesn't get paid as much from warranty work as out of pocket, so are reluctant to do warranty work.

[@B-RY556]

Thank you so much for this information

[@christophergeorge8800]

My Lincoln MKX new car warranty is up 2022. We are continuing it. Lincoln what is not covered. We love 8t.

[@jeffreymassie1375]

I did a muffler delete and cold air intake and monster peddle on my 2T Camaro. My warranty and paid for extended warranty that I bought at 8k miles(when I bought it)from dealer told me cause of my upgrades. Voided all warranty. All good cause my upgrades gave me almost 4 miles better fuel mileage.

[@wambam1741]

You’re the ONLY unbiased salesperson in the entire county let who can speak about extended warranty? Please. . . I think Ray Shefska from Auto Edge can easily match your credentials.

[@cousinjohncarstuff4568]

Depends on what vehicle you buy! Doug Demuro bought a Rover and paid $3,800 for extended warranty from Car Max. They ended up paying (I think) $21,000 in issues being repaired.

[@NBHRaven]

Those telemarketers won’t even cover my Lamborghini 😢

[@dr.who2]

I got a ram warranty right from ram on my own not from dealer it's a unlimited mileage . I call crawler myself so far its paid for itself

[@davidmann1317]

I purchased a 2013 fiat abrath right out of the showroom. I also purchased a extended warranty with the car lifetime warranty unlimited mileage and for as long as I own the car . Best 3.200 Dollars I spent the car is ten years old and still being serviced at the dealership. I only pay 100.00 for anything they do the car needed a new ac system the whole thing and only paid one hundred. They are always trying to get me to buy a new car Chrysler doesn't offer those type of warranties anymore

[@allamar9083]

I have a relative that bought into the wheel and tire package. Dealers wheel costs are rediculous. She hits curbs almost yearly. It paid for itself,after 3 hits she doesn’t talk about it anymore . Either she woke up or they canceled it. No,,,not asking.

[@mywiseheart]

I own a Maserati & my warranty expires in 2 months that want $4k for an extended warranty. Don’t know if I should buy it,they won’t budge on price!

[@shag139]

If you can get a factory ext warranty at a reasonable price (less than $1500 usually for 7yr 100k), then maybe. You can usually buy a factory extended warranty up to 3yrs or 36k miles.

[@mattieice2988]

do noy buy any warranty PERIOD

[@survivetothrive21]

We recently bought a newer Traverse Premier and we got a really decent 4 year warranty on it with a zero deductible no matter where we take it. And we’ve already had to fix the common Shift to Park problem, and a replacement LED tail light housing due to a bad seal allowing moisture to get in. Took it to McLuskey up here in Cincinnati and they’ve been great with it.

[@jgv90255]

What warranty did you buy

[@watomb]

I’m normally not in the mood by the time they get to this phase in the buying process. Already wasted an hour or two of my time. As for extended warranty my problem is these sugar puff warranty companies go bankrupt when market tanks and they don’t have cash coming in. Good video

[@billybob-zg4bx]

The average mileage in the country is 13,500, the 17,821 is the average of just Indiana. If we can’t give correct information in something as easy to to look up such as national averages then all other information given comes under question. Love the channel and as always everyone should do their own research and not believe everything they hear.

[@ohdawg2558]

Thanks billy bob, very cool! 🙄

[@natural-born_pilot]

Yo Billy Bob I dug your last flick you were great.

[@kevinbudge106]

I always like to have a extended warranty. on my last car 2016 Chevy Impala i went through my insurance geico they charged me 1200 buck with a 250.00 deductible for 7 years 100,000 miles and i checked with my dealer and they worked with them. On one repair to change two motors in my sun roof was 1500 bucks. they paid no questions asked

[@lowermichigan4437]

They tend to be a profit generator. If you do one, factory only. No aftermarket

[@stephentodaro5268]

So I purchased a Chevy platinum protection plan when I bought my 2019 Corvette in February of 2020. Last week I traded it in for an Audi RS5 and contacted my dealer to cancel the contract. Since I was still under the 3yr 36,000 miles warranty am I entitled to get the full purchase price back on the contract? The contract was for an additional 3 years and total miles was 48,000 with a $100 deducitble. Cost of the contract was $1,355.

[@dbiedler]

Thank you.

[@shag139]

Yeah what you need to tell us is what is the dealer cost for the factory warranty. Anything above that is gravy for the F&I guy. The dealer cost is probably $700 to $1500 depending on the car and coverage.

[@nofyfb123]

A former Mechanical Breakdown Inspector here. No, I did not determine what was covered/paid for, my job of nearly 20 years was to provide TECHNICAL report - cause and extent of damage and recommended repair. I'd worked for virtually every extended warranty company in the country, and here is my advice: NEVER EVER buy a third party contract - they are mostly crooks. Only MANUFACTURER's contract might make sense if - for whatever weird reason - you own a junk vehicle like... virtually every single one except Toyota and - to a much lesser extent - Honda or Subaru. Feel free to ignore.

[@bkbzv6019]

Your dog is wondering 💭 the hel is he ranting about 😂

[@steve-gz2ym]

what company do you recommend to buy an extended warranty from if I do not buy one at the dealer? I heard Chevy don't have their own in house warranty's , they sell you one from an outside company

[@SycaShow]

I got a corvette 2016 Stingray about 3 months ago .. my warranty was about 5k$ .. I started feeling vibrations around 75-76 turns out I had a bad torque tube worth $3500 new .. they did furthur diagnosis and found out I have a burnt transmission and differential from my flex converter getting too hot.. that’s about another $6000… slap the labor on top of that $85hr and add the seals,gaskets,fluids… you tell me if insurance is worth it, Ill only have to pay 50$ deductible and 50$ a month.

[@bkbzv6019]

Your dog is wondering 💭 wth is je ranting about 😂

[@edgar_investor]

Got $800 knocked off from the total cost of the extended warranty and got it for $1,500 total on my '19 ford Fusion. Bought my Fusion used with 73k miles and with a good record of maintenence. I've had the car for 18 months and used the warranty twice. First claim @84k miles (powertrain, drive axle, heating/ac, and electrical issue) was under a year of ownership and it would've cost me over $3,300 for parts and labor. And most recent claim @93k miles (flexplate/flywheel asy) was this month for a total of $2,170 for parts and labor. My deductible for both claims was $200 each. My warranty definitely paid itself off. I live in California and worked as a car salesman for a couple of years. I understand how crucial it is to get a dealer warranty, if possible/permitted, on a used car. *if the car and warranty price is right of course*

[@RyneLanders]

What company is the provider of your VSC?

[@edgar_investor]

@@RyneLanders Assurant

[@josephdavis9785]

Gico mechanical break down is great alternative for a new car

[@sunitadhond1448]

I have bought Mitsubishi lancer2018 just completed 5 yrs 6 month I was fooled when emission part to be fixed

[@theundertaker2250]

sounds like Global warranty says it covers things like a intake manifold .. Intake manifold gives out they tell me it is not covered due to carbon... Being a diesel owner carbon is a common problem in canadian weather along with emissions. From what I get from that is if I deleted the emissions they would of covered it.

[@noeorozco5054]

what is "standard " coverage on a extended warranty?

[@anthonygallo3576]

A n extender factory warranty is the way to go. It may be expensive but it's worth it to me. Remember FACTORY WARRANTY .not a third party . If the dealer sells the 3 rd party than he will take it.

[@SeanPGribbons]

I have used fidelity warranty twice with both my Mercedes. It definitely paid itself over and over on both cars. I’m wondering what companies are the best or atleast somewhat trustful

[@kayiagaulden7710]

Fidelity does car warranties!!?! No way! god I love fidelity. Thanks for commenting that! Imma get in contact with them asap!

[@karimac3235]

What is the difference between buying a car from a dealer auction with somebody that have license or from the dealership?

[@Lou-wizzeye]

Thanks Chevy Dude ! I live in Central Ontario, Canada . Close to the snowbelt area . Bought my wife a used 2018 RAV 4 AWD with 100.000 km. Purchased a 5yr / 80.000 km extended warranty for $3500.00 -watching your KZbin channel made my decision… a no brainer!

[@RoadRunner-yu8cu]

and how much More than that $3500 you really think a new engine or trans would cost? and why the hell would you buy something with SO many km for only 3 yrs old? that thing's been beat to hell and back in such a short time

[@arthurwood7525]

@@RoadRunner-yu8cu Dude. a hundred thou km is 62,000 miles, which isn't too dang crazy for an 18. chill. CHILL!!!!

[@toddkulzer]

You mentioned one of the dealerships you belong to is Dodge. What do you think about the 75th Annv edition of the Power Wagon? 70k seems a bit much. What is comp in Chevy

[@johnmayerislovee]

Factory original extended bumper to bumper warranty may be a great option if NOT purchased at the dealership. Shop online and save thousands.

[@mib7483]

So I just purchased a 2017 C7 with 3000 miles. There is a month left on the factory warranty and they gave me the CPO warranty. They wanted $5000 for the extended and I turned it down. Can you sell me the extended warranty?

[@gebronthomasson6960]

My neighbor got it on his (well from the dealer..a lifetime warranty)..he has over 300k on his dodge truck and they have tried to get him to trade it in many times. Has had new motor and trans and many other things..all $0 aside from the 1500 paid many many years ago..I know that deal is unusual but he has it..would love to get that deal

[@BenKempa]

I got a wheel / tire protection package on my new leased Tacoma. $250 no deductible unlimited replacements. With the cost of tires and wheels there’s no chance I want to spend thousands to replace wheels / tires on a truck I don’t own.

[@mojorisin7371]

The dealerships should just take responsibility for the warranty coverage, sure the dealership could argue or try to deny certain repairs or go bankrupt before you get your money's worth if the vehicle needs repairs. The plus is that their neck is on the line and not pushed off as it's a 3rd party company decision etc. They will deal with the negative reviews and backlash if not honored correctly. They can stand to lose a ton of business and credibility especially in this digital era, not a good look for a company that needs to sell a ton of vehicles to stay in business and their credibility is the biggest thing especially with competitive car dealerships near by. Doesn't guarantee much nowadays but I'd take the credibility of something you can see and approach rather then some arbitrary company making those decisions you know nothing about and where they are located. If the dealership is in charge you have a head to cut off if promises aren't met. My money is on they do the right thing as more money is on the line then just some $3+k warranty sold to a few customers. When it's a 3rd party company the blame is on them and the only blame on the dealerships are for selling you that warranty in the first place. Most recover as it's really not their fault if a insurance company doesn't do what's promised and contractually obligated to. Now if the dealerships are the insurance carrier then the blame falls on them. Just think about it 🤔🧭

[@sidharthchand8072]

Better to get a pre purchase inspection on a used car. Idiotic to get an extended warranty on a brand new car. Warranties are the biggest profit centers for dealerships. Doesn’t matter if you have the worlds greatest warranty if your car is always breaking down. Prepurchase inspection is 100x better. Plus you need to be a lawyer and a mechanic to take full advantage of that warranty.

[@nealharris9746]

I didn't know about. I could NOT have gotten that return from $1500 in the bank!