Extended Warranty Rip-off

Thread Tools
 
Search this Thread
 
Old Jan 16, 2004 | 01:42 PM
  #1  
davidzog's Avatar
Thread Starter
|
Senior Member
Joined: Aug 2001
Posts: 156
Likes: 0
From: Bethalto, Illinois
Extended Warranty Rip-off

I bought a 100,000 mile 6 yr extended warranty from Warranty Gold for about $1000...

Just got an email from their lawyer that their holding company went broke and they won't honor any claims for warranties bought before July 2003...

BUT, if you go to their web site, www.warrantygold.com, they are still selling warrantied...WOW>>>>>>>>>>>>>>
 
Reply
Old Jan 16, 2004 | 02:44 PM
  #2  
RANCH4x4ES's Avatar
Member
Joined: Jul 2002
Posts: 72
Likes: 0
Better write that company an e-mail getting your $ back.
 
Reply
Old Jan 26, 2004 | 11:52 PM
  #3  
silver5.4's Avatar
Registered User
Joined: Feb 2003
Posts: 52
Likes: 0
I just did some reading on it and it appears they are not covering policies purchased prior to that date because the inderwriter went bankrupt. after that date, there is a new underwriter, but they dont cover the older policies.
Damn, that stinks. I almost bought thru them in april of 2003 but went with Warrantech instead because of the unlimited time deal.
 
Reply
Old Jan 27, 2004 | 07:09 AM
  #4  
APT's Avatar
APT
Senior Member
Joined: Oct 2002
Posts: 5,358
Likes: 1
From: Commerce Twp, MI
This is why I stick to the OEM extended warranties.
 
Reply
Old Jan 30, 2004 | 06:32 PM
  #5  
01 XLT Sport's Avatar
Senior Member
Joined: Mar 2002
Posts: 4,867
Likes: 0
From: NH
Originally posted by APT
This is why I stick to the OEM extended warranties.
Ditto, the other ones, though they may be cheaper are not up to par with OEM. Some have many hoops to jump through or other run a rounds. You best bet is to ALWAYS stick to OEM. They others may be cheaper but you will usually always end up paying more for them because of all the headaches…
 
Reply
Old Jan 30, 2004 | 06:45 PM
  #6  
max mitchell's Avatar
Senior Member
Joined: May 2000
Posts: 4,761
Likes: 0
Ford vehicle; Ford owned and backed policy; Ford repairs; shop for price separate from vehicle purchase.
 
Reply




All times are GMT -4. The time now is 06:33 PM.