Comments on: Are Extended Warranties Worth It? http://www.volksbloggin.com/2008/05/23/are-extended-warranties-worth-it/ Reviews, opinions and rants on all things Volkswagen Tue, 07 Feb 2012 19:06:55 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Cars Warranty http://www.volksbloggin.com/2008/05/23/are-extended-warranties-worth-it/comment-page-1/#comment-238548 Cars Warranty Thu, 10 Feb 2011 13:21:51 +0000 http://www.volksbloggin.com/?p=921#comment-238548 Why donot you people try Protection Headquarters warranty system,it is so good,check it out plz,<a href="http://www.protectionheadquarters.com" rel="nofollow">Best Vehicle Warranty</a> Why donot you people try Protection Headquarters warranty system,it is so good,check it out plz,Best Vehicle Warranty

]]> By: Chad http://www.volksbloggin.com/2008/05/23/are-extended-warranties-worth-it/comment-page-1/#comment-151430 Chad Mon, 09 Jun 2008 11:29:53 +0000 http://www.volksbloggin.com/?p=921#comment-151430 Build up an emergency fund, you won't need the warranty. Build up an emergency fund, you won’t need the warranty.

]]> By: Mike http://www.volksbloggin.com/2008/05/23/are-extended-warranties-worth-it/comment-page-1/#comment-151315 Mike Fri, 06 Jun 2008 16:27:20 +0000 http://www.volksbloggin.com/?p=921#comment-151315 I was overwhelmed with offers after I bought my GTI. I find the extended warranties aren't cost effective; especially, since most people will finance them, making the cost even higher ($2000+interest.) The last one I bought was $2200, and I made one claim with it for $150.00. The next thing is that in recent years, a lot of the warranty companies have went bankrupt, leaving the warranty-holders with nothing. These weren't just fly-by-night companies, some of these were in business for 30 years. The warranty that comes with VW's lasts pretty long, anyway. In the end, I decided to create a savings account specifically for auto repairs, maintain a balance of about $2000, and gain interest on it while it's not being used; for the record, it hasn't been used yet. I was overwhelmed with offers after I bought my GTI. I find the extended warranties aren’t cost effective; especially, since most people will finance them, making the cost even higher ($2000+interest.) The last one I bought was $2200, and I made one claim with it for $150.00. The next thing is that in recent years, a lot of the warranty companies have went bankrupt, leaving the warranty-holders with nothing. These weren’t just fly-by-night companies, some of these were in business for 30 years. The warranty that comes with VW’s lasts pretty long, anyway. In the end, I decided to create a savings account specifically for auto repairs, maintain a balance of about $2000, and gain interest on it while it’s not being used; for the record, it hasn’t been used yet.

]]> By: Esther http://www.volksbloggin.com/2008/05/23/are-extended-warranties-worth-it/comment-page-1/#comment-150913 Esther Thu, 29 May 2008 18:21:02 +0000 http://www.volksbloggin.com/?p=921#comment-150913 Interesting. I've been debating the question, too, though I have a year left of full-maintenance to make a decision. Don't have a dub anymore but as far as reliability issues I'm still in the same boat (Mini S convertible). At the very least, from what minimal research I've done so far, I'm thinking we need to go with reputable, time-tested warranty companies (I hear <a href="https://www.warrantydirect.com" rel="nofollow">WarrantyDirect</a><a> and </a><a href="https://www.nwarranty.com/nwarranty/indexpage.aspx" rel="nofollow">NWC</a> are good and are taken by major shops as long as they're ASE certified). Major questions also that should be raised is what kind of coverage are you getting for the money you're putting down? There are different levels (mechanical breakdown vs. wear and tear) and wear and tear will be the reason for most of the repairs though I've heard you want coverage for both. Also, the company's financial rating, what your deductible is, whether it's transferable to the next owner, and car rental/towing are all factors to consider when you get your quotes. I'm thinking I will want to purchase one (pending the quotes/packages I get, of course) because it'll definitely be worth the peace of mind. Interesting. I’ve been debating the question, too, though I have a year left of full-maintenance to make a decision. Don’t have a dub anymore but as far as reliability issues I’m still in the same boat (Mini S convertible). At the very least, from what minimal research I’ve done so far, I’m thinking we need to go with reputable, time-tested warranty companies (I hear WarrantyDirect and NWC are good and are taken by major shops as long as they’re ASE certified). Major questions also that should be raised is what kind of coverage are you getting for the money you’re putting down? There are different levels (mechanical breakdown vs. wear and tear) and wear and tear will be the reason for most of the repairs though I’ve heard you want coverage for both. Also, the company’s financial rating, what your deductible is, whether it’s transferable to the next owner, and car rental/towing are all factors to consider when you get your quotes.

I’m thinking I will want to purchase one (pending the quotes/packages I get, of course) because it’ll definitely be worth the peace of mind.

]]> By: Dan Volkens http://www.volksbloggin.com/2008/05/23/are-extended-warranties-worth-it/comment-page-1/#comment-150654 Dan Volkens Sun, 25 May 2008 02:16:34 +0000 http://www.volksbloggin.com/?p=921#comment-150654 Thanks for throwing this question out buddy. I'll be needing one of these as well when I buy out my GTI this fall. Hopefully I can find a good deal. Either that or pray that nothing big breaks down the moment I buy it, or later for that matter. Hahahah Thanks for throwing this question out buddy. I’ll be needing one of these as well when I buy out my GTI this fall. Hopefully I can find a good deal. Either that or pray that nothing big breaks down the moment I buy it, or later for that matter. Hahahah

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