SHOULD I GET AND EXTENDED WARRANTY FOR THIS USED CAR?
2006 Ford Taurus
September, 3, 2011 AT 9:46 PM
I got this post card from Motor Vehicle Solutions, LLC, (1278 Jungermanann Road, St. Peters, MO 63376) telling me that my car warranty was going to go out. So I phoned up there 1-800 number and found out they actually are working through another group called Omnisure Group, LLC (440 North Wells street, Suite 610, Chicago, IL 60654-4546 877-836-0411). I thought it was a good deal so I signed up, but after thinking out it for a a while (a few weeks later after signing up) I'm not sure it was worth the $3,515 dollars for an extended warranty coverage I'm not sure I'm even going to use. The warranty is good for 150,000 miles more, so around 223,665 miles total, with an expiration date of 08/04/2016. They told me that it was a powertrain plus coverage. Have you had any problems dealing with these people before? What kind of problems could happen to the Taurus if breaks down. I normally take my cars into the dealership for regualar checkups. Do you know what could possbile happen once it hit 150,000? Let me know. Thanks
Jim From Kirkland, WA
What I suggest is this. Please keep in mind that this my personal opinion. Everytime we have seen an extend warranty, the item that is bad doesn't get covered because the failure is not the result of "HOW" they warranty the part. For example, if a catalytic converter melts down due to a rich fuel mixture, it won't be covered because it didn't fail on its own.
Now I'm not saying that is how the warranty you are looking at is set up, but I strongly recommend you read it closely or better yet, have your personal mechanic read it. He will know if it is worth the money, and they are charging a lot!
September, 4, 2011 AT 1:51 AM
THE WHOLE THING IS MECHANICAL. EVEN DOING ALL MAINTENANCE RELIGIOUSLY, AND PERFECTLY ON SCHEDULE, STILL DOES NOT GUARANTEE SOMETHING BAD MAY NOT HAPPEN.
AS WITH ANY "INSURANCE", YOU ARE PREPARING FOR THE WORSE. THEY ARE BANKING ON NO PROBLEMS/ FEW PROBLEMS/ AND THEY MAY HOLD THE "WILD CARD"
I'M NO BUSINESS MAN. BUT I HAVE HAD 1ST HAND EXPERIENCE WITH AN "EXTENDED WARRANTY" WHEN I WAS A U.S. ARMY AIRBORNE RANGER, STATIONED IN SAVANNAH, GEORGIA 1983-1987
I PURCHASED CJ-5 NUMBER 2 ('79 W/258, BASICALLY 4 YEARS OLD), AT THE TOYOTA PLACE.
I TOO, WAS TOLD OF THE WONDERFUL THINGS THAT THE WARRANTED OFFERED, WOULD DO, I WOULD BE TOTALLY "COVERED", THEY SAID, AS LONG AS IT WAS NOT ABUSE, AND FLUIDS WERE DONE ON SCHEDULE.
I FORKED OVER $4200 FOR THE JEEP, AND ABOUT $1100, FOR THE WARRANTY. BACK THEN, EVEN BEING MECHANICAL, I HAD VERY LITTLE FREE TIME, OR A PLACE TO WORK ON HIM.I HAD TO HAVE MY BABY, UP AND RUNNING AT ALL TIMES, IT'S ALL I HAD.I WAS STATIONED, ONLY 4 HOURS FROM HOME, RELIABLE JEEP WAS A MUST, FOR QUALITY R & R!
ME BEING ONE, TO ONLY TRUST MY MAINTENANCE, ONLY TO ME! (STILL LIKE THAT). EVERY THING I DID, I HAD TO SHOW THE RECEIPTS TO THEM, THAT I WAS MAINTAINING IT CORRECTLY (SORTA PIZZED 'EM OFF, THEY WERE NOT DOING IT, FOR EVEN MORE $$$) BUT I TOLD THEM "MY VIEWPOINT", BEFORE I COMMITTED TO THE CONTRACT. THAT'S WHERE THE RECEIPT THING CAME INTO PLAY.
ABOUT 8 MONTHS LATER, I DEVELOPED A SKIP, TUNING WAS NOT THE ANSWER, SO I TAKE IT IN FOR "WARRANTY WORK", I WAS TOLD IT WOULD TAKE ABOUT 3 DAYS, AND IT SEEMED LIKE A VALVE PROBLEM.
THEY CALLED AND I WENT TO GET HIM, HE WAS RUNNING GOOD. THEY TOLD ME IT WAS A BURNED VALVE, AND NEEDED TO GO INSIDE AND DO THE PAPERWORK.
THIS IS WHERE MY ATTITUDE CHANGE OCCURRED.
SEEMS EVERYTHING IS COVERED. IF IT'S BROKEN?
IF IT'S "WORN". SUCH AS A BURNED VALVE, OR OTHER. IT'S "NOT COVERED"
THIS NEW COST TO ME, WAS A BIT OVER $400!
HAD I KNOWN, I WAS BEING INTRO-COURSED, I COULD HAVE DONE THE JOB MYSELF FOR UNDER $100. IN THE BARRACKS PARKING LOT!
AFTER 2 WEEKENDS, COMMO-ING TO POTENTIAL FOREIGN CAR BUYERS, I WAS PUT ON TRESPASS NOTICE. MY HIGHERS, DIDN'T LIKE THAT MUCH EITHER!
SO THIS IS WHAT I LEARNED
I WAS OUT ABOUT $1500."WARRANTY ISSUES"
$1400 WAS JUST PLAIN WASTED!
A $1400 BANK "CD", WOULD HAVE GIVEN ME "EMERGENCY FIX IT MONEY" IF NEEDED, OR EVEN EARNED A LITTLE MORE IF IT STAYED THERE UNTOUCHED. LIKE MY MONEY DID FOR THEM!
KINDA A WEIGHT GAME, JEEP WAS $4200----MY EXPERIENCE $1400, SHOT TO HECK (OVER A 1/4 OF THE JEEPS INITIAL COST)
NO MORE FOR ME. NOT ME.I STILL FEEL THAT PROCTAL PAIN. BOINK ME ONCE, SHAME ON YOU. BOINK ME TWICE. SHAME ON ME!
PUT THAT MONEY IN THE BANK. YOU COULD PROBABLY HAVE YOUR ENGINE REPLACED AT A "SMALL SHOP" FOR $3000---MY WIFE'S FORD ESCAPE TRANNY, COMPLETELY REMOVED, REBUILT AND REPLACED WAS $1400 (MAY BE SAME TRANNY AS YOURS). AGAIN AT A SMALL SHOP. CAN YOU TELL, I AVOID THEM OVERPRICED DEALERS?
YES, OTHER SHOPS, CAN DO WHAT THE BIG BOYS DO. CHEAPER! YOU JUST GOTTA DO YOUR HOMEWORK TO FIND THE RIGHT ONES.I HAVE MY "HILLBILLY SUGGESTIONS", IF YOU WANNA HEAR 'EM.
OF ALL OF THE VEHICLES, IN MY CHARGE, ONE, THE ESCAPE, WENT TO THE TRANNY SHOP (SPECIAL PEOPLE, DEAL WITH AUTO TRANNYS!) AND WHEEL ALIGNMENTS. MINE HAVE NOT SEEN A SHOP SINCE '87. I DIY ALL OF MY STUFF, TALENTED WITH JEEP CJs, I'M A PLUMBER BY TRADE.
I HOPE I HAVE NOT WASTED YOUR TIME. OTHERS STILL MAY JUMP IN AND GIVE THEIR OPINIONS