My Top 3 Extended Warranty Companies | Used Cars | New Dealers
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- Опубликовано: 9 июн 2024
- Here are my top 3 picks for solid, insured companies that offer extended warranty coverage.
If you're a used car dealer, you can't go wrong offering one of these warranties for your customer's peace of mind. Check it out!
#Warranty #Lubrico #People'sChoice
You said it all when you admitted that you make money selling these bogus used auto "insurance" repair policy's. You're also correct that used car dealers can't go wrong selling these policy's, but buyer's sure can. If you can read, you better read and understand every word in the "warranty." The seller has no obligation to explain it to to you. Also, get your financing before you shop for a vehicle, carefully inspect the vehicle and don't pay more than it's worth and what will it be worth when you pay off the loan? DO NOT use your vehicle as a trade in. This is another area where dealers make money off of YOU. They'll give you low book for yours (if your lucky) and expect you to pay high book for theirs. They know you get hooked when you see a car you can't live another day without.
That’s why you feign interest. Make a deal for the out the door price for the car first. Don’t even mention the trade in until you get the price you want
@@honestbrute9216exactly
just found your video, it's really great and very informative. I wanted to ask you which extended warranty company would you yourself have a family member buy and put on their personal car? and why? thanks for the advice.
30+ years selling thousands of vehicles. Never would sell extended warranties and missed out out on a lot of dealer profit.
Just couldent do it and have a clear conscience. I think all of them are a bunch of thieves!
Sorry to hear that, new video coming Tuesday on warranty
THOUGHTS on UAL coverage!
Thank you.
I’ve heard that if you decide on an extended warranty buy a manufacturers warranty. Most & formost read the fine print keep in mind wear idems are not covered such as brake pads. Keep records on maintenance. Just to on be on the safe side. Know what the deductible is . Yes all manufacturers do have an extended warranty.
Warranties can only be issued by the vehicle manufacturer. Look it up if you have to.
Thanks for the video. Do these top three companies usually drop a customer after they have a big repair like a new engine or tranny? Can we choose any ASE certified shop for the repair work to be done?
No they will not drop you, and as long as the shop is approved by the warranty company first, you can use it.
No.. go to CNA
Though I haven't needed a warranty repair yet, I did get into a 24 month payment plan for a 100k mile warranty with Assurance months ago. I wonder if I'll be kicking myself later for this decision, and I too feel warranties in general are a waste of money.
you appear to have given us our current president as well
Good luck assurance didn’t give me any trouble though when I had some electrical issues with my Infiniti. One of the repairs was over 1k parts and labor
How much is the kickback for the dealer on a warranty
1st @2:34 2nd @2:58 3rd @3:14 you're welcome!
These warranties can only be purchased through a shop? Not directly? I live in Texas, do People's Choice Warranty and Lubrico have warranty coverage in Texas?
Yes, this warranties can only be purchased from your dealer.
@@LouisonAutomotive does it work in Texas, and cover something like the catalytic converter?
This are Canadian companies, you can only buy in Canada but you can still process a claim in Texas, most warranty doesn't cover catalytic, unless you upgrade to get emissions system cover too.
@@jayholm2142The Storm is passing over
can you have a messed up transmission sign up for plan then make a claim? my car drives but has bad transmission...can they deny me? how would they know?
Same got anything ?
Do you know if control arms and differentials covered with the highest protection package from carchex??
Great question, will drop a video for you next week.
I have carchex, and CarShield on two different vehicles. They’re ALL scams.
@@ethanroth217 😱... i was thinking of getting extended warranty
Put the monthly payments that you would pay the warrantee company away every month in the bank.
They are all scams .....
@@nickdiaz3737 in my case I bought Zurich with my 2011 mopar edition charger years ago. I think it was around 2k which I paid in installments. By the time I traded that pos in it had went through 9-10k in repairs adding parts and labor. There’s no way I would’ve pocketed that amount of money in the time frame I had that junker. Maybe i just lucked out
Thank you for your video. This information is key for me.
Glad it was helpful!
There is always a reason why they will not pay to have your car repaired, some if not all also have a discovery fee to find out what is wrong with the car and that fee is not covered. There just always seems to be some reason why they will not pay. Watch some youtube videos about it.
I must’ve lucked out I had no trouble with my last two and one of them is rated pretty bad. They always paid out with no issues I just paid the deductible
@@r2ba435which Extended warranty company was that bro
very good information , Thank you. Lubrico seems the best option for all due to is the only one company that will sell directly to the privet used car buyer. The rest you can only get it at the dealer you purchase the vehicle
Does People's Choice work in USA?
Thanks for the advice! Most third party warranty companies cannot be trusted. I had bad experience with this.
Sorry to hear that, new video coming Tuesday on warranty
I just watched a couple really bad reviews for CarShield and Ox refusing to pay for normal stuff like a cracked flywheel repair. Yikes!
I’ve had good luck with my last two. Thank god never denied a repair and my charger ate up double what I paid for the warranty
@@r2ba435 what kind of changer do you have and what company did you go with
ACS Warranty is amazing!! Most companies don’t pay for seals and gaskets but they did. It would have Been a $1300 repair for oil pan gaskets for my 2014 Mercedes but they covered it all. Thank the Lord Jesus because I was not willing to part with that much money.
Hi there
I got a Rebuilt title vehicle, It a Chevy.
It's a 2019 chevy pretty new with 25 km on it. I went to my local dealership to fix something on the car wich should be under warranty!
The dealership told me that I lost all the factory warranty on the car because it has a rebuilt title.
Is this true? If someone buys a rebuilt title car thay loose all warranties?
I would appreciate if u would let me know what u know about this topic.
Thanks
Yes, unfortunately, when a car is branded rebuilt, the remaining factory warranty is automatically cancelled.
@@LouisonAutomotive thanks for your quick reply!
Can you tell me what you were going to fix under warranty? I believe there is always a 'gap' where somehow you can fight for your rights and even when warranty was voided after the tittle was given, you could get job done! It should be they thing to care about the customer no matter what! I was always told - does not matter who is right, customer is customer and them are always right!
@@TheKondicional
What I needed from the dealer is engine oil cooling hose .
Wich is under warranty In normal situation.
Anyway I got the part from a parts store and the part has been replaced.
Maybe I could've figh for the warranty.
But I was clearly told that the warranty was removed since the car have a rebuilt title.
The car runs perfectly no issues at all.
You got screwed...NEVER buy rebuilt unless you are a vehicle mechanic and /or enthusiast .
Thanks for the video.
You are welcome!
Hey is vertias global protection a good warranty? Also what about CarShield?
There reviews are bad
Stay away from CarShield boo!
Carshield is one of the worst trust me trust anybody who know.
What ever you do never sale master tech owned by American financial. They will refuse to pay for repairs covered under warranty and then cancel the warranty on top of that. I took my truck in for service around every 4k miles above and beyond the 6k required. Had problem with truck and they refused to cover and the voided my warranty.
U
Hi guy yyy
Though i wouldn't do it again, via the dealer, I'm up ~$2.5k depending, but probably netted out if I'd just paid for the work+do the easy stuff myself. Next time I'd just use toyota extended warranty bc mastertech has oil leak exemption at 100k miles, i didn't realize initially.
Not sure what warranty company I have I bought a used 2018 ram with 60k miles transmission went out about 4k miles later I paid $100 deductible the covered the rest no problem
Cool. It feels good when having that warranty now!
What company did you have ?
We need to know . Find out For us please
Which island you from Nassau or GB 🇧🇸
So warranty should not have any deductibles I wish he gave more examples on price and coverage
My car stalled out and had to be towed home. Getting it to a shop next week. I have Wynns plus. But they have terrible reviews that say they deny 90% of claims
I wish I had done research on car sheild.In my opinion look for the reviews before choosing that company.Its worth it in the end.
@@Barbara.714 wound up fixing it myself
@@Barbara.714 Find a mechanic with knowledge then you good or work with the company
Does People's Choice Warranty cover expensive things, like a catalytic converter? Damn I hate Catalytic converter!!!!
When over this question in our Q&A, it should be out this Tuesday.
No company covers Catalytic converters
Good surface information. But every company will tell you that they are insured. So as a customer, how do we know that they have an insurance structure that is right?
If you are in Ontario and the company is not insured and you ask, "are you insured?" they will tell you because the have too. You can also check with OMVIC because all uninsured companies pay $500k to OMVIC incase OMVIC needs to compensate there customers.
Great question!
Honestly, that was a straight forward genuine extremely informative video. Just had to replace some part on my 2008 Jeep! Had no idea about the warranty companies being insured I guess so to speak! Thanks man.
I use to have pure care the dimond plane
Lubrico said they are not in the US.
how does car shield work? do they pay on claims or do they give you the run around.
They're trash, they'll give you the run around
No they don't
Leave car shield rip off
Car sheild just got me they are trash !!!!!
One of the worst believe me you do better just saving that money yourself instead of giving it away for nothing.
Dude said fucking and I subscribed immediately 😭
lol
The illusion of choice
The warranty he talks about is for Canada, not USA.
yes, that's right
NEVER BUY THE DEALERS GAP INSURANCE, EXTENDED WARRANTIES OR OTHER BULLSHYT MARKUPS! THEY ARE RIPPING YOU OFF!!
These are only for Canada 😅
Need to steady the camera bro
The captions say he's from loser automotive.
But does ICE Tea have his babies covered by any of these?
Trust me they wont fix anything. Ask your mechanic .
My local garage uses customers warranties all the time. I never had an issue on my last two cars either.
@@r2ba435 ask your guy about the good ones and bad ones . What they cover and what they dont .
You don't really seems sure yourself.
Used plckuhu
No
Warranties are SCAMS
Carshield is garbage
Facts and they are scammers
Scam