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Car Forum / Dodge / Dodge Trucks / November 2006aftermarket extended warranties
2006 Ram 3500/Cummins, 500 miles. I'm looking to get an extended warranty on the above vehicle. I'm not that much into car stuff, but one of my car nut friends has recommended aftermarket extended warranties. Anybody have any opinions or recommendations? I figure the warranty is only as good as the company writing it, so, although price is a concern, I do want a solid company. Thanks for any help. bb > 2006 Ram 3500/Cummins, 500 miles. > [quoted text clipped - 9 lines] > > bb Your engine is warranted to 100,000 miles. Parts of the truck are emission, so that warranty is longer than the factory. I'd suggest the extended factory warranty, stay away from the aftermarket outfit's.. Don't jump at the first price they quote, there is plenty of room to negotiate. Roy > I'm looking to get an extended warranty on the above vehicle. I'm not > that much into car stuff, but one of my car nut friends has > recommended aftermarket extended warranties. Crap - absolute crap. IMO, the only thing worth it's price is the factory service contract. Shop around online - you can find a 7/100 Maximum Care contract for about 40-45% off of the retail price. When I bought my '03, my dealer offered me his price on the contract. I showed him where I could buy it cheaper, and they price-matched (making something is better than nothing). The contract has almost paid for itself, as I had an AC evaporator leak on me a few months ago (out of the 3/36 standard warranty). That would have been about $1,500. One more incident, even minor, and it'll pay for itself entirely. There are a ton of electronic systems in the newer trucks - many of which you can't fix yourself. Sure - buying one is a gamble, and some will say take the money you'd use to buy the service contract and stick it in the bank as an emergency repair fund. Me? I say you're buying an expensive vehicle - factor in an additional 3-5% for complete peace of mind. How much money could you have made by investing that $1500 in the stock market over 3 years? If you had placed it in a Dow Jones Industrial Average index fund it would be worth about $2000 buy now. An S&P 500 index fund would be worth about $2200. The stock market goes up and down, but over the long run it always goes up. >> I'm looking to get an extended warranty on the above vehicle. I'm not >> that much into car stuff, but one of my car nut friends has [quoted text clipped - 19 lines] > repair fund. Me? I say you're buying an expensive vehicle - factor in an > additional 3-5% for complete peace of mind. IMO they only sell you an extended warranty because the seller makes money from it. They compare the cost of all the claims against the money they collect from all the contracts and in the end they show a profit. It's similar to insurance but without governing laws and an insurance commissionar to oversee those laws. I _never_ buy extended warranties for any product. > 2006 Ram 3500/Cummins, 500 miles. > [quoted text clipped - 9 lines] > > bb > similar to insurance but without governing laws and an insurance > commissionar to oversee those laws. I _never_ buy extended warranties for > any product. So if it weren't the law, you wouldn't have auto insurance, either? Sure I would, and health insurance and life insurance. The laws I was refering to were the ones the insurance companies are subject to, not the ones that the insured are subject to. I have no problem paying insurance premiums when I may never make a claim - after all insurance covers unforeseen events. As far as I know there are no regulations covering those who write extended warranties other than the laws that govern contracts. The chances of something failing that is covered by the extended warranty is very small otherwise they wouldn't offer it. >> similar to insurance but without governing laws and an insurance >> commissionar to oversee those laws. I _never_ buy extended warranties >> for any product. > > So if it weren't the law, you wouldn't have auto insurance, either? > IMO they only sell you an extended warranty because the seller makes money > from it. They compare the cost of all the claims against the money they > collect from all the contracts and in the end they show a profit. It's > similar to insurance but without governing laws and an insurance > commissionar to oversee those laws. I _never_ buy extended warranties for > any product. Well, you must have a bunch of money. Unless of course, you don't keep your products beyond the original warrenty. My samsung dlp widescreen 1 month out of warranty goes on it's a.s. Guy comes out and say's yup it's broken, gonna cost $1,500 for a new whatever the hell it is (looked impressive as hell). Anyway in the past 6 months they have put 2 more into the set. Do the math. Oh, the xtended warranty was $250.00. Money well spent imo. To me a extended warranty is like insurance, you hope you never need it but are damn glad you have it when you do. Sure an extended warranty on something under $1,000 I'd probably walk away from. But a truck that is worth in the area of 30-40+K. If I plan on keeping it beyond the makers warranty, sure. One thing to remember the DC extended warranty does not have to be purchased at the time of sale, I believe you can buy it any time during the initial warrenty, although it may cost a little more. So, you have some time to make up your mind. Roy >One thing to remember the DC extended warranty does not have to be purchased >at the time of sale, I believe you can buy it any time during the initial >warrenty, although it may cost a little more. So, you have some time to make >up your mind. > >Roy At the time of closing, the Dodge guys did bring it up. The 100K warranty was just over $3,000. To their credit, they didn't push it on me, only mentioned it. I'm guessing it's because of the new A-hole my wife ripped them for the crappy stunt they pulled during negotiations. Anyway, in my online search, it looks like the same warranty can be had for about $1,200, through a Dodge dealer up north. I think I'll give the original dealer the option of matching it. As far as extended warranties go, I generally pass on them. They may work, but I find the hassle of dealing with the warranty companies not worth it. I just go out and buy another. But when I look at the potential cost of repair of a truck I fully intend to drive over the 100K mark, I think it's worth it. Hopefully I won't be one of those nightmare cases I've heard about, but with my luck, I'm buying the warranty. So far I'm very happy with the truck. bb >>One thing to remember the DC extended warranty does not have to be >>purchased [quoted text clipped - 22 lines] > nightmare cases I've heard about, but with my luck, I'm buying the > warranty. I've not had a problem when useing my dc extended warranty. Just like Iwas useing the original except for a deductable. Roy > So far I'm very happy with the truck. > > bb > IMO they only sell you an extended warranty because the seller makes money > from it. They compare the cost of all the claims against the money they > collect from all the contracts and in the end they show a profit. It's > similar to insurance but without governing laws and an insurance > commissionar to oversee those laws. I _never_ buy extended warranties for > any product. that is a pretty limitted viewpoint. first, you are absolutely right that the companies that sell extended warranties do so to make a profit. did you think they should do it because you are a good guy and they wanted to do a favor for a good guy? look, the only reason dodge makes trucks is to make money. what's the problem with that? evertime extended warranties are brought up, that is the biggest complaint. how stupid can that be? for crying out loud folks, what isn't built for a profit (well.......ok........maybe the government). as for extended warranties, everyone has an opinion on it. for me, i consider the cost of the extended warranty against what i have to lose if the particular piece breaks. i don't buy extended warranties for most electronics because most electronics are now throwaways. if they break, you are better off getting a new one. but if its a real expensive thing i would consider it depending on what the warranty would cost. i bought an extended warranty for my rv. the cost of the five year warranty was less than what one appliance would cost if it broke. gives me a little peice of mind i guess. i think the most important thing is to buy it from a good company. you would be surprised at the number of companies that come and go in the extended warranty field. it won;t do you any good if the company you bought the warranty from goes out of business. I'm not opposed to anyone making as much money as they can (or as little as they want). I just think that most extended warranties will never be used and the seller of such knows it. IMO it's like agreeing to pay 10% (or what ever) above the list price. >> IMO they only sell you an extended warranty because the seller makes >> money [quoted text clipped - 28 lines] > extended warranty field. it won;t do you any good if the company you > bought the warranty from goes out of business. I'll keep that in mind if I ever by another TV. >> IMO they only sell you an extended warranty because the seller makes >> money from it. They compare the cost of all the claims against the money [quoted text clipped - 22 lines] > > Roy > > IMO they only sell you an extended warranty because the seller makes money > > from it. They compare the cost of all the claims against the money they [quoted text clipped - 9 lines] > hell). Anyway in the past 6 months they have put 2 more into the set. Do the > math. Oh, the xtended warranty was $250.00. Money well spent imo. What model was that TV?  SignatureIf at first you don't succeed, you're not cut out for skydiving >> > IMO they only sell you an extended warranty because the seller makes > money [quoted text clipped - 16 lines] > > What model was that TV? It is a samsung 61" dlp hd tv. I believe the model # is HLN617WX Kinda hard to see without shifting a bunch of stuff around. Roy > IMO they only sell you an extended warranty because the seller makes money > from it. It has been my experience that the only reason ANY company makes a product or offers a service is because they make money from it They compare the cost of all the claims against the money they > collect from all the contracts and in the end they show a profit. Yes, profit is wonderful. Without profit we wouldn't have the marvelous choices and variety of products to choose from. It's > similar to insurance but without governing laws and an insurance > commissionar to oversee those laws. I _never_ buy extended warranties for [quoted text clipped - 13 lines] >> >> bb I'm not opposed to anyone making as much profit as they can. I just think that extended warranties are for suckers (with the possible exception of Roy's wide screen TV as mentioned in a previous post). I have noticed several times when I'm shopping for a large ticket item the salesman will say something like "this is a great product...lasts forever" then when it's time to put the money down they say "I strongly suggest the extended warranty." Huh? If its so good why do I need to pay more for a warranty that you said it wouldn't need? Furthermore, I remember a report about a large electronics retail chain who taught their sales people to really push the extended warranties because that's were they make most of their money. IMO most modern car and truck manufacter's build very reilable stuff. >> IMO they only sell you an extended warranty because the seller makes >> money from it. [quoted text clipped - 26 lines] >>> >>> bb > I'm not opposed to anyone making as much profit as they can. I just think > that extended warranties are for suckers (with the possible exception of [quoted text clipped - 9 lines] > > IMO most modern car and truck manufacter's build very reilable stuff. Yes they do, but anything mechanical can (and does!) fail. Being in the industry, I see service contracts "pay off" on a daily basis. As I said, I work in the industry and can fix most anything myself and get a substantial discount on parts, but I still have service contracts on every vehicle that I own. The peace of mind in worth it to me. Mike >>> IMO they only sell you an extended warranty because the seller makes >>> money from it. [quoted text clipped - 26 lines] >>>> >>>> bb >Being in the industry, I see service contracts "pay off" on a daily basis. >As I said, I work in the industry and can fix most anything myself and get >a substantial discount on parts, but I still have service contracts on >every vehicle that I own. The peace of mind in worth it to me. I respect your opinion and experience (which in this case is much greater than mine). I never would have used an extended warranty on any product for which it was offered to me. Maybe I've been lucky (though I don't much believe in luck). What kind of vehicles to you work on that you see extended warranties "pay off" on a daily basis? I want to avoid those manufactures. >>Being in the industry, I see service contracts "pay off" on a daily basis. >>As I said, I work in the industry and can fix most anything myself and get [quoted text clipped - 7 lines] > extended warranties "pay off" on a daily basis? I want to avoid those > manufactures. OK DUDE! we get it. you don't believe in extended warranties. quit beating a dead horse. your last 6 posts all said the same thing. Signature---------------------------- -Chris 05 CTD 06 Liberty CRD Real Trucks don't NEED spark plugs. I was mearly replying to each thread in which people thought I was opposed to capitalism or being so irresponsible as to not carry insurance, which to be honest, after re-reading my own reply I can see how they got that impression. I did a poor job of communicating my reasoning which brought on the negative replies and for that I apologize. In retrospect I could have replied to my own post and addressed all the complaints in one message rather than individually follow up on each one. Roy did make me re-think my general policy to include when buying into new, unproven technology or manufacturing techniques an extended warranty may be a good idea. >>>Being in the industry, I see service contracts "pay off" on a daily >>>basis. As I said, I work in the industry and can fix most anything myself [quoted text clipped - 15 lines] > > your last 6 posts all said the same thing. >I was mearly replying to each thread in which people thought I was opposed >to capitalism or being so irresponsible as to not carry insurance, which to [quoted text clipped - 7 lines] > new, unproven technology or manufacturing techniques an extended warranty > may be a good idea. No prob Ed, this is a good "on-topic" topic. First of all, we are talking about "service contracts", NOT extended warranties. There are NO such thing as extended warranties although many people (mistakenly) call them that. One should never look upon a service contract as an investment, it is not nor was it ever intended to be an investment. Rather, it is protection from catastrophic loss much like an insurance policy, very similar to your medical insurance. As a Service Manager, I see service contracts "pay-off" on a daily basis. Do the owner's recoup their entire "investment"? Many times not. In fact, in looking back at all my service contracts, I can say that they have been a net "loser" for me from an investment standpoint. Why, you ask, do I buy them then? I also see on a daily basis the excalating costs of automotive repair. I also see the increasing complexity of today's autos. In spite of the manufacturers best efforts and engineering expertise, when you add complexity to any mechanial contrivance you increase the potential for failure. Also, I travel a lot towing a 30' RV. I have the peace of mind knowing that wherever I go in the US and Canada, if I have a mechanical breakdown I will have the repairs covered at no charge, plus the use of a rental car and if the repair involves a protracted visit, trip interruption protection vis a vis campground fees, motels and meals. Knowing that, I can budget for our trips knowing that there will be no surprises... at least automotive wise. Finally, many folks live from paycheck to paycheck and do not budget for catastrophies. Those folks are the best customers IMHO for service contracts. Without the protection of a service contract, many of these folks would be dead in the water if faced with a one or two thousand dollar repair. They don't have the money, their credit cards are maxxed out and they are just plain screwed. If they had the prescience to buy a service contract at the time of sale, it would only add a couple of bucks to their monthly payment and if a catastrophy should befall them, they are covered. So really, they are not an investment. They just spread the risk out so there are no surprises during the term of the contract. The peace of mind is priceless. Mike >>>>Being in the industry, I see service contracts "pay off" on a daily >>>>basis. As I said, I work in the industry and can fix most anything [quoted text clipped - 15 lines] >> >> your last 6 posts all said the same thing. > 2006 Ram 3500/Cummins, 500 miles. > [quoted text clipped - 5 lines] > is only as good as the company writing it, so, although price is a > concern, I do want a solid company. Buy a DCX extended warranty rather than some aftermarket. I have seen too many of these aftermarket companies fold up shop leaving anyone with a policy with a worthless warranty. |
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