{"id":2919,"date":"2016-07-29T20:24:56","date_gmt":"2016-07-29T20:24:56","guid":{"rendered":"http:\/\/www.leithcars.com\/blogs\/1421\/?p=2919"},"modified":"2016-07-29T20:24:56","modified_gmt":"2016-07-29T20:24:56","slug":"should-get-extended-third-party-automotive-warranties-yay-nay","status":"publish","type":"post","link":"http:\/\/blog.leithcars.com\/?p=2919","title":{"rendered":"Should You Get an Extended Third-Party Automotive Warranties?"},"content":{"rendered":"

\"third-party<\/p>\n

They come in your mailbox, over the phone, and through your television. It seems no matter where you go, third-party warranty companies are always soliciting. They yell things like: Final Notice, Urgent Request, <\/em>and Hurry Now<\/em>, to try and spook you into buying quickly. The question is, should you?<\/p>\n

The simple answer<\/strong><\/h3>\n

To put it simply: no, you shouldn\u2019t. These third-party warranty companies are widely known for their lack of efficacy<\/a>. They take your money and typically won\u2019t have your back when you need them most. CarMax offers an extended warranty program for their used cars called Maxcare Auto Warranty, and even\u00a0their service has terrible reviews.<\/a> Here\u2019s one example:<\/p>\n

\u201cWe have not been impressed. We paid $2300 for an extended warranty on a Mercedes. We have come $1800 out of pocket on one occurrence and $300 on another. Maxcare provided only $300 in coverage.\u201d \u2013 Bryon of Newnan, GA<\/p><\/blockquote>\n

Bryon and his family in total have paid $4400 for the Maxcare Auto Warranty, and have only received $300 in coverage \u2013 leaving them out $4100.<\/p>\n

\"Third-Party<\/p>\n

War and tea<\/strong><\/h3>\n

That\u2019s the problem with most third-party warranty companies. They\u2019re turning a profit by charging you more than they cover. It\u2019s that simple. You pay more, they pay less, you suffer the financial burden, and they stay afloat long enough to make a sizable chunk of change. That\u2019s why they\u2019ll typically make you pay everything up front \u2013 they want to get your money before you realize the kind of deal you got.<\/p>\n

Our advice?<\/strong><\/h3>\n

If you want an extended warranty, buy it from the manufacturers. That way, you\u2019ll be dealing with the company you trusted enough to buy a car from: a company that has a lot more to lose than these small, one-off scam companies.<\/p>\n

\"Third-Party<\/p>\n

If you insist on using a third-party company, we hope you\u2019ll check out Consumer Affair\u2019s top 15 rated Auto Warranty Companies<\/a>. These are the companies with the best customer reviews, so we imagine they\u2019re pretty safe bets. Just steer clear of any company trying to aggressively pressure you into buying a warranty \u2013 take your time with any big purchase, do your research, and always consider multiple options.<\/p>\n","protected":false},"excerpt":{"rendered":"

They come in your mailbox, over the phone, and through your television. It seems no matter where you go, third-party warranty companies are always soliciting. They yell things like: Final Notice, Urgent Request, and Hurry Now, to try and spook you into buying quickly. The question is, should you?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-2919","post","type-post","status-publish","format-standard","hentry","category-lifestyle"],"_links":{"self":[{"href":"http:\/\/blog.leithcars.com\/index.php?rest_route=\/wp\/v2\/posts\/2919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/blog.leithcars.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.leithcars.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.leithcars.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.leithcars.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2919"}],"version-history":[{"count":0,"href":"http:\/\/blog.leithcars.com\/index.php?rest_route=\/wp\/v2\/posts\/2919\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.leithcars.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.leithcars.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2919"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.leithcars.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}