RE: Extended warranty (update from a new member)
 

YellowC5
New Member





Posts: 11
Joined: 3/21/2006
Status: offline I bought my 01 with 38k miles and immediately bought an extended warranty. I did my research and went with Warranty Direct. The initial cost was a bit hard to swallow ($1900), however, I loved the fact that I am covered until 2009 or 100k miles.

The good thing was that Warranty Direct allows you to pay in 10 installments.

Fast forward 3 months:
I brought the vette into the dealer to get a few small things done. I figured I would try out the warranty. I brought them this list:
1) Turn signals don't operate properly all the time. I suspect the hazard switch is bad.
2) The driver seat rocks back and forth about 1/2 inch, and squeaks
3) One tire pressure sensor does not register in cold weather

Well, I get a call back from the dealership 2 days later, saying the warranty company is paying all of it. Total cost? $2200!

The seat track alone was $800 just for the part. Anyway, like I said earlier, this was three months into the warranty, so I had only made 3 of the 10 payments. So, the warranty company has less than $600 of my money, and I have $2200 of theirs. Not to mention that I'm covered for another 3+ years, or 70,000 miles.

Would I do it again? Most definately. And most certainly with Warranty Direct.

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2001 Millenium Yellow C5 (daily driver)
1991 Toyota MR2 Turbo (weekends)

RE: Extended warranty
 

Update:
Well folks thought I would let you know I went with Warranty Direct Secure Bumper to Bumper 6/yr 60,000mile warranty. Minus my current 11,000 miles gives me 6/yrs 49,000miles w/ a $50.00 deductible, was $1,741.00 and I was able to make one downpayment and ten monthly payments. It works for me. Next will be installing the Borla stinger Quad Exhuast system, which they told me would be okay with my warranty.