From: awds_ltd@uhura.cc.rochester.edu (Clarkkent)
Newsgroups: rec.autos
Subject: Re: Extended Warranty (3rd party recommendations)
Date: 19 Nov 92 17:26:52 GMT
Article-I.D.: galileo.1992Nov19.172652.27186
Organization: University of Rochester - Rochester, New York

In <PHILG.92Nov18110342@zug.ai.mit.edu> philg@zurich.ai.mit.edu (Philip Greenspun) writes:


>In article <1992Nov16.213211.16188@noose.ecn.purdue.edu> rjwade@rainbow.ecn.purdue.edu (Robert J. Wade) writes:


>   In article <PHILG.92Nov15161532@zug.ai.mit.edu> philg@martigny.ai.mit.edu writes:
>   >In article <BxoEAu.4v8@world.std.com> sandyb@world.std.com (Sandy Bendremer) writes:
>   >
>   >   I am just about to take delivery on a new Ford (Taurus SHO).  Can anyone
>   >   recommend or provide a list of 3rd party extended warranty providers.
>   >
>   >   My goal would be to have as good (or better) coverage than Ford's program,
>   >   at lower cost.  
>   >
>   >Don't get a 3rd party warranty.  In most states the implied warranty

>   don't get an extended warranty ever, they are a ripoff *always*.
>   put the money in the bank and use it to cover repairs after the 3 year wait



	DO NOT BUY A THIRD PARTY WARRANTY!!!!!
I bought my Ford in March, it's an '88 T-Bird with (at the time) 66k on
the original engine and turbo.  I loved it so on initial test drive that
I probably paid too much for it at a used car dealer.  I was worried
about the engine/turbo/transmission with high mileage /my student
budget, so I bought that car because it had a warranty.  Don't get me
wrong, I loved the car, but didn't look for one elsewhere because I was
offered a 2yr/24000 mile warranty on every lubricated system.  This meant
 engine, turbo, transmission, power steering, differential, etc.  Not
a bumper-to-bumber, but enough to cure my worries about the mileage.
The company that offered it is(was) Automotive Guarantee Corp, or AGC
The used car dealer acted as a representative, and I agreed to pay
another 480$ for this 'premium' coverage.  BTW, this was one of those
'product warrantees' like Wynn offers also.  You add their anti-friction
additives to engine, transmission, differential, compressors, pumps, 
hair, ... every so often.  The dealer gave me the initial bottle of
'stuff' (wow, a 5.95 value!!!) and said when my paperwork was
processed I'd get more through the mail from time to time.  Well, that
was March.  In June, I called the toll-free number on the contract
to find out why I hadn't received any more product.  I got a recording
from the phone company that the number was no longer in service.  After
calling directory assistance in Raleigh, I determined that the company
either moved, or dropped of the earth.  So I called my (un) friendly
used car dealer to ask about it.  He said that he was sorry but the
company had been shut down by the Attorney General in Raleigh.  Great,
so I now have no warranty!

Subsequent calls to the Attorney General's office have informed me that
AGC closed down voluntarily after hearing of an impending suit by
that office.  This was either the day before or the day of my purchase
of the warranty.  Why didn't the dealer know of this, or did he and
kept all of my money, not just his 100$ commission?  I have
a complaint form sitting at home, that if AGC is liquidated I may get some
small portion of my 500$ back.  Here's the trick:  My receipt adds the
warrantee price to the purchase price of the vehicle, so there's no
itemization of how much I paid for the warrantee at all!  I guess
I was the sucker born at the wrong minute this time....

Adam Edwards
awds_ltd@uhura.cc.rochester.edu
Newsgroups: rec.autos