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Extended Warranty Companies #5386232 03/26/20 01:14 PM
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Nick1994 Online Content OP
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I know, I know, extended warranties are evil. Aside from that...

Thinking of getting one for the Genesis before I hit 60k miles. Found Concord Auto Protect, talked to a guy and the Platinum coverage for 5 additional years and 100k additional miles is $1,930. No deductible.

Wondering what you guys thought? Not sure how legit the company is.

Any legit companies you guys recommend I look into?


2015 Hyundai Genesis 5.0L 61k Dealer Bulk SynBlend 5w20 & OEM
2000 Toyota Camry 2.2L 239k Mobil Delvac 15w40 & Fram Ultra
1996 Jeep Cherokee 4.0L 150k Mobil 1 HM 10w40 & Fram Ultra
Re: Extended Warranty Companies [Re: Nick1994] #5386238 03/26/20 01:23 PM
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John_K Offline
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Put the money in the bank and use if for repairs.


2009 Mercury Grand Marquis, 8 cyl auto, 98xxx miles, PU/Fram Ultra
2005 Hyundai Sonata, 4 cyl auto, 101xxx miles, Maxlife/OEM Filter
Current oil stash: 446 qts.


Re: Extended Warranty Companies [Re: Nick1994] #5386244 03/26/20 01:29 PM
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Lubener Offline
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I would never consider a contract with a third party. Only the manufacturer, if it is too late, I would do nothing before going with a fly by night company.


The "thinking" man's friend.
Re: Extended Warranty Companies [Re: Nick1994] #5386251 03/26/20 01:40 PM
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GON Offline
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I think COSTCO use to partner with a third party warranty firm, but if I recall, COSTCO removed itself from the partnership. If true- must be a reason that the third parties don't deliver on what they are insuring. Putting $75 per month is a major auto repair savings account might be a alternate course of action.

Re: Extended Warranty Companies [Re: Nick1994] #5386252 03/26/20 01:42 PM
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NO2 Offline
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3rd party warranty providers have a history of going out of business. Their web site says nothing about their financial stability or financial ratings. Stay away!

Last edited by NO2; 03/26/20 01:43 PM.
Re: Extended Warranty Companies [Re: Nick1994] #5386261 03/26/20 01:52 PM
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ls973800 Offline
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Interestingly, the Ford Extended Service warranty was a very good plan to buy for many used vehicles, even if they weren't a Ford. Link below to one of the major sellers of the plan, plus a screen shot showing the 2015 Genesis as being eligible

[Linked Image]


Zeigler Ford Extended Service Contract Information

Last edited by ls973800; 03/26/20 01:54 PM.

2019 Honda Pilot Touring AWD
Re: Extended Warranty Companies [Re: Nick1994] #5386265 03/26/20 01:56 PM
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csandste Offline
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There was one in St. Charles County that tied itself to a church so it wouldn't pay taxes, then a oil additive scam so they were selling that with the insurance thrown in free as long as you bought the additive. Both were put out of business but another one has lifted it's (I assume) ugly head. Even bought naming rights to the local ballpark.

The best ones keep half the money and pay off. The worst ones are total scams and never pay off. You can do better self insuring. IMHO always a horrible deal.


2017 Kia Soul+ Valvoline Daily Protection 5w30+ a bit of Harvest King syn 5w30-- 75,000 miles
Re: Extended Warranty Companies [Re: Nick1994] #5386267 03/26/20 02:02 PM
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csandste Offline
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https://archives.fbi.gov/archives/s...cted-on-conspiracy-and-tax-fraud-charges

This guy was even running ads on Clark Howard....and, they didn't beat the rap.

Last edited by csandste; 03/26/20 02:04 PM.

2017 Kia Soul+ Valvoline Daily Protection 5w30+ a bit of Harvest King syn 5w30-- 75,000 miles
Re: Extended Warranty Companies [Re: Nick1994] #5386278 03/26/20 02:09 PM
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pandus13 Offline
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I thought Geico had some mechanical break-down insurance.


16 Golf SportWagen
13 Mazda5
08 Yaris
04 Elantra
95 accent
95 mystique
97 concorde
Re: Extended Warranty Companies [Re: Nick1994] #5386287 03/26/20 02:27 PM
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PowerSurge Offline
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Why not buy from the manufacturer online? Third party auto warranties are a mistake. Might as well throw that money in a pile and burn it.

Then again, if you don’t have enough confidence in the car, it might be time to go with another manufacturer.


1993 Porsche 964, 2001 Ford SVT F-150 Lightning, 2004 Chevrolet Corvette, 2018 Toyota Tundra and a few others
Re: Extended Warranty Companies [Re: Nick1994] #5386308 03/26/20 02:55 PM
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Wolf359 Online Content
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The main problem with extended warranty companies is that they tend to go out of business so you have a worthless warranty. Even the ones that are decent have a lot of exclusions, either they want an inspection or will deny claims that should be covered or have a limit on coverage. Say you blow the engine and instead of paying for a new engine, they just give you some lump sum which is the max they pay and then terminate your warranty but it's still not enough to cover a new engine. You don't have those issues when the warranty is through the manufacturer.

If you really must get a warranty get one from a reputable company that's been around a while and that people have actually heard about. The ones the dealers push aren't necessarily the best because the ones they push the most have the best profit margins and no guarantee that they will be around. There are actually a few of them out there. As others said, the manufacturer's warranty is the best, usually no deductible and they don't play games with inspections and warranty denials.

Both my Mercedes didn't qualify for a warranty so I didn't bother getting any kind of aftermarket. From what I've read of people who have used a warranty and saved thousands, it would have been a wash if they took it to an indy mechanic instead of the dealer. My repairs have basically been standard maintenance stuff that probably wouldn't have been covered by a warranty.

Re: Extended Warranty Companies [Re: Nick1994] #5386312 03/26/20 03:03 PM
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Donald Online Content
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Originally Posted by Nick1994
I know, I know, extended warranties are evil. Aside from that...

Thinking of getting one for the Genesis before I hit 60k miles. Found Concord Auto Protect, talked to a guy and the Platinum coverage for 5 additional years and 100k additional miles is $1,930. No deductible.

Wondering what you guys thought? Not sure how legit the company is.

Any legit companies you guys recommend I look into?


I have read to always get one from the manufacturer if you want one. But that is only what I have heard. No experience.


2015 Ford F-250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: Extended Warranty Companies [Re: Nick1994] #5386320 03/26/20 03:31 PM
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Nick1994 Online Content OP
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Well, $1,930 for 5 years of bumper to bumper coverage really isn’t a lot, especially for such a fancy car.

So $32 a month.


2015 Hyundai Genesis 5.0L 61k Dealer Bulk SynBlend 5w20 & OEM
2000 Toyota Camry 2.2L 239k Mobil Delvac 15w40 & Fram Ultra
1996 Jeep Cherokee 4.0L 150k Mobil 1 HM 10w40 & Fram Ultra
Re: Extended Warranty Companies [Re: Nick1994] #5386327 03/26/20 03:49 PM
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tiger862 Offline
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Look at there reviews on there Facebook. Denial after denial and offered cash back + policy money as settlement. According to reviews if you take down negative rating then they will give you 250 to remove. I looked at consumer affairs and every review was bragging on just 2 people in company so that is a red flag. It has complaints on BBB that company didn't put pay they pointed to exclusions such as a bulletin on the problem so it is known defect. Just be careful



Last edited by tiger862; 03/26/20 03:53 PM. Reason: Spelling

Tiger862
2018 Grand Caravan
Re: Extended Warranty Companies [Re: Nick1994] #5386340 03/26/20 04:03 PM
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Wolf359 Online Content
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Originally Posted by Nick1994
Well, $1,930 for 5 years of bumper to bumper coverage really isn’t a lot, especially for such a fancy car.

So $32 a month.


$1930 is a lot if you don't actually get the coverage. It's why most aftermarket warranty companies are scams and why you get so many telemarketers and advertisements in the mail.

You were warned.

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