thx for your insight, i'll remember that one :pray:

Warranties are certainly a good deal for whoever sells them.

Insure lives and homes and car insurance in case of an accident. In other words insure what can give you a horrendous loss.

When I am asked if I want insurance on an item I just bought for $ 15 we know the idea of insurance has run amuck

It is becoming a little different with modern autos with are basically computers on wheels. Many of the electronic components are expensive to replace. Depending on price, an extended warranty directly from the manufacturer may have value. Warranties from dealers and other 3rd parties are worthless.

That is simply untrue. If it's a manufacturers warranty, probably. Most 100,000 mile warranties are not manufacturers warrantees. Dealers make way more money selling their own warrantees and they have significantly more stringent requirements as to who does the work.

So, what is the truth? I have never been offered an extended warranty from an auto manufacturer. Do they actually sell warranties directly to the retail customer without involvement by the dealer? How do you buy a warranty directly from the manufacturer, and how do you know that the warranty is from the manufacturer and not from a third party?

When I bought my Hyundai Genesis, back in 2011, I bought the 100,000 bumper to bumper extended warranty ($1,250). The car came with a 100,000 mile power train warranty, but only the typical 30,000/3 year warranty on the rest.

At about 50K miles, the Navigation system took a dump and they replaced it for $50. Without the warranty, it was a $3750 repair. There were a few other smaller things that they covered along the way so I felt it was well worth the price (about $5K worth of work in total)...

But "Darlings" how can you go wrong!!!!!!! Hahahaha

When I bought my new Dodge Challenger I got a lifetime bumper to bumper warranty through Chrysler. From a forum a dealership in Hickory NC was selling them at the time for way less than any the dealership I bought my car at. At the time I was planning on keeping the car until I could no longer drive. I figured everyone says Dodge cars have issues and as long as I was planning on keeping it it would be a good move. In 11 years I have not had to use it oddly enough.

We also bought a used 2016 Civic at a Honda dealership. Since this car had so much electronics I opted for the Allstate 5 year warranty. Good thing we did. The AC died 3 times and the steering went wacky. If we would not have bought that warranty it would have cost us $7,000.

I AM very leary of the TV ads for extended warranties yes. I never bought a warranty before these two cars. However, with all of the new technology in todays cars I wonder if it is time to get a warranty. Those radio/backup camera screen things are $4,000 plus. If it goes you have to replace it as it controls so many things. The one in our Civic goes bonkers once in a while now. All of this new camera stuff in the front and side mirrors are going to be very expensive to replace.

Run!!!! Rip-off!

Specific to the OP question....the TV ads associated with that segment of auto warranties, are the issue. As previously stated by many of us. Many are confusing dealer products as the same as whats been proposed...they are not. One 'covers' site unseen, higher mileage, older model vehicles vs in house new/certified preowned stock that has a totally different business model. Why anyone would attempt to buy this type of 'coverage' for a clunker when that same money couldve been used for a better, more reliable purchase, is beyond me

These "Car Shield" TV commercials often feature a celebrity, with a net worth of more than $10 million, claiming that they have Car Shield. An extended auto warranty only kicks in after the manufacturer warranty expires. Do you really think that these wealthy celebrities would even keep a car that long?

Hmmm....seems awfully similar to post #4

Car Warranty
 

In 2020 I bought a 2012 BMW x3 35i 32,000 miles, $20,000. CarMax offered a 5 yr warranty or 75,000 miles $2300. Covers everything except brakes, tires, oil changes. $100 deductible. They cruise control wasn’t working, replaced free within 30 days-Car Max. Within 1-2 years, seals were replaced due to some oil leaks. Just that alone, more than paid me back. I have 1 year left, and only at 55,000 miles. For a higher end car, I feel it was worth the money.Will be self insuring when this warranty runs out.

My son bought one thru the dealership when he bought a used car. Transmission went out after 1 month, he was told they would not cover it because it was so soon after he bought it. They said they would cover 50% just to be nice. I told him to threaten to sue fpr misrepresentation on the used car, I'm sure they knew it had transmission problems, and they sold him the warranty, knowing they would not honor it. At that, they fixed the transmission for free and refunded him the money he paid for the extended warranty. It's a scam.
Car is fine now 1 year later.

Wow what a bunch of crooks