Warranty Direct quote? Would you do it?
 

I got 2 quotes for coverage from Warranty Direct. My 2001 has 44,500 miles and I can get the following:

MajorCare Covers the most likely to fail “big ticket items” plus many others

Deductible
Term/Miles* Will expire on... Or when odometer
reaches... $0 $100
13 Months / 13,000 Miles 10/20/2008 57,500 Miles $2,300 $2,050
25 Months / 25,000 Miles 10/20/2009 69,500 Miles $2,766 $2,466
37 Months / 37,000 Miles 10/20/2010 81,500 Miles $3,361 $3,036


XtraCare Protects all 16 major components of your vehicle

Deductible
Term/Miles* Will expire on... Or when odometer
reaches... $0 $100
13 Months / 13,000 Miles 10/20/2008 57,500 Miles $2,570 $2,320
25 Months / 25,000 Miles 10/20/2009 69,500 Miles $3,108 $2,808
37 Months / 37,000 Miles 10/20/2010 81,500 Miles $3,834 $3,509

I'm leaning towards the 37 month coverage for either plan but the costs ! yikes. Looking for feedback from Warranty Direct or maybe another plan. I didn't have CPO coverage and only had a 6 mo wty from the selling dealer 2 years ago. So far nothing major but.....

MotorDavid where are you??

MD or SG.....

How profitable/credit worthy is Warranty Direct?

A lot of these companies go bust.

Do a search on this website for WarrantyDirect. You'll find may posts from MD and SG.

They have good credit

According to Warranty Direct:

A.M. Best A-Excellent rated
insurance company

Given the fact that your car is out of the factory warranty, it sounds pretty reasonable to me. I bought mine from WD about 2 years ago, but mine was still covered under the factory warranty at the time. At the time, my 2002 only had about 17k miles. I purchased their highest level package, added the additional navigation coverage and $0 deductible, and paid about $2,300 for an additional 4 years. Great value at the time.

I have had several claims with them, all handled by my SA at the dealer. I even used them to show up and change a flat tire when it was 110 degrees outside and I didn't want to do it :).

Here is what will really sell you on it. A few months ago my A/C went out. Well, it turned out that I needed to have the A/C evaporator replaced, which entailed removing the entire dash (13 hours labor). Total repair cost was $2,900 :wow:. They covered all but about $300 of the repair (misc. non-covered parts/labor), and I was very happy to pay it!

I figure they have now paid about $3,400 in repairs already, and I still have ~2 years left on my warranty.

Was it worth it for me? Oh hell yes!
Would I go with WD again? Without question!
Have their prices gone up a bit? Probably due to repairs like mine LOL

Just do it, it's wonderful peace of mind.

At the very least, if you're still not sure, take $3,000, put it in a separate liquid bank account, and leave it there to cover unexpected repairs :).

In summary, Warranty Direct is the ONLY extended warranty company I would trust given my stories, and others I have read.

I just purchased their secure plan their "bumper to bumper" for 4 yrs 100,000 with no deductible for my 03 with 37K miles. My orig warranty just expired. I havent used them yet but many users here have them and from what I have read they are all pretty happy with WD. I paid $3288 for my policy.

Late to this thread as I was viewing the inside of my eyelids when
the question was first posed late night...

I agree that WD is the way to go. Only the OP can decide/choose
which is better coverage for his own situ and what term/miles to
select. If you are really keeping your car a long time, go with longer
time frame; otherwise cover yourself for the time/miles you realistically
feel you will have it.
GL,
mD

id say go for it, i bought luxury care (4yrs/100K miles) for my 04 X just last week... around 33 hundred.:thumbup:

I thought that unlike the BMW contract that WD would pro-rate a contract should you need to terminate say when you trade the vehicle.

Just another 2 cents..

If you happen to have AAA, you might have a look at their prices for extended warranty coverage.. My brother just bought a Mazda and the cost of the extended warranty from AAA was significantly less than several others..

Also, and not to start a flame, BUT about 2 years ago I was ready to pull the trigger on a Warranty Direct deal (actually did and got a refund before the 30 days were up), but stopped because a friend sent me a list from the BBB of complaints lodged against WD.

Now that was a few years ago, and I'm sure things could have changed, but the clincher was that my local BMW dealer would not accept their rates/fees, and I would have to pay the difference.

Again, I did not go any further and completely respect any one else who has enjoyed success, but wanted to share at least one other observation. I guess if your local dealer is willing to accept their plan, that would be a pretty good confirmation.

Good Luck whatever you choose !

ED

ED,

im from jersey too, so which dealer are we talking about here? i mean your local dealer? because when i spoke with George from WD, i asked him specifically about 2 dealers where i normally go, Park avenue and JMK, and told me they worked with those dealers before and had no issues.. i just got my warranty and maybe if there really is a problem, maybe i can pull out of it... Thanks ....

Jay:
I was referring to Open Road in Edison. George was the SA at the time, and he's gone. Maybe he gave me bad info.. I'd forgotten about the topic until yesterday..

Again, I was only giving my experience. I have no grudge at WD (or any other firm)..Hey they refunded my money so we're even.

I do recall (and just tried to find - unsuccessfully) a collection of complaints assembled on a web site. Conversely, the BBB shows only 4 complaints which sounds pretty darn good http://www.bbbnewyork.org/reports/bu...&pid=44&page=1

Hope that clarifies my point

ED

Just the information i was looking for. I have been looking for an extended warranty and have pinpointed WD. The quote i received was $5200 for xtracare for 37 months/37,ooo miles or an odometer reading of 93,364. I currently have about 56k miles on my 01. i noticed that location plays a role determining a quote. If I was in NY instead of HI the quote would have been $400 more. Just thought I'd share this. So besides the price changed based on location is the quote reasonable?

I would put the $5200 in a savings account and pay for services as needed. This way, I can also replace preventative maintenance items as I see fit, rather than having to wait for something to break before I can make a claim.

i think 5200 is too much already... at least for me....