Extended car Warrarnty on a Nissan Versa versus a Third party Warranty?

I am helping out a friend buy a car. He has the Nissan Versa Hatch SL CVT in mind now.

He asks me a million questions. Some I don%26#039;t know the answer to. He does way more research than I do. I want him to buy a car, but sometimes I end up giving %26quot;any answer%26quot;, and that sits on my conscious.

I will ask some of his questions here. I want to ask his concerns about extended warranties. Does he really need one, etc.

He claims if you buy one (for a new car), you should NOT buy from the dealer. Because, in the world of finance, the underwriter of the policy could close shop before your policy ends. And legally you have no right to claim.

I recommend Him to always buy from the dealer (I never had a problem)

I questioned where he gets this info from. Let me give you this link: http://www.carbuyingtips.com/

I checked some of it out. I don%26#039;t know. Its kinda interesting BUT it also looks like internet info-mercial.

Any alternative sites? Any comments on insurance (also GAP)

Extended car Warrarnty on a Nissan Versa versus a Third party Warranty?

I suggest that your careful in your choice of warranties, it%26#039;s always a safe bet to buy the manufactuer warranty and not an aftermarket. (3rd Party)

Aftermarket warranty companies come and go, here today and gone tommorrow along with your dollars leaving consumers stuck with out coverage.

One of the most recent of these is WPC Associates Inc. from Harrisburg, Pa. (Web site link below) Seized operations as of Aug 22. (See the link below for some more info)

Also if you purchase make sure you maintain your vehicle with all the required services as listed by the manufactuer. I%26#039;ve seen cases where claims were denied because of lack of maintenance or lack of receipts for maintenance.

Anothe issue for denying a claim is modifying the vehicle beyond factory specs, this includes larger or smaller tires or almost any other modifications.

I once had a claim denied on fuel pump that failed because the owner had larger tires than what the truck was built for, it stated in his contract that any modifications may result in claim loss.

1--Deal witha reputable company, preferably the manufacturer

2--Understand the contract, know what it does and doesn%26#039;t cover

3--KNow what repair facilities will honor the contract

4--Know what they will pay the repair facility, meaning will they pay full retail rates to the shop or will you be required to pay for shop supplies, differences in parts prices and or labor rates

5--Know what your deductible is, is it for each repair or each visit?

6--Another crucial factor is rather it covers consequential damage or not, example: If the water pump fails and damages the engine, will it cover just the water pump or the engine as well.

7--Does it cover what%26#039;s considered %26quot;wear and tear items%26quot;, not maintenance items but wear and tear such as suspension components and seals and gaskets

8--Does it cover pre-existing conditions? Example: If the engine starts knocking shortly after purchasing and it%26#039;s determeined that it%26#039;s because of the previous owners lack of maintenance, then is it still covered?

The other post was correct, you don%26#039;t have to buy from the same dealer, shop around and get the best price.

As a last note, in most cases you also have until the original factory warranty expires to purchase. If you buy and finance at the same time then you are paying for (with interest) an extended warranty that won%26#039;t be used until the new warranty expires.

Be careful as well, some say 60,000 miles or months but this is often times started when the new car warranty starts, in essence you are paying for a shorter term than it really is.

Jerry

http://www.usedcarwise.com

PS: I%26#039;d go the GAP insurance as well, in the event that the vehicle is totalled then you are protetced against the full balance of the amount financed and not just the market value.

You also may be able to purchase GAP insurance from the lien holder, if it%26#039;s financed through a bank or credit union. (Read the contract to make sure it covers 100% of the lien.)

Extended car Warrarnty on a Nissan Versa versus a Third party Warranty?

I actually work for a Nissan Dealership-with accounts and finance. He should go with Nissan Quality Guard or Security Plus. Both have great coverage and are honored at all Nissan factory dealerships. Versa is a great car-I hope that he enjoys it.

If you need to email me you can.

tink24mls@yahoo.com

Extended car Warrarnty on a Nissan Versa versus a Third party Warranty?

Go with the extended warranty from the dealer. Many third parties are just interested in the money and when it comes down to pay for the repairs you or your friend will have to put in more then just the decutible. I%26#039;m not saying all third party companies do this, you need to do a lot of research and most important READ the FINE PRINT!

Extended car Warrarnty on a Nissan Versa versus a Third party Warranty?

You should always by an extended warranty that is supported by the manufacturer. However, that does NOT mean that you should buy it from the dealer who sold you the car.

First, you should buy from the manufacturer%26#039;s warranty program, because then there is no question about the standard for any future repairs. They will be made with factory parts at a factory-certified dealer. Many, many third party warranties will try to get you to use substandard parts and send you to substandard repair facilities. Never do that.

But there is absolutely no reason to buy the warranty (from Nissan, in this case) at the same dealer who sells the car. I just bought a Honda. The local dealer wanted $1599 for a 7 year, 70K extended warranty. But by shopping on the Internet, I found an authorized Honda dealer (in Rhode Island, as it turns out) that was selling an 8 year, 120K warranty for almost HALF of the price for the shorter warranty at my local dealer. Just to make sure this was legit, I called Honda%26#039;s US office in California. Sure enough, if you buy from any dealer, the warranty will be honored at any other dealer (including the local guy who wanted to charge double).

So, you are both right: Get a Nissan warranty, but shop hard for the best price. Just plug the words %26quot;Nissan Security Guard%26quot; into Google or Yahoo and see what comes up. You usually have at least several months after purchase to buy the extended warranty, so there is no hurry on this.

Good luck!!

Extended car Warrarnty on a Nissan Versa versus a Third party Warranty?

Extended warranty is a waste of money!

The chances of a Nissan having a major problem prior to 100k miles is almost none. So you%26#039;re paying $1500 up front for a problem you may or not have. I%26#039;d rather just invest the money and let it earn interest. If you do have a problem, then you%26#039;ll have the money to pay for it out of pocket.

There is a reason why warranties don%26#039;t cover after 100k miles.... because that%26#039;s when all the problems usually appear... between 120k-200k miles.

There%26#039;s a reason why they make so much money from extended warranties.....