Is a extended warranty from warranty solutions good or bad?

45

Asked by Jul 29, 2014 at 09:49 PM about the 2009 Cadillac Escalade Platinum AWD

Question type: General

I bought a extended warranty from warranty solutions from the dealer and started reading bad reviews about it. I purchased the Ecomind preowned 5 star with a $200 deductable, Bumper to bumper 3 year 32,000 mile.

4 Answers

34,165

Have you read the contract you signed? It's full of exclusions. Get your money back if you can. Put it in a special savings account. And use that money should something go wrong.

1 of 1 people found this helpful.
45

I thought I was seeing that as I read through it too. Thanks for the push.

8,785

There is only a small handful of extended service contracts that are good. Anything underwritten by Royal Administration is ok. And even then, it is amazing at the price disparity between companies for the EXACT same contract. There are exceptions, but generally an extended service contract on a car is a very poor investment. They are designed to make the company money - not give you an easy out on repair bills.

3 of 3 people found this helpful.
45

Thanks bobkat

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