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Old 03-25-2008, 09:38 PM   #41
Thinks s/he gets paid by the post
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Well Mike, I remember reading in the automotive news paper years ago about dealers going out of business because of ins. company warranties. What they did was sell thousands of these warranties and when the ins. company went under they were stuck with the repairs because they were the ones selling the warranties to their customers.

I can only talk about my experiences over the 35 years I sold warranties. Yes GM, Ford and others can go out of business but I'd rather bet on a company that's been in business for 100+ years over some that goes in and out of business as the wind blows.

I can remember many times that customers came in with some warranty they bought over the internet or from Geico. They would always send an adjuster to find some reason not to cover the repair.

I can remember one time a young guy came to the dealer with a Mustang with a blown engine. He had a Geico warranty and it took the adjuster about 2 weeks to get down to look at the car. Well guess what, the adjuster said the reason the engine blew was because it over heated because the thermostat stuck. Since the thermostat wasn't covered under the warranty the kid got stuck with the bill. So let's see, they cover the engine for 10K but not the thermostat for 5 bucks. Nothing but a game with ins. companies. Sort of like an annuity.

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Extended Auto Warranties
Old 03-26-2008, 11:19 AM   #42
Confused about dryer sheets
Join Date: Mar 2008
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Extended Auto Warranties

Originally Posted by jazz4cash View Post
I am not familiar with any of these independent financially sound warranty companies. Without offending anyone, could you list some names? As the existance of this thread attests, it may be difficult for a consumer to find a reputable independent amid all the sleaze out there.
First, we were discussing tele-marketing tactics which drive us all crazy, but if you want to know, do a google search, it is easy to find the scams verses the long term companies who happen to have sparkling reputations for paying claims, as well as clean BBB records for those who believe in BBB. I use the internet, and I can find out all I need to know on any company, so rather than list a couple dozen, search a few out and read their history, some are in business over 25 years, and the insurance companies who are reinsuring for extra consumer protection are 130 years in business, and A rated by AMBest, so hardly fly by night as some seem to believe all independent warranty companies are scams, seems a bit far fetched to me. Must work for big three. lol

Good luck to all, Mike

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Old 03-26-2008, 12:08 PM   #43
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Originally Posted by WarrantiesFurLess View Post some seem to believe all independent warranty companies are scams, seems a bit far fetched to me. Must work for big three. lol
With a member name of "Warranties-For-Less", what should we presume about who you work for (yourself, I'd guess) and why you decided to use that name on the forum (advertising, I'd guess)?
Numbers is hard.

Retired in 2005 at age 58, no pension

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Old 03-26-2008, 12:53 PM   #44
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Originally Posted by REWahoo View Post
With a member name of "WarrantiesFurLess", what should we presume about who you work for (yourself, I'd guess)
Yes. From his intro post: "I am new here, and although I was retired early, I am not the retired type, I was bored stiff having fished and golfed to the point of saturation, so I went back to work and started a few more businesses, which is my passion from day one. "

Originally Posted by REWahoo View Post
and why you decided to use that name on the forum (advertising, I'd guess)?
Seems likely.
TickTock Rule Of Finance - heavily discount any promises of money/benefits to be paid to you in the future

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Old 03-28-2008, 07:26 AM   #45
Confused about dryer sheets
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I am online all day, enjoy many different topics to chat about, and this started off with one of the most annoying of all topics which ended up coming up in my search efforts, so knowing all about telemarketers industry, I found it interesting topic, so I joined and I use the same user name on dozens of forums. I learned long ago, it moves your indentity up to top of search engines, and since I enjoy answering questions and offering suggestions on so many topics, it makes sense not to waste time.

As to early retirement, yes, I tried it after selling one of my businesses, so at 45, I guess that was early, but I found out fast that you can get bored doing anything, even golf or fishing, so this was not for me. My hobbie has always been buildling businesses of interest, and helping others do the same, so sharing is caring, much more enjoyable to spend my free time doing what I enjoy, as everyone should do what they enjoy, simple answer.

Good luck to all, Mike
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Old 10-18-2008, 11:44 PM   #46
Confused about dryer sheets
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Well, let me just put it this way.
I know whole lot about these phone calls, the extended warranty this that, does it go something like this ?

Warranty Division my name is Bubba, May i please have the year, make and model of your vehicle, and it usually has to be a car between the years of 1999 and 2007 if it's a 2008 the car does not qualify right ?

Im just curious if you ever figured out that these people do not ask you for your address they dont ask for your social security number they dont ask where you bought the car they simply ask for the year make and model, your first and last name, your zip code and how many miles the car has at this time, also before i forget if the car is in good running condition if it has any leaks and if the check engine light was on also,

if you meet those requirements they would transfer you over to a so called Warranty Specialist who is going to ask you the same questions over again and possibly rip you off, but how do i know all this,

believe it or not, i worked for this fu**ing company and once i figured out what they were doing i left, they are mostly going after the elderly plus im even in a law suit with them right now for sexual harrasment, folks if they call you my advice would be sayin " i know where you guys are, i know what you guys are doing, all the employees you guys had are turning against you scum bags and youll be closing ur bussines soon " and thats it, WHY ? because it is the truth, they harass people they don't just calll you they even call their employees they call their familys and rip them off as well, once they do it they fire those nice employees they have,

believe it or not, they are not in oregon they are not in california not in michigan not in minessota not in any of those states they are acctually in florida,,,, sooo please if they call you with those messages not just auto warranty messages, also security system messages for your homes, messages for debt, credit card messages every automated message or so called call you get just tell them not to bother you to place you on a DNC list and hang up, I will keep you guys posted on whats going on with them...

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