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Extended Warranty Question

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Old 01-06-2011, 03:47 PM
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My Select Edition warranty expires in March. I talked to the dealer today about an extension. It's around $3,500. for 3 years. I've already negociated a bit on this price and I'm trying to figure out if I can go for even more. Anyone know what kind of profit margin the dealer's have built into these prices? My impression is that it's quite a lot. Thanks in advance for your help.
 
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Old 01-06-2011, 04:26 PM
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Not really an answer to your question but I would think long and hard before spending several thousand for an extended warranty, especially where the car is so new and very unlikely to have an expense that would be several thousand. I was able to get a mechanical breakdown warranty through my wife's credit union (it is Members Choice Mechanical Breakdown Coverage) and the Platinum level seems to cover virtually everything. I had this coverage on other cars and dealing with them was not bad. For the Jaguar, the cost was $1,500 for 4 years which seems very reasonable.

Doug
 
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Old 01-06-2011, 08:03 PM
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I was looking at the price on my Easy Care warranty and it was $2,500 for a 5 yr 40,000 bumper to bumper.
 
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Old 01-07-2011, 12:06 PM
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Marco, where did you get that price on the Easy Care? Is there any deductable? My dealer is selling the same thing.
 
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Old 01-08-2011, 04:26 PM
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I had EasyCare before and the price is highly negotiable. You need to bargin down the price. Do not just accept what the dealer is selling you.

What is your odometer reading?

Be sure to check what is covered and what is not covered. Check with FAQ on this forum to see what may need repairs over the next 3 yrs. and make sure most of those expensive items are covered.
 
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Old 01-10-2011, 05:28 PM
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I have negociated the price down $350. but suspect I can go even more. What I'm trying to figure out is how much more. My car is low milage...33k. The dealer is selling me Easy Care. Anyone know where else to shop for price on Easy Care?
 
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Old 01-10-2011, 06:23 PM
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$350 !!!!!!!!!! What kind of warranty can you get for that??
 
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Old 01-10-2011, 06:36 PM
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Easy Care should be a good choice for you, and they have a number of service plans available. On a Jag, I would suggest going their top level plan due to the complicated mechanical and electrical nature of these cars.

Please note that not all ESP companies are created equal. Never purchase an extended service plan (ESP) from any company that is not fully insured--if they happen to go out of business. Easy Care and other quality companies are fully insured, and will say so in their literature. I also urge you to shop around, as ESP's are a very large part of a dealer's Finance and Insurance (F&I) Department profits. It never hurts to negotiate.

I worked in management & sales at a major car manufacturer's captive finance company for 25 +years, and I always felt better dealing with the manufacturers' ESP programs--versus an outside company. Easy Care was Ford owned--prior to their management purchasing the company in 1999.
 
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Old 01-11-2011, 05:08 PM
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I'm trying to find out how much "fat" the dealer has in the price he quoted me...$3,500.. I got him to take off $350. but I want to know if I should ask for even more. He says he has $1,000. profit margin in the warranty. I think he has more than that. I'm trying to find out how much profit he really has so I can negociate. I'm hoping someone on here knows.
 
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Old 02-09-2011, 08:45 PM
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After reading this thread I decided to look into getting the Easy Care warranty. what A Joke! I called 4 times and never did get to talk to a "Warranty specialist". you will talk to people who will collect all your personal information then they require you to let a" warranty specialist" call you back. when I refused to give them a number to call me at work, they said the specialist could not call me back. what A SCAM to get your personal info.
 
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Old 02-09-2011, 10:47 PM
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How about the other side of the coin - who among us has the "Easy Care" policy and how have they performed in claims situations??? DaleD
 
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Old 02-10-2011, 02:07 PM
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I have heard that Easy Care is good. Now if I can just get the price down.
 
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Old 02-10-2011, 07:28 PM
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I have had claims and EasyCare paid for them. Repairs included seat headrest motor, ABS module, cam cover seals, thermostat housing, steering column motor, motor mounts.

It was worth it for me.
 
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Old 02-11-2011, 03:48 AM
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Originally Posted by gchin
I have had claims and EasyCare paid for them. Repairs included seat headrest motor, ABS module, cam cover seals, thermostat housing, steering column motor, motor mounts.

It was worth it for me.
Where in the SF Bay area did you get the Easy Care warranty ?
 
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Old 02-11-2011, 10:54 AM
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I have a $3000 National Auto Care warranty on the 06 and it has paid about $500 out for an ABS sensor replacement so far. My guess is that I will lose money on it but you just never know with a real expensive car. I hate surprises, they always come at bad times, so it is worth it to me. I will say that the warranty company reviewed the dealers diagnosis and rejected the dealers request for a new sensor harness. It was the sensor only and the harness would have been a waste of money that a hapless person with no insurance would have eaten. Scary but was impressed with the knowlege of the warranty inspector. I hate bad diagnosis and wasted resources.
 
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Old 02-11-2011, 03:45 PM
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gchin, what did you pay for your Easy Care warranty?
 
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Old 02-11-2011, 06:50 PM
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Turns out that the Jaguar dealer I've been going to sells Easy Care but I was told today that Easy Care will not provide a warranty if the original warranty has already expired (?)

I've also spoken with a few different dealers that seem to like the ABCO-based warranty (ABCO is the main company that also handles Easy Care (?)). Even with haggling, they wanted $5000 for a 3 yr/36k warranty for my 2003 XK8 with 72k miles - that's a bumper-to-bumber warranty though with no deductable though.
 
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