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9/10 times this is where you'll be pitched a high margin product/service with a comparatively much lower cost to what you're buying; things like accessories, cables, extended warranties, etc. Not all are necessarily "bad" purchases, but it's a good idea to do your research ahead of time to know what you'll want/need. If you walk into a sales situation where you think you may make a purchase, feel free to ask your salesperson what other items/costs you should consider. This gives them an opportunity to be upfront with you, and if they spring something on you during checkout, you can say you'll need to think about it. Also, if you're on the fence about something, ask if it can be added later. Most things can.
It's important to know whether they can be added later, but also important to know if there's a "no-penalty" cancelation period. For example, in my state, certain warranties have a legally mandated 30 day cancelation period. It's also important to know that these are usually high-margin sales items that are direct profit to the seller. Sellers will often discount the product so that they can encourage you to spend more on the warranty.
It's entirely possible, though morally questionable, to play hardball with the salesperson and get them to make a huge discount on the price of the product so that you buy the add-on warranty... Then cancel the warranty once you sign the contract.
But again, you have to know your local regulations on these kinds of things going into the negotiations.
Sounds like every conversation I've had with insurance reps over the years in particular 🙃
For what it's worth. In South Africa at least, they have to go through the whole list of nonsense so that you're fully informed about all the options. It's a regulation in place (and mostly so that people don't come around later saying they got bad advice).
Utter pain though and most of it is the documentation sent after the fact.
Toyota’s Tire and Rim protection is the one exception to this rule. It costs about $2 a month where I live (Baltimore) and earlier this year I drove over a piece of construction equipment that was on the side of a road and it shredded two of my tires... I paid nothing, not even a copay.
It covers your rims too? What do you have to do to make a claim? If you scratch a rim, can you bring it in and get a brand new one? Is there a deductible?
Prepaid maintenance packages on vehicles are usually a really good deal in my experience.
I specifically bought my current car brand new to be able to advantage of prepaid maintenance, so far it's working out really well.
I agree it's worth it if you are fortunate enough to be able to afford it.
“Would you like to supersize that for another $2?”
I would've paid fifty!
What I don’t get is why more folks don’t use the Geico 100k mile warranty. Bumper to bumper 100k mile warranty. It costs like $3 /month. It’s insanely easy to use and covers basically everything but standard wear items.
Found the Geico Employee lol
I mean just in general, if you're not given time to research, it's a bad idea. There's usually a good reason they don't want to give you time to think it over.
I went to buy my first car with my dad before going to start my PhD and my dad was co signing because his credit is god tier and made my monthly payment affordable based on my stipend for a grad student like me.
The car salesman was cool as hell and didn't hastle me at all and I told him what I wanted, he showed me two or three options, I picked the one I loved, we hagled a bit and got a good price we were all comfortable with.
It wasn't until I walked into the financiers office I realized this is where all the bullshit begins. He basically starts off showing me based on my interest rate, car value, and blah blah what my base monthly payment for a 5 year payment would be which was 280 dollars. I felt good about that because I wanted to stay under 290 as that's what I deduced I could afford with my stipend. I looked him straight in the eye and said "great sounds good to me I think we are done here?" And then he proceeds to go off about maintenance package this maintenance package that, extended warranty this, roadside that, blah blah the whole fucking 9 yards. I let him talk and do his spiel and after he said what of all this are you interested in and I said "absolutely none of it, I like my car payment to be under 290, you said it would be 280 with no extra stuff so sounds good to me.".
Then he proceeds to absolutely fuck himself by trying to lower and lower the price of one of their extended warranty things be was really trying to sell me on. He said well it's normally 40 a month what if I can get it to you for the same price we employees get it at 10 dollars a month". And I told him " 5x 5 years is 600 dollars, which isn't too much, but you've just openly admitted this product is worthless by constantly lowering the price to the point it seems like I'm just wasting money" and he said "well damn if I didnt try".
So really gotta watch out for the extra bits at the end. Nowadays at large corporate dealers the salesperson is designed to get you in the finance office seat and be as malleable as possible to increasing your monthly payments. Just be mindful, I'm glad I said no to that extended warranty he wanted to sell me because guess how many problems I had with my car during the mileage limit he said it would cover? Guess who would still be giving them 10 dollars a month for fuck all in return ?
Usually not a good idea at the time of purchase either. Most "extend" warranties are never needed/used and are often not honored - for reasons that only the provider of the warranty dictates. You have little or no recourse if your claim is arbitrarily declined.
I was offered window tinting for only $2000, it was a special deal. I laughed out loud when she gave me the price, she wasn't expecting that. I didn't take her up on the offer.
No, I don't want breadsticks... I already ordered cheesesticks
Just want to share my story from unfortunately needing to buy a car in late May this year.
I carefully decided on the purchase over a few days and was quick to avoid the "protecting cover." First, I worked in paint-chemistry and knew how shitty the test results are; and second, they offered a wash and wax whenever I get service so I know *they're* going to keep the paint looking good.
Then I'm talking to the finance guy, and he's no explanations, just "yes" or "no." And he asks "Do you want any extra warranties?" EASY "no." "Okay, so initial this tablet to decline them."
\**hands me tablet with several warranty options*. First option is for the "Maintenance Warranty." ALL regular maintenance is covered! I had never heard of this so I was intrigued...
"What's this 'Maintenance Warranty?'"
"Oh, you said you didn't want that."
"Yeah, I know, but what is it?"
"Well I can add it on for you."
"DO YOU KNOW WHAT A QUESTION IS? I said 'WHAT is it?!' TELL me what it is, and THEN I'll decide if I want it."
Of course, I already knew they were just trying to pad their costs and wasn't going to pay any more to someone that inept at sales, but I wanted to hear out the rest of the ruse.
> all regular maintenance is covered
* The definition of "regular" is not what you want.
* The definition of "covered" is not what you want.
Can confirm. I got a rental in Illinois in the winter, me never have driven in snow before, I thought the clerk at the front was wonderful for upgrade my Nissan to a V8 rwd Camaro. Learned my lesson the hard way sliding down Devon st.
hard disagree, ive never regretted getting the large mcfries
Except AppleCare. Always buy it. If you run into a bad batch of batteries, it costs more to replace than the AppleCare.
That should be covered by manufacturer's warranty. Do you need to buy your own insurance (warranty) to be covered from the faults?
When I bought my first good car they chauffeured my wife and I into this shamcy fancy little office just before signing the final contract. Sales girl walks in and tries to upsell added extras, the only real one that caught my interest was the dashcam option. $5000. The car cost $23000. I laughed as they tried to convince me it was worth it for the professional fitting. $89 dashcam has since done everything the one they offered us could and more.
What about early bird check in at Southwest?
Bought a used VW from a dealer in Scotland. Was offered a 3 year service package for £129. My last car (also a used VW, same model just older) cost about £80 for a basic annual service. A full valet is £30. I can pay the dealer an extra £20 to come pick the car up from my home and return it to me same day, and being a main dealer, it’s always fully valeted. So for £189, I got minimum £330 value, plus my time taking the car to the garage and getting a lift home, and fuel saving for what is 3 return journeys per service when including my lifts. Big win!
I've been a certified master mechanic for over 15 years and a shop owner for 5. I have never seen an extended warranty cover a single thing.