I'll tell you a little story.
Originally Posted by integra93ls
Why wouldn't a warranty work out???
In 1979 I bought an almost new 1978 Toyota pickup truck. It had low miles, the price was a good bit off a new one, and there was a lengthy bumper-to-bumper warranty available for only $250. that the sales folk swore was through a Toyota subsidiary and good as gold. Back then used car warranty was a fairly new thing but it sounded right and I went for it.
The little truck was solid and my then wife loved driving and using it. All was well until the trck had 59,000 miles. It lost the front seal on its five speed transmission on a trip back from LA to our home in Santa Cruz (Calif). My wife didn't notice anything wrong but without oil the trans had a fried first gear cluster by the time she made it home.
No big thing - I took it to the Santa Cruz Toyota dealership where I'd bought it to impliment the warranty for repairs.
A couple days later I got a call from them. Seems that the company which issued the warranty had gone out of business and I had no warranty at all.
I'd paid to have all of it covered. Paid for a warranty that no longer existed and as far as I know NEVER DID EXIST beyond the agreement to buy.
It was $460. to fix the truck but in fact I paid $710. for the trans repair because I'd bought the useless warranty for $250.
So there you see one way a warranty might not work out. A warranty is only words without any entity to stand behind the promises made to you.
I've never bought another non-factory warranty on anything.
Last edited by Hill; 07-19-2014 at 01:05 PM.