Buffalo Boy's Blog
Giving You More Than Just My Two Cents
The Extended Warranty Rip Off
I was driving a 10 year old Toyota Corolla up until New Years Day when I was basically told that I fork over $700 to fix the catalytic converter or it wouldn't pass inspection.
Well, I decided I'd rather put that money into a newer, used vehicle. I shopped around for a day or two, Fucillo, Steve Baldo, Northtown and others.
Well, I ended up back at Fucillo Toyota. They met my standards, a 2008 Nissan Versa, small economical and low mileage, 21,000 to be exact. I was willing to put $1000 down in addition to my trade in value of $1000, so I was basically putting $2000 down.
The deal was sealed when they offered me the car for $10,200, $8200 after trade in. Great done deal.
A month after purchase I noticed that there was an extended warranty on the car that I signed. I obviously wasn't paying close enough attention to the paperwork because if I was I would have turned the thing down.
A) its a Nissan, the thing will run forever if the oil is changed when needed and its taken care of
B) at 21,000 miles it sill had 15000 miles left on the original warranty.
So, I had $1800 added onto the car for an extended warranty that I didn't want or need. Well, obviously I called and complained and the finance manager at Fucillo acted dumb by saying that I wanted this and that I was going to regret it.
I kindly expained to him that the only thing I was regretting was being suckered into buying a warranty I didn't want. So he said he would get the warranty taken off the loan and have the $1800 refunded.
This was February 2nd. It is now April 3rd and the $1800 is still there, ao I called and talked to the finance manager and gave him a piece of my mind. Its been 60 days. If I was 60 days late paying for this warranty they would have dropped me like a bad habit.
In the meantime $1800 extra is on my loan running up the interest on my loan. My payments without the warranty would have been $166 per month, with the $1800 they are $197 per month. Thats a $30 per month difference which by anyone's standards is a huge difference.
They can't redo the loan which I respect that, I will end up paying off the car early, but they need to get this money refunded yesterday. This finance manager is supposed to call me Monday to let me know what the results are. He checked on it today and he said the request was still "processing".
I'll fill everyone in on what happens, in the meantime, beware of the extended warranty scam when you buy your used car.











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