First hand experience and numerous complaints.
Experience: My mother owned a Chevy Blazer which she bought used and it came with a third party warranty. I borrowed it to take to BC because my car didn't have enough space. When i got it back it ran fine. I gave it back to her and she drive it for another 6 months or so. One day the engine threw a rod of something. We went to have it claimed under warranty and they said no. Their excuse? Not "enough" oil changes based on Milage. Which was crap because they didn't outline exactly what they considered to be their service intervals. Every 5,000 km is fully sufficient.
From other people I have heard of companies not covering warranties for the dumbest reasons. One warranty company uses USED parts. And they expect YOU to pay for new parts. Half the time their replacing a defective part with another defective part. And if people don't check their invoices and talk to their mechanic they will never know.
A guy I work with has a 2009 Jeep Tj. Full warranty including all electrical. The wires on his seat shorted out causing the seat not to work. Took in to be fixed and when he went to pick it up they claimed his warranty wouldn't cover it and wanted him to pay upfront. He said no and had to argue with the GM of the dealership and fight with Dodge Canada to have them pay for it. The issue with this is some dealerships are so shady they will make you pay for work that should be covered under warranty and then submit the warranty claim to Dodge to get paid twice. It happens a lot more then you would think.
One warranty company said their warranty for 3 years was $2,600 and after three years if you didnt file a claim you got $2,000 back. 3 year warranty for $600 right? Sounds great until you try to get your $2,000 back. You won't. They will dick you around until you go away.
Put $2,600 in a high interest savings account. At least that way if you need the money it's their. If you don't, you will have a better return on your investment.
I'll tell you this, I bought $500~ in parts for my BMW and by installing it all myself I saved about $1,500 or so in labour costs alone.
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Last edited by Lord Vader; 06-21-2012 at 10:12 PM.