SCAM, SCAM, SCAM!!!
Peter

http://www.stltoday.com/blogzone/the-savvy-consumer-blog/uncategorized/2009/12/nascar-team-says-us-fidelis-wont-be-a-sponsor-next-year/

Stupid iPhone auto correct

also you negleceted to address why you were so rude to some of the previous posters. I especially love how you only address the non covered items and leave everything else out in your reply.
Bottom line is this people, call us fidels and see how much they are going to charge you for a warranty. Take what they give you as a down payment and open a savings account with it, then each month take the money you would be giving them and put it in your savings accout. This way you have a stable emergency fund and you can make decisions about what will and will not be covered by your emergency fund

Most warranty companies can turn down almost any claim for wear and tear if your policy does not cover those.

if you do your finanacing thru a credit union, they sometimes sell a warranty product and then you have them to go back to if you do have a problem. When you buy yourself thru an independant company you have no one when the answer is NO

Transmission/Automatic or Standard: The internal components of the automatic transmission or manual transmission. Drive chain, drive chain gears, carrier bearings, and internal trans-axle seal. The manual transmission case and automatic transmission case and torque converter are covered, if damaged by the failure of internally lubricated parts. Flywheel/ flex plate, vacuum modulator, electronic shift control unit, transmission cooler, transmission mounts, oil pan, seals and gaskets, shift linkage and shift bushing.

it does vary from contract to contract. this is why we give all our customers a 100% money back guarantee. its state law that customers get to review the terms and conditions, before they make a final decision. after 30 days you get a pro-rated refund minus a canx fee.

3/300,000 customers .00001 of are customers are unhappy

1100/300,000 X 100 is .36666 so that’s a 99.6 approval rating. hm if i was a business owner id say im pretty happy with that.

yea just go out and buy yourself a new car i encourage it so that you can invest 20k into a new car and 8 yrs later its worth nearly 4k. i may not be a investment nerd but if you said i have a investment plan to invest 20k then 5 yrs later its worth 5k o would say your out of your mind. so lets look at the payments 300 a month for 60 months that’s 18k…most are at at lest 10% interest so that 1800 dollars in interest you pay so the total is 19200. you drive the car off the lot you lost 2500 dollars.

the manufacture give you a 3/36 so after 3 years you will be out of warranty. so magically most cars break down when there outside the warranty. so here we are 3 yrs later still doing the same thing looking for coverage. except you have to look that your already paying 300 dollars towards that car payment. so you will search and search for cheep coverage and maybe you give up because you think warranty’s are a scam so 4 yrs later your car breaks down and the car is worth 3k and the tranny costs 2200 you say its time for a new car you trade it in and buy a new one…..see there is a common pattern the dealer has you right by the collar so go ahead think 300 dollars for 12 months with no interest is to high and don’t get coverage wait on it your car is running GREAT so when it does break down ill walk up to you and say I TOLD YOU SO and walk away laughing

40 state Attorneys General are currently investigating the company for misleading consumers.

The Today show goes on to point out that the company has 1100 complaints with the St. Louis Better Business Bureau.

Thanks for the article. I’m currently doing research on extended warranties as the warranty on my current car is about to expire and though I haven’t had a trasmission go out, I certainly have used the warranty extensively. Though I whole hartedly agree that a high yield savings plan is a much better idea, the extended warranty plan offered by the manufacturer seems quite reasonable. At $1700 for a 3yr/36,000 mile plan with zero % financing for 17 months, and with the exact same coverage as the original warranty, and no up front fees (some extended warranty companies require you to pay up front, then haggle later whether or not it’s covered) and work done at their (the dealership) service center (again, other companies require you use an exclusive list of providers) I found this to be competitive and convenient. I agree with another poster that with the sheer number of people covered by Fidelis (likely in the tens of thousands), 809 complaints over 3 yrs actually seems kinda low. However, I felt compelled to research alternative options. And the first poster who stated you as being jealous of a company making money seems to have missed the point completely.

Thanks,

Christopher