Anybody have any luck getting a deal on extended warranty in Canada? I don't think it's like the US, where you can get the insurance from different companies. Heck, I doubt that there will be many options on the types of insurance. What are people getting and how much is it costing you?
Hi gory. I had posted this previously in a different thread, but may help (or not!)
As an aside, did anyone else receive quotes for extended warranties? I'm in total shock about what they quoted me. So much so, I just emailed the finance specialist asking if an error was made on the calculations. For the top coverage, which includes 7 year/160k km and a bunch of other stuff that I don't care about, they show my bi-weekly payment rising by $90 (based on an 84 month schedule) which results in a charge of over $16,000 by the time the loan is up! That's 30% of the vehicle cost.
Even the so called "economy" option which is 5 year 100,000 km comprehensive and ECC module for rust protection (scam) increases the payment by almost $30, which after 182 payments is something like $5200. That's totally unacceptable.
I await the dealer to email back. I'm hoping that was just an error, as she was quite busy at the time when we were finalizing our deal.