I Bought A $6,000 Warranty And The Car Doesn't Even Run Anymore?

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4.6 • 682 Ratings

🗓️ 31 July 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.0	So I financed a used car and I got an extended warranty with it and now recently the engine blew up.
0:14.0	And so basically I have no car and I'm stuck with this, like it's a $30,000 loan still with this car.
0:21.5	Oh, my goodness. You said you got the extended warranty. Does it not cover exploding engines? No. No, I guess not. No. They're trying, they're kind of like trying to get out of it, I guess, basically. They want me to do, like, they want me to pay for the mechanic. So it's not a mechanic shop right now, and they want me to pay for the tear down for it.
0:41.5	Who does?
0:42.4	To figure out, like, exactly what's wrong.
0:44.1	The warranty company.
0:45.8	The warranty company wants you to pay for them to tear apart the car to figure out what went
0:50.7	wrong?
0:51.9	Well, no, the mechanic wants me to pay first.
0:55.5	And then maybe they'll reimburse you?
0:58.1	Exactly, yeah, and then maybe the warranty will cover it.
1:00.4	Maybe they won't, so.
1:02.9	Yikes.
1:03.5	Okay, what's the car, what was the car worth before this issue?
1:10.8	Probably about $18,000, and then I bought the extended warranties, and then I before this issue?
1:16.3	Probably about 18,000 and then I bought the extended warranties and then out the door it came to 30.
1:17.9	What?
1:18.5	Whoa.
1:19.2	What?
1:21.3	Yeah, so now it's only worth 13,000.
1:22.7	Now, how is it worth 18?
	...

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