No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 25, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Florida woman with $30K car loan says her ‘engine blew up’ — and the warranty won’t help. Ramsey hosts respond

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 4 mins read
A A
Florida woman with K car loan says her ‘engine blew up’ — and the warranty won’t help. Ramsey hosts respond
Share on FacebookShare on TwitterShare on LInkedIn


When Ami drove her newly purchased used car off the lot, she thought she was set. Instead, she ended up with a blown engine, a $30,000 loan and a $6,000 warranty that won’t pay up — and now she’s fighting to keep her life from stalling out.

When everything went south, the Tampa resident took it to a mechanic. She was shocked to discover that the warranty company wouldn’t cover repairs to the engine.

“They’re trying to get out of it,” said Ami.

Instead, the company told her she’d have to pay for the teardown to determine the cause of the problem — an out-of-pocket expense she can’t afford.

“Basically, I have no car and I’m stuck with this,” Ami said.

After going back and forth with the dealership and warranty company, she ran out of ideas and turned to The Ramsey Show for advice.

“Does it not cover exploding engines?” asked co-hot John Delony.

The details matter when it comes to car warranties. Depending on the fine print, Ami might have to cover the teardown costs before the warranty pays for certain repairs.

“That is insane,” fellow co-host George Kamel said. “I’ve never heard where you have to pay and then maybe the warranty company will reimburse you later.”

It’s rare for a warranty to cover everything that could go wrong with your vehicle. But many do cover engine problems.

Since Ami paid $6,000 for an extended warranty, you’d think it would. But she may have overpaid. The average extended warranty costs about $1,300 a year, according to MarketWatch. Unless hers lasted at least four and a half years, she paid more than most.

“If you bought that warranty through that dealer, then there may be some liability on their part, that they’re pushing a bad product on you,” Delony said.

A key detail: Ami signed an as-is agreement when purchasing the car. Essentially, this legalese means that she purchased the car in its existing condition.

She’s not alone. Other customers of the same dealership have complained about similar warranty issues. The Better Business Bureau’s shows mixed reviews for the business, but many complaints share the same story. In its responses, the dealership often points to the as-is agreement, saying it doesn’t owe help to customers — even those who bought extended warranties.

Story Continues

Ami’s finances are stretched thin. She has the $30,000 loan on the dead car, another $13,000 loan for her mother’s vehicle, an $8,000 personal loan, a $700 loan, and several credit card balances. She’s driving a work vehicle now, but will eventually need her own car soon to keep her job and make ends meet.

Read more: Nervous about the stock market? Gain potential quarterly income through this $1B private real estate fund — even if you’re not a millionaire. Here’s how to get started with as little as $10

Delony admitted he’s confused by Ami’s lack of “going to war over this.” But she said she has been digging through the details and messaging the companies involved. The hosts encouraged her to dig even deeper.

“Ami, we need to change everything,” Kamel said.

Delony urged her to read the warranty paperwork line by line, looking for anything that could help her case. He told her to stop relying on emails and start phone calls — and in-person visits — until the problem is resolved.

“It would be my part-time job,” said Kamel, “Whenever I’m not working my full-time job, I’m working on this and fighting it. I’m going through the fine print. I’m working with an attorney. I’m showing up in person every day until they know me by name.”

Ideally, the work would push the warranty company to honor the repairs. If not, the hosts suggested she try to get a refund on the warranty.

To improve her financial picture, Kamel suggested reclaiming the car that she gave to her mom. As for what to do with the broken-down vehicle, Kamel told her to get it fixed so she can sell it or trade it in for parts.

Selling the car as-is would leave her with a large loan balance and no transportation, so the stakes are high. Both hosts told Ami to press the warranty company to pay for the repairs or issue a refund, even if it means hiring a lawyer.

For anyone buying a car and considering a warranty, it’s essential to read the fine print before signing. Look closely at all the fees in your contract. If you don’t know what one is, ask and try to get it removed.

When it comes to extended warranties, read carefully for any loopholes. Ami’s case suggests she may have to pay for repairs upfront and seek reimbursement, which is unusual and financially risky. If you don’t like the terms, don’t sign. Either skip the warranty or get help from a savvy friend, financial advisor or lawyer before committing.

Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. Subscribe now.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.



Source link

Tags: 30kBlewCarEngineFloridahostsloanRamseyrespondWarrantywomanWont
ShareTweetShare
Previous Post

What Happens If You Leave a Retirement Account Off Your Will?

Next Post

10 Assisted Living Fees That Aren’t Advertised Until You Move In

Related Posts

edit post
US dollar makes modest weekly gain after soft inflation data

US dollar makes modest weekly gain after soft inflation data

by TheAdviserMagazine
October 25, 2025
0

The U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased...

edit post
Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region

Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region

by TheAdviserMagazine
October 24, 2025
0

The U.S. military is sending an aircraft carrier to the waters off South America, the Pentagon announced Friday, in the...

edit post
Social Security COLA 2026: payments to go up 2.8% as inflation cools

Social Security COLA 2026: payments to go up 2.8% as inflation cools

by TheAdviserMagazine
October 24, 2025
0

 The Social Security Administration’s annual cost-of-living adjustment will go up by 2.8% in 2026, translating to an average increase of...

edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

by TheAdviserMagazine
October 24, 2025
0

President Donald Trump announced he’s ending “all trade negotiations” with Canada because of a television ad sponsored by one of its provinces...

edit post
Microsoft is distancing itself from longtime partner OpenAI, shunning erotica chatbots: ‘Just not a service we’re going to provide,’ AI CEO says

Microsoft is distancing itself from longtime partner OpenAI, shunning erotica chatbots: ‘Just not a service we’re going to provide,’ AI CEO says

by TheAdviserMagazine
October 24, 2025
0

Microsoft will not emulate the strategies of Elon Musk’s xAI or Sam Altman’s OpenAI in creating “simulated erotica” for its...

edit post
Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

by TheAdviserMagazine
October 24, 2025
0

IndusInd Bank's former deputy chief has deposited 50% of the alleged insider trading gains with India's markets regulator, BSE said...

Next Post
edit post
10 Assisted Living Fees That Aren’t Advertised Until You Move In

10 Assisted Living Fees That Aren’t Advertised Until You Move In

edit post
Can You Be Sued for Not Warning Visitors About Your Medication Side Effects?

Can You Be Sued for Not Warning Visitors About Your Medication Side Effects?

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
US dollar makes modest weekly gain after soft inflation data

US dollar makes modest weekly gain after soft inflation data

0
edit post
Prospect Capital (PSEC) | Monthly Dividend Safety Analysis

Prospect Capital (PSEC) | Monthly Dividend Safety Analysis

0
edit post
Five key takeaways from Friday’s consumer price index report

Five key takeaways from Friday’s consumer price index report

0
edit post
Custodia and Vantage Deliver Tokenization Directly Inside Everyday Banking Systems

Custodia and Vantage Deliver Tokenization Directly Inside Everyday Banking Systems

0
edit post
8 Ways to Prove “Life-Changing Events” and Lower Your IRMAA Surcharge (Before It Auto-Hits)

8 Ways to Prove “Life-Changing Events” and Lower Your IRMAA Surcharge (Before It Auto-Hits)

0
edit post
Your Top October Money Questions Answered

Your Top October Money Questions Answered

0
edit post
US dollar makes modest weekly gain after soft inflation data

US dollar makes modest weekly gain after soft inflation data

October 25, 2025
edit post
Custodia and Vantage Deliver Tokenization Directly Inside Everyday Banking Systems

Custodia and Vantage Deliver Tokenization Directly Inside Everyday Banking Systems

October 25, 2025
edit post
Bank of England Probes Data Mining Lending Fueling AI Bets

Bank of England Probes Data Mining Lending Fueling AI Bets

October 24, 2025
edit post
Where We Go Next After NY Climate Week

Where We Go Next After NY Climate Week

October 24, 2025
edit post
Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region

Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region

October 24, 2025
edit post
Social Security COLA 2026: payments to go up 2.8% as inflation cools

Social Security COLA 2026: payments to go up 2.8% as inflation cools

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • US dollar makes modest weekly gain after soft inflation data
  • Custodia and Vantage Deliver Tokenization Directly Inside Everyday Banking Systems
  • Bank of England Probes Data Mining Lending Fueling AI Bets
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.